JPMorgan Chase & Co. grew its position in shares of Solar Senior Capital Ltd (NASDAQ:SUNS) by 19.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 542,976 shares of the asset manager’s stock after buying an additional 87,062 shares during the period. JPMorgan Chase & Co. owned approximately 3.39% of Solar Senior Capital worth $9,453,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Advisor Group Inc. increased its position in Solar Senior Capital by 1.4% during the 2nd quarter. Advisor Group Inc. now owns 6,657 shares of the asset manager’s stock worth $112,000 after buying an additional 95 shares during the period. Muzinich & Co. Inc. grew its holdings in shares of Solar Senior Capital by 1.5% during the 2nd quarter. Muzinich & Co. Inc. now owns 573,781 shares of the asset manager’s stock worth $9,605,000 after purchasing an additional 8,242 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Solar Senior Capital by 166.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 30,360 shares of the asset manager’s stock worth $508,000 after purchasing an additional 18,968 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Solar Senior Capital during the 2nd quarter worth $241,000. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in shares of Solar Senior Capital during the 2nd quarter worth $837,000. Hedge funds and other institutional investors own 30.24% of the company’s stock.
Separately, Zacks Investment Research raised Solar Senior Capital from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th.
Solar Senior Capital (NASDAQ:SUNS) last released its earnings results on Thursday, November 2nd. The asset manager reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The company had revenue of $7.97 million for the quarter, compared to analyst estimates of $7.82 million. Solar Senior Capital had a return on equity of 8.39% and a net margin of 76.43%. equities research analysts anticipate that Solar Senior Capital Ltd will post 1.41 EPS for the current year.
The business also recently announced a monthly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 21st will be issued a dividend of $0.117 per share. This represents a $1.40 annualized dividend and a dividend yield of 7.91%. The ex-dividend date is Wednesday, December 20th. Solar Senior Capital’s dividend payout ratio (DPR) is currently 97.92%.
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Solar Senior Capital Profile
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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