Analysts expect Solar Senior Capital Ltd (NASDAQ:SUNS) to report $0.35 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Solar Senior Capital’s earnings. Solar Senior Capital also reported earnings per share of $0.35 during the same quarter last year. The firm is expected to issue its next quarterly earnings report on Tuesday, August 7th.
According to Zacks, analysts expect that Solar Senior Capital will report full-year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $1.39 to $1.41. For the next fiscal year, analysts expect that the business will report earnings of $1.42 per share, with EPS estimates ranging from $1.40 to $1.44. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Solar Senior Capital.
Solar Senior Capital (NASDAQ:SUNS) last issued its quarterly earnings data on Monday, May 7th. The asset manager reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $9.34 million for the quarter, compared to analyst estimates of $9.54 million. Solar Senior Capital had a net margin of 67.60% and a return on equity of 8.38%.
SUNS traded up $0.13 on Friday, hitting $16.81. The company had a trading volume of 54,700 shares, compared to its average volume of 41,364. The firm has a market cap of $267.07 million, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 2.37 and a beta of 0.60. Solar Senior Capital has a 1 year low of $16.10 and a 1 year high of $18.40.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Thursday, June 21st will be paid a dividend of $0.1175 per share. The ex-dividend date is Wednesday, June 20th. This is a positive change from Solar Senior Capital’s previous monthly dividend of $0.12. This represents a $1.41 dividend on an annualized basis and a yield of 8.39%. Solar Senior Capital’s dividend payout ratio is 100.00%.
A number of large investors have recently modified their holdings of SUNS. Ramsey Quantitative Systems purchased a new stake in Solar Senior Capital during the fourth quarter worth about $119,000. Stratos Wealth Partners LTD. purchased a new stake in Solar Senior Capital during the first quarter worth about $126,000. Macquarie Group Ltd. increased its stake in Solar Senior Capital by 939.0% during the fourth quarter. Macquarie Group Ltd. now owns 10,390 shares of the asset manager’s stock worth $185,000 after purchasing an additional 9,390 shares during the period. Two Sigma Investments LP increased its stake in Solar Senior Capital by 55.0% during the fourth quarter. Two Sigma Investments LP now owns 34,156 shares of the asset manager’s stock worth $607,000 after purchasing an additional 12,118 shares during the period. Finally, Millennium Management LLC increased its stake in Solar Senior Capital by 120.6% during the fourth quarter. Millennium Management LLC now owns 38,580 shares of the asset manager’s stock worth $685,000 after purchasing an additional 21,095 shares during the period. Institutional investors own 25.64% of the company’s stock.
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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