Solar Senior Capital Ltd (NASDAQ:SUNS) insider Bruce J. Spohler purchased 5,113 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were bought at an average cost of $16.74 per share, for a total transaction of $85,591.62. Following the acquisition, the insider now owns 4,000 shares of the company’s stock, valued at $66,960. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of Solar Senior Capital Ltd (NASDAQ SUNS) opened at $16.67 on Wednesday. The company has a market cap of $267.30, a PE ratio of 11.42, a P/E/G ratio of 2.38 and a beta of 0.62. Solar Senior Capital Ltd has a 12-month low of $16.10 and a 12-month high of $18.46.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 22nd will be given a $0.1175 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $1.41 dividend on an annualized basis and a yield of 8.46%. This is an increase from Solar Senior Capital’s previous monthly dividend of $0.12. Solar Senior Capital’s dividend payout ratio (DPR) is presently 96.58%.
A number of large investors have recently made changes to their positions in the stock. West Family Investments Inc. lifted its position in Solar Senior Capital by 0.9% in the fourth quarter. West Family Investments Inc. now owns 500,309 shares of the asset manager’s stock valued at $8,886,000 after purchasing an additional 4,700 shares during the period. OxFORD Asset Management LLP lifted its position in Solar Senior Capital by 24.8% in the third quarter. OxFORD Asset Management LLP now owns 33,478 shares of the asset manager’s stock valued at $583,000 after purchasing an additional 6,644 shares during the period. Ramsey Quantitative Systems acquired a new stake in Solar Senior Capital in the fourth quarter valued at about $119,000. AXA lifted its position in Solar Senior Capital by 17.5% in the fourth quarter. AXA now owns 47,569 shares of the asset manager’s stock valued at $845,000 after purchasing an additional 7,100 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in Solar Senior Capital by 18.4% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 50,673 shares of the asset manager’s stock valued at $874,000 after purchasing an additional 7,860 shares during the period. Hedge funds and other institutional investors own 28.46% of the company’s stock.
A number of equities research analysts recently commented on the stock. BidaskClub upgraded shares of Solar Senior Capital from a “strong sell” rating to a “sell” rating in a research report on Friday, March 2nd. Zacks Investment Research downgraded shares of Solar Senior Capital from a “hold” rating to a “sell” rating in a research report on Friday, January 5th.
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.