Solar Capital (SLRC) Stock Rating Lowered by BidaskClub

Solar Capital (NASDAQ:SLRC) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.

SLRC has been the subject of a number of other research reports. Zacks Investment Research raised Solar Capital from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. National Securities upped their target price on Solar Capital from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Finally, Ladenburg Thalmann Financial Services raised Solar Capital from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.35.

Solar Capital (SLRC) opened at $20.92 on Thursday. Solar Capital has a fifty-two week low of $20.17 and a fifty-two week high of $22.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $898.04, a PE ratio of 13.28, a price-to-earnings-growth ratio of 2.66 and a beta of 0.54.

Solar Capital (NASDAQ:SLRC) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Solar Capital had a return on equity of 7.32% and a net margin of 50.29%. The firm had revenue of $36.15 million during the quarter, compared to analyst estimates of $35.95 million. equities analysts forecast that Solar Capital will post 1.6 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. bought a new stake in shares of Solar Capital in the 2nd quarter valued at about $125,000. Global X MANAGEMENT CO LLC grew its position in shares of Solar Capital by 49.3% in 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 buying an additional 2,981 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Solar Capital in the 3rd quarter valued at about $210,000. Russell Investments Group Ltd. bought a new stake in shares of Solar Capital in the 2nd quarter valued at about $217,000. Finally, Northern Trust Corp grew its position in shares of Solar Capital by 11.7% in the 2nd quarter. Northern Trust Corp now owns 10,412 shares of the financial services provider’s stock valued at $228,000 after buying an additional 1,088 shares during the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.

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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.

Analyst Recommendations for Solar Capital (NASDAQ:SLRC)

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