Solar Capital Ltd. (SLRC) Given Average Rating of “Hold” by Brokerages

Solar Capital Ltd. (NASDAQ:SLRC) has earned an average rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $23.67.

SLRC has been the subject of several research analyst reports. Ladenburg Thalmann Financial Services upgraded shares of Solar Capital from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research downgraded shares of Solar Capital from a “hold” rating to a “sell” rating in a research note on Friday, February 9th. National Securities restated a “buy” rating and issued a $25.00 price objective on shares of Solar Capital in a research note on Friday, February 2nd. BidaskClub downgraded shares of Solar Capital from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 7th. Finally, JMP Securities upgraded shares of Solar Capital from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 16th.

Several institutional investors and hedge funds have recently made changes to their positions in SLRC. Northern Trust Corp boosted its stake in shares of Solar Capital by 11.7% during the second quarter. Northern Trust Corp now owns 10,412 shares of the financial services provider’s stock worth $228,000 after buying an additional 1,088 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Solar Capital by 179.9% during the second quarter. Goldman Sachs Group Inc. now owns 65,839 shares of the financial services provider’s stock worth $1,440,000 after buying an additional 42,318 shares during the period. Royal Bank of Canada boosted its stake in shares of Solar Capital by 0.3% during the second quarter. Royal Bank of Canada now owns 38,320 shares of the financial services provider’s stock worth $838,000 after buying an additional 116 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Solar Capital during the second quarter worth about $475,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Solar Capital during the second quarter worth about $310,000. Institutional investors and hedge funds own 62.65% of the company’s stock.

Solar Capital (NASDAQ SLRC) traded down $0.06 during midday trading on Friday, reaching $20.49. 134,800 shares of the company’s stock traded hands, compared to its average volume of 153,201. 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 one year low of $19.70 and a one year high of $22.94. The firm has a market capitalization of $868.46, a P/E ratio of 12.84, a PEG ratio of 2.34 and a beta of 0.53.

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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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