Keeley Teton Advisors LLC trimmed its holdings in shares of Solar Capital Ltd. (NASDAQ:SLRC) by 7.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,054 shares of the financial services provider’s stock after selling 7,500 shares during the period. Keeley Teton Advisors LLC owned 0.21% of Solar Capital worth $1,780,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Global X MANAGEMENT CO LLC increased its holdings in Solar Capital by 49.3% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,024 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 2,981 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Solar Capital during the 3rd quarter valued at $210,000. Northern Trust Corp increased its holdings in Solar Capital by 11.7% during the 2nd quarter. Northern Trust Corp now owns 10,412 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 1,088 shares in the last quarter. FDx Advisors Inc. acquired a new stake in Solar Capital during the 4th quarter valued at $212,000. Finally, California Public Employees Retirement System acquired a new stake in Solar Capital during the 3rd quarter valued at $254,000. 61.78% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on SLRC. National Securities reaffirmed a “buy” rating and set a $25.00 price target on shares of Solar Capital in a report on Friday, February 2nd. BidaskClub cut Solar Capital from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 13th. JMP Securities raised Solar Capital from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 16th. Zacks Investment Research raised Solar Capital from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods raised Solar Capital from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Solar Capital currently has an average rating of “Hold” and a consensus target price of $23.67.
Shares of NASDAQ SLRC traded down $0.11 during midday trading on Monday, hitting $20.20. The stock had a trading volume of 69,886 shares, compared to its average volume of 139,111. The stock has a market capitalization of $858.32, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 2.30 and a beta of 0.54. Solar Capital Ltd. has a fifty-two week low of $19.70 and a fifty-two week high of $22.94. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.00.
Solar Capital (NASDAQ:SLRC) last released its earnings results on Thursday, February 22nd. The financial services provider reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The company had revenue of $38.91 million during the quarter, compared to analysts’ expectations of $37.65 million. Solar Capital had a return on equity of 7.43% and a net margin of 49.14%. equities research analysts forecast that Solar Capital Ltd. will post 1.77 earnings per share for the current fiscal year.
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Solar Capital Profile
Solar Capital Ltd is a business development company that seeks investment opportunities in middle market companies located in the US. The fund targets companies operating in the fields of aerospace & defense, automobile, banking, beverage, food & tobacco, buildings & real estate, broadcasting & entertainment, cargo transport, chemicals, plastics & rubber, containers, packaging & glass, diversified or conglomerate manufacturing, diversified financial services, electronics, farming & agriculture, finance, grocery, healthcare, education & childcare, home, office furnishings & durable consumer products, hotels, motels, inns & gaming, insurance, IT services, leisure, amusement & entertainment, machinery, mining, steel, iron & non-precious metals, personal & nondurable consumer products, personal, food &services, personal transportation, professional services, retail stores, software, telecommunications, textiles and leather, and utilities.
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