Solar Capital Ltd. (SLRC) Stake Lowered by Muzinich & Co. Inc.

Muzinich & Co. Inc. reduced its stake in Solar Capital Ltd. (NASDAQ:SLRC) by 14.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,639,277 shares of the financial services provider’s stock after selling 270,871 shares during the period. Solar Capital accounts for 4.3% of Muzinich & Co. Inc.’s portfolio, making the stock its 11th largest position. Muzinich & Co. Inc. owned approximately 3.88% of Solar Capital worth $33,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in Solar Capital by 0.3% in the second quarter. Royal Bank of Canada now owns 38,320 shares of the financial services provider’s stock worth $838,000 after buying an additional 116 shares in the last quarter. Northern Trust Corp raised its stake in Solar Capital by 11.7% in the second quarter. Northern Trust Corp now owns 10,412 shares of the financial services provider’s stock worth $228,000 after buying an additional 1,088 shares in the last quarter. OxFORD Asset Management LLP raised its stake in Solar Capital by 3.4% in the third quarter. OxFORD Asset Management LLP now owns 71,054 shares of the financial services provider’s stock worth $1,522,000 after buying an additional 2,352 shares in the last quarter. Global X MANAGEMENT CO LLC raised its stake in Solar Capital by 49.3% in the third quarter. Global X MANAGEMENT CO LLC now owns 9,024 shares of the financial services provider’s stock worth $195,000 after buying an additional 2,981 shares in the last quarter. Finally, Signia Capital Management LLC raised its stake in Solar Capital by 2.5% in the third quarter. Signia Capital Management LLC now owns 134,066 shares of the financial services provider’s stock worth $2,901,000 after buying an additional 3,315 shares in the last quarter. 62.17% of the stock is owned by institutional investors.

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Solar Capital Ltd. (NASDAQ:SLRC) opened at $20.63 on Friday. Solar Capital Ltd. has a one year low of $19.70 and a one year high of $22.94. The firm has a market cap of $878.60, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 2.35 and a beta of 0.55. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59.

Solar Capital (NASDAQ:SLRC) last posted its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. Solar Capital had a net margin of 49.14% and a return on equity of 7.43%. The firm had revenue of $38.91 million for the quarter, compared to analysts’ expectations of $37.65 million. equities research analysts expect that Solar Capital Ltd. will post 1.77 EPS for the current fiscal year.

A number of equities analysts have weighed in on SLRC shares. BidaskClub downgraded shares of Solar Capital from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 7th. JMP Securities raised shares of Solar Capital from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 16th. Keefe, Bruyette & Woods raised shares of Solar Capital from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research note on Friday, January 12th. Zacks Investment Research raised shares of Solar Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. Finally, National Securities reaffirmed a “buy” rating and set a $25.00 target price on shares of Solar Capital in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Solar Capital currently has a consensus rating of “Hold” and an average target price of $23.67.

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Solar Capital Profile

Solar Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests in privately held the United States middle market companies.

Institutional Ownership by Quarter for Solar Capital (NASDAQ:SLRC)

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