Media coverage about Solar Senior Capital (NASDAQ:SUNS) has trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Solar Senior Capital earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 46.43 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 news articles that may have effected Accern’s scoring:
- Colford announces sale of North Mill Capital; retains & strengthens North Mill Equipment Finance (lessors.com)
- Solar Senior Capital Ltd. Acquires North Mill Capital; Diversifies & Expands Senior Secured Lending Opportunities (abladvisor.com)
- Solar Senior Capital Ltd. : Acquires North Mill Capital Further Diversifies and Expands Senior Secured Lending Investment Opportunities (4-traders.com)
- Solar Senior Capital Ltd. (SUNS) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
Solar Senior Capital (NASDAQ:SUNS) last posted its earnings results on Tuesday, August 1st. The asset manager reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $7.66 million during the quarter, compared to analysts’ expectations of $8.24 million. Solar Senior Capital had a net margin of 76.07% and a return on equity of 7.98%.
The company also recently declared a monthly dividend, which was paid on Wednesday, November 1st. Investors of record on Thursday, October 19th were given a $0.1175 dividend. The ex-dividend date was Wednesday, October 18th. This represents a $1.41 annualized dividend and a dividend yield of 7.98%. Solar Senior Capital’s dividend payout ratio (DPR) is presently 94.63%.
A number of equities analysts recently issued reports on the company. BidaskClub lowered Solar Senior Capital from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Zacks Investment Research raised Solar Senior Capital from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $17.17.
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About Solar Senior Capital
Solar Senior Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to seek to maximize current income consistent with the preservation of capital. The Company seeks to achieve its investment objective by directly and indirectly investing in senior loans, including first lien, unitranche, and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade, which it refers to collectively as senior loans.
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