Media stories about Solar Capital (NASDAQ:SLRC) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Solar Capital earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 47.0928363067455 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Solar Capital Ltd. (SLRC) Declares Quarterly Dividend of $0.41 (americanbankingnews.com)
- National Securities Raises Solar Capital Ltd. (SLRC) Price Target to $25.00 (americanbankingnews.com)
- Solar Capital meets 3Q profit forecasts (finance.yahoo.com)
- Solar Capital Ltd. (SLRC) Rating Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- Solar Capital’s (SLRC) CEO Michael Gross on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
Solar Capital (NASDAQ:SLRC) traded down $0.13 during trading on Friday, hitting $21.70. 105,100 shares of the company were exchanged, compared to its average volume of 98,122. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.51. Solar Capital has a 52 week low of $20.14 and a 52 week high of $22.94. The firm has a market cap of $922.55, a P/E ratio of 13.64, a PEG ratio of 2.73 and a beta of 0.55.
Solar Capital (NASDAQ:SLRC) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). Solar Capital had a net margin of 50.29% and a return on equity of 7.32%. The company had revenue of $36.15 million for the quarter, compared to analyst estimates of $35.95 million. analysts anticipate that Solar Capital will post 1.6 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 22nd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date of this dividend is Wednesday, March 21st. This is an increase from Solar Capital’s previous quarterly dividend of $0.40. Solar Capital’s payout ratio is presently 95.24%.
A number of research analysts have recently issued reports on the stock. National Securities restated a “buy” rating and issued a $24.00 price target on shares of Solar Capital in a research report on Monday, August 7th. Keefe, Bruyette & Woods set a $23.00 target price on shares of Solar Capital and gave the company a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Solar Capital from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. BidaskClub downgraded shares of Solar Capital from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Ladenburg Thalmann Financial Services upgraded shares of Solar Capital from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Solar Capital has an average rating of “Hold” and a consensus target price of $23.35.
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Solar Capital Company Profile
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.
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