Media coverage about Solar Capital (NASDAQ:SLRC) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Solar Capital earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.5228000875767 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Solar Capital (SLRC) traded down 0.23% during trading on Friday, hitting $21.36. 39,443 shares of the stock traded hands. The company’s 50 day moving average price is $21.82 and its 200 day moving average price is $21.98. Solar Capital has a 12 month low of $19.26 and a 12 month high of $22.94.
Solar Capital (NASDAQ:SLRC) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.41 by $0.03. The firm had revenue of $33.89 million for the quarter, compared to analyst estimates of $36.51 million. Solar Capital had a return on equity of 7.30% and a net margin of 54.87%. On average, analysts forecast that Solar Capital will post $1.62 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Thursday, September 21st will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.49%. The ex-dividend date is Wednesday, September 20th. Solar Capital’s payout ratio is currently 85.11%.
A number of equities analysts have commented on SLRC shares. Zacks Investment Research upgraded shares of Solar Capital from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. J P Morgan Chase & Co downgraded shares of Solar Capital from an “overweight” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a report on Monday, May 1st. National Securities restated a “buy” rating and set a $24.00 price objective on shares of Solar Capital in a report on Monday, May 8th. BidaskClub downgraded shares of Solar Capital from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Keefe, Bruyette & Woods set a $23.00 price objective on shares of Solar Capital and gave the company a “hold” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.88.
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About Solar Capital
Solar Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests in privately held the United States middle market companies.
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