Solar Senior Capital Ltd (NASDAQ:SUNS) had declared a cash dividend of $0.1175 on Oct 5, 2016. The shares will quote ex-dividend on Oct 18, 2016 and the record date has been fixed for Oct 20, 2016. On Oct 5, 2016 share price, the yield comes out to be 8.7578%. The dividend payable date has been fixed on Nov 1, 2016.
In a different note, On Aug 4, 2016, Citigroup said it Maintains its rating on Solar Senior Capital Ltd. In the research note, the firm Raises the price-target to $14.00 per share. The shares have been rated ‘Neutral’ by the firm.
Solar Senior Capital Ltd (SUNS) shares turned negative on Fridays trading session with the shares closing down -0.08 points or -0.50% at a volume of 47,583. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.17. The peak price level was also seen at $16.17 while the days lowest was $16.02. Finally the shares closed at $16.02. The 52-week high of the shares is $17.09 while the 52-week low is $12.8001. According to the latest information available, the market cap of the company is $185 M.
Solar Senior Capital Ltd(SUNS) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $6.68M. Analysts had an estimated revenue of $6.36M. Earnings per share were $0.35. Analysts had estimated an EPS of $0.35.
Several Insider Transactions has been reported to the SEC. On May 13, 2016, Steven Hochberg (director) purchased 12,500 shares at $15.49 per share price.Also, On Mar 10, 2016, Michael S Gross (director officer ) purchased 5,344 shares at $13.90 per share price.On Dec 11, 2015, Bruce J Spohler (director officer ) purchased 2,400 shares at $14.82 per share price, according to the Form-4 filing with the securities and exchange commission.
Solar Senior Capital Ltd. (SUNS) is a closed-end externally managed non-diversified management investment company. SUNS’ investment objective is to seek to maximize current income consistent with the preservation of capital. The Company invests primarily in the United States middle market companies. The Company invests in senior loans including first lien and second lien debt instruments and in debt of public companies that are thinly traded. The Company invests in senior loans made primarily to private leveraged middle-market companies with approximately $20 million to $100 million of earnings before interest taxes depreciation and amortization (EBITDA). SUNS’ investments consist of cash cash equivalents the United States Government securities or investment grade debt securities maturing in one year or less from the time of investment (collectively referred to as temporary investments). The Company is managed by Solar Capital Partners LLC (Solar Capital Partners).