Somewhat Favorable News Coverage Somewhat Unlikely to Impact Solar Capital (SLRC) Stock Price

News stories about Solar Capital (NASDAQ:SLRC) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Solar Capital earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.182338358967 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several equities analysts recently weighed in on SLRC shares. National Securities raised their price objective on shares of Solar Capital from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Zacks Investment Research raised shares of Solar Capital from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Ladenburg Thalmann Financial Services raised shares of Solar Capital from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Finally, BidaskClub lowered shares of Solar Capital from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $23.35.

Shares of Solar Capital (SLRC) opened at $20.16 on Thursday. The stock has a market cap of $849.02, a price-to-earnings ratio of 12.00, a PEG ratio of 2.52 and a beta of 0.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.01 and a quick ratio of 1.01. Solar Capital has a 52 week low of $19.90 and a 52 week high of $22.94.

Solar Capital (NASDAQ:SLRC) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $36.15 million during the quarter, compared to analyst estimates of $35.95 million. Solar Capital had a return on equity of 7.32% and a net margin of 50.29%. research analysts expect that Solar Capital will post 1.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 22nd will be paid a dividend of $0.41 per share. The ex-dividend date is Wednesday, March 21st. This represents a $1.64 dividend on an annualized basis and a yield of 8.13%. This is an increase from Solar Capital’s previous quarterly dividend of $0.40. Solar Capital’s payout ratio is currently 95.24%.

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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.

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