Solar Capital Ltd. (SLRC) : Ares Management added new position in Solar Capital Ltd. during the most recent quarter end. The investment management firm now holds 198,267 shares of Solar Capital Ltd. which is valued at $3,977,236 , the company said in a statement filed on Aug 15, 2016 with the SEC.Solar Capital Ltd. makes up approximately 0.28% of Ares Management’s portfolio.
Other Hedge Funds, Including , Hbk Investments L P sold out all of its stake in SLRC during the most recent quarter. The investment firm sold 16,700 shares of SLRC which is valued $335,002. Raiff Partners Inc added SLRC to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $200,600. Solar Capital Ltd. makes up approx 0.56% of Raiff Partners Inc’s portfolio.Chicago Partners Investment Group reduced its stake in SLRC by selling 899 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 79,365 shares of SLRC which is valued at $1,601,586. Solar Capital Ltd. makes up approx 0.75% of Chicago Partners Investment Group’s portfolio.Kayne Anderson Capital Advisors Lp reduced its stake in SLRC by selling 36,000 shares or 49.32% in the most recent quarter. The Hedge Fund company now holds 37,000 shares of SLRC which is valued at $753,320. Solar Capital Ltd. makes up approx 0.01% of Kayne Anderson Capital Advisors Lp’s portfolio.
Solar Capital Ltd. closed down -0.15 points or -0.73% at $20.39 with 85,938 shares getting traded on Thursday. Post opening the session at $20.46, the shares hit an intraday low of $20.305 and an intraday high of $20.58 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Solar Capital Ltd. is a closed-end externally managed non-diversified management investment company that has elected to be treated as a business development company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. The Company invests primarily in leveraged middle markets companies in the form of senior secured loans mezzanine loans and equity securities. The Company is focused primarily on the direct origination of investments through portfolio companies or financial sponsors. The Company’s investments generally range from $5 million to $100 million each although it expects that this investment size may vary proportionately with the size of its capital base and/or strategic initiatives. The Company is managed by Solar Capital Partners LLC (Solar Capital Partners) which provides the administrative services.