Yorktown Management Research Co Inc buys $12,637,800 stake in Solar Capital Ltd. (SLRC)

Solar Capital Ltd. (SLRC) : Yorktown Management Research Co Inc scooped up 200,000 additional shares in Solar Capital Ltd. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 630,000 shares of Solar Capital Ltd. which is valued at $12,637,800.Solar Capital Ltd. makes up approximately 2.77% of Yorktown Management Research Co Inc’s portfolio.

Other Hedge Funds, Including , Sunbelt Securities reduced its stake in SLRC by selling 426 shares or 18.03% in the most recent quarter. The Hedge Fund company now holds 1,937 shares of SLRC which is valued at $38,856. Solar Capital Ltd. makes up approx 0.04% of Sunbelt Securities’s portfolio.Advisors Asset Management boosted its stake in SLRC in the latest quarter, The investment management firm added 24,812 additional shares and now holds a total of 246,984 shares of Solar Capital Ltd. which is valued at $4,984,137. Solar Capital Ltd. makes up approx 0.08% of Advisors Asset Management’s portfolio.Eagle Boston Investment Management Inc boosted its stake in SLRC in the latest quarter, The investment management firm added 8,352 additional shares and now holds a total of 322,168 shares of Solar Capital Ltd. which is valued at $6,398,256. Solar Capital Ltd. makes up approx 0.84% of Eagle Boston Investment Management Inc’s portfolio.

Solar Capital Ltd. opened for trading at $20.35 and hit $20.51 on the upside on Monday, eventually ending the session at $20.5, with a gain of 1.13% or 0.23 points. The heightened volatility saw the trading volume jump to 1,09,796 shares. Company has a market cap of $866 M.

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.

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