Solar Capital (NASDAQ:SLRC) is set to post its quarterly earnings results after the market closes on Thursday, February 21st. Analysts expect Solar Capital to post earnings of $0.43 per share for the quarter.
Shares of SLRC stock opened at $20.85 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $880.72 million, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 2.32 and a beta of 0.71. Solar Capital has a fifty-two week low of $18.45 and a fifty-two week high of $22.00.
In other Solar Capital news, Director Steven Hochberg acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The stock was purchased at an average price of $20.35 per share, for a total transaction of $101,750.00. Following the completion of the acquisition, the director now owns 25,000 shares of the company’s stock, valued at approximately $508,750. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.90% of the company’s stock.
A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Solar Capital from a “hold” rating to a “sell” rating in a report on Thursday, December 20th. BidaskClub cut shares of Solar Capital from a “strong-buy” rating to a “buy” rating in a report on Monday, February 4th. Finally, Oppenheimer assumed coverage on shares of Solar Capital in a report on Wednesday, November 28th. They issued a “buy” rating and a $23.00 price objective for the company. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $23.67.
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Solar Capital Company Profile
Solar Capital Ltd. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, and strategic income-oriented control equity investments in leveraged middle market companies. The fund invests in aerospace and defense; air freight & logistics; asset management; automotive; banking; beverage, food and tobacco; building products; buildings and real estate; broadcasting and entertainment; cargo transport; commercial services and supplies; communications equipment; chemicals, plastics and rubber; containers, packaging and glass; construction & engineering; diversified/conglomerate manufacturing; consumer Finance; distributors; diversified/conglomerate services; diversified financial services; diversified real estate sctivities; food products; Footwear; Education Services; diversified telecommunications services; electronics; farming and agriculture; finance; grocery; health care equipment and supplies; health care facilities; education and childcare; home and office furnishing, durable consumer products; hotels, motels, inns and gaming; insurance; restaurants, leisure, amusement, and entertainment; leisure equipment tolls and services, media, multiline retail, multi sector holdings; paper and forest products; personal products; professional services, research and consulting services, software; specialty retail; textiles apparel and luxury goods, thrifts and mortgage finance, trading companies and distributors, utilities, and wireless telecommunication services; industrial conglomerates; internet software and services, IT services, machinery; mining, steel, iron, and non precious metals; oil and gas; personal, food and miscellaneous services; printing and publishing; retail stores; telecommunications; textiles and leather; and utilities.
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