Should You Sell Solar Capital Ltd. Based On Current Broker Views?

Cornelia Mascio
Marzo 21, 2017

JA Solar Holdings Co. Yorktown Management & Research Co Inc raised its position in Solar Capital by 60.3% in the third quarter. Advisory Research Inc. now owns 250,953 shares of the company's stock valued at $5,225,000 after buying an additional 139,829 shares during the last quarter.

According to the latest research reports released, 0 analysts have issued a rating of "buy", 0 analysts "outperform", 2 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Finally, Renaissance Technologies LLC bought a new position in shares of JA Solar Holdings Co. during the fourth quarter valued at about $896,000.

09/30/2015 - D.A. Davidson began new coverage on Solar Capital Ltd. giving the company a "buy" rating. Advisory Research Inc. raised its position in Solar Capital by 125.8% in the fourth quarter. Guggenheim Capital LLC now owns 1,319,294 shares of the company's stock valued at $6,281,000 after buying an additional 28,075 shares during the period. The 52-week high of JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) is $9.1 and the 52-week low is $4.42. Advisors Asset Management Inc. now owns 326,948 shares of the company's stock worth $6,709,000 after buying an additional 79,964 shares during the last quarter.

Solar Capital Ltd. has a 12-month low of $16.87 and a 12-month high of $22.54. (NASDAQ:SLRC) opened at 22.22 on Friday. The firm has a market cap of $938.75 million, a PE ratio of 8.79 and a beta of 0.44. The firm has a 50 day moving average of $4.90 and a 200-day moving average of $5.51.

Ltd. (NASDAQ:JASO)'s share price rose 2.4% during trading on Friday following a better than expected earnings announcement. Solar Capital had a net margin of 50.98% and a return on equity of 7.83%. Equities research analysts anticipate that Solar Capital Ltd. will post $1.76 earnings per share for the current fiscal year. Stockholders of record on Thursday, March 23rd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.20%.

Solar Capital Ltd. was downgraded to "neutral" by analysts at Ladenburg Thalmann.

A number of analysts have recently weighed in on the company. Zacks Investment Research reports SLRC's forecasted earnings growth in 2017 as 5.16%, compared to an industry average of -1.1%. National Securities raised their target price on Solar Capital from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, February 27th. They noted that the move was a valuation call. Compass Point began coverage on Solar Capital in a research note on Tuesday, January 3rd. They set a "buy" rating and a $22.40 target price for the company.

Ltd. had its "sell" rating reiterated by analysts at Axiom Capital.

In other Solar Capital news, insider Michael S. Gross purchased 19,666 shares of the firm's stock in a transaction that occurred on Thursday, March 2nd. The company had a trading volume of 25,436 shares. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Stock has got OUTPERFORM rating from 5 analysts of Thomson Reuters, 13 analysts given HOLD rating to the stock and 1 given UNDERPERFORM rating.

Solar Capital Ltd.is a management investment company.

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