Q4 2017 Sentiment Solar Capital LTD (NASDAQ:SLRC)

April 17, 2018 - By Vivian Currie

Sentiment for Solar Capital LTD (NASDAQ:SLRC)

Solar Capital LTD (NASDAQ:SLRC) institutional sentiment decreased to 1.13 in 2017 Q4. Its down -0.10, from 1.23 in 2017Q3. The ratio has dropped, as 44 investment professionals started new or increased equity positions, while 39 reduced and sold holdings in Solar Capital LTD. The investment professionals in our partner’s database reported: 24.35 million shares, down from 24.73 million shares in 2017Q3. Also, the number of investment professionals holding Solar Capital LTD in their top 10 equity positions decreased from 2 to 1 for a decrease of 1. Sold All: 10 Reduced: 29 Increased: 33 New Position: 11.

Solar Capital Ltd. is a business development firm specializing in secured debt , subordinated (unsecured) debt, minority equity, and strategic income-oriented control equity investments in leveraged middle market companies. The company has market cap of $864.66 million. 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; gas and oil; personal, food and miscellaneous services; printing and publishing; retail stores; telecommunications; textiles and leather; and utilities. It has a 12.19 P/E ratio. It also invests in life sciences with focus on specialty pharmaceuticals, medical devices, biotech, health Care Providers and services; health Care technology, enabling technologies and tools.

The stock decreased 0.20% or $0.04 during the last trading session, reaching $20.46. About 24,156 shares traded. Solar Capital Ltd. (NASDAQ:SLRC) has declined 7.76% since April 17, 2017 and is downtrending. It has underperformed by 19.31% the S&P500.

Analysts await Solar Capital Ltd. (NASDAQ:SLRC) to report earnings on May, 1. They expect $0.44 EPS, up 12.82 % or $0.05 from last year’s $0.39 per share. SLRC’s profit will be $18.59M for 11.63 P/E if the $0.44 EPS becomes a reality. After $0.44 actual EPS reported by Solar Capital Ltd. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Muzinich & Co. Inc. holds 4.3% of its portfolio in Solar Capital Ltd. for 1.64 million shares. Signia Capital Management Llc owns 133,390 shares or 2.86% of their US portfolio. Moreover, West Family Investments Inc. has 2.52% invested in the company for 487,013 shares. The Switzerland-based Partners Group Holding Ag has invested 1.43% in the stock. Clough Capital Partners L P, a Massachusetts-based fund reported 799,231 shares.#img1#

Solar Capital Ltd. (NASDAQ:SLRC) Ratings Coverage

Ratings analysis reveals 100% of Solar Capital Ltd’s analysts are positive. Out of 4 Wall Street analysts rating Solar Capital Ltd, 4 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $23.0 while the high is $23.0. The stock’s average target of $23 is 12.41% above today’s ($20.46) share price. SLRC was included in 5 notes of analysts from October 22, 2017. The stock of Solar Capital Ltd. (NASDAQ:SLRC) earned “Market Outperform” rating by JMP Securities on Tuesday, January 16. The rating was upgraded by Keefe Bruyette & Woods on Friday, January 12 to “Buy”. The stock has “Outperform” rating by Wood on Friday, January 12. Ladenburg Thalmann upgraded the shares of SLRC in report on Monday, November 6 to “Buy” rating. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Sunday, October 22.

Solar Capital Ltd. (NASDAQ:SLRC) Institutional Positions Chart

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