Chicago Partners Investment Group LLC Has $1.89 Million Position in Solar Capital Ltd. (SLRC)

Chicago Partners Investment Group LLC reduced its position in shares of Solar Capital Ltd. (NASDAQ:SLRC) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 94,380 shares of the financial services provider’s stock after selling 785 shares during the period. Chicago Partners Investment Group LLC’s holdings in Solar Capital were worth $1,890,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SLRC. Mirae Asset Global Investments Co. Ltd. bought a new position in Solar Capital during the 3rd quarter valued at about $274,000. California Public Employees Retirement System bought a new position in Solar Capital during the 2nd quarter valued at about $356,000. Coe Capital Management LLC lifted its holdings in Solar Capital by 6.6% during the 3rd quarter. Coe Capital Management LLC now owns 47,120 shares of the financial services provider’s stock valued at $1,007,000 after purchasing an additional 2,900 shares during the last quarter. Pekin Singer Strauss Asset Management IL lifted its holdings in Solar Capital by 15.8% during the 3rd quarter. Pekin Singer Strauss Asset Management IL now owns 118,285 shares of the financial services provider’s stock valued at $2,529,000 after purchasing an additional 16,150 shares during the last quarter. Finally, Cliffwater LLC lifted its holdings in Solar Capital by 61.5% during the 3rd quarter. Cliffwater LLC now owns 143,358 shares of the financial services provider’s stock valued at $3,065,000 after purchasing an additional 54,616 shares during the last quarter. 59.14% of the stock is owned by hedge funds and other institutional investors.

SLRC opened at $20.02 on Friday. 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 stock has a market capitalization of $830.85 million, a price-to-earnings ratio of 12.36, a P/E/G ratio of 2.18 and a beta of 0.69. Solar Capital Ltd. has a 1-year low of $18.45 and a 1-year high of $22.00.

Solar Capital (NASDAQ:SLRC) last posted its quarterly earnings data on Monday, November 5th. The financial services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.03). The company had revenue of $37.01 million during the quarter, compared to analyst estimates of $39.59 million. Solar Capital had a net margin of 48.83% and a return on equity of 8.12%. As a group, equities research analysts forecast that Solar Capital Ltd. will post 1.77 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 4th. Shareholders of record on Thursday, December 20th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 8.19%. The ex-dividend date was Wednesday, December 19th. Solar Capital’s payout ratio is presently 101.23%.

Several equities analysts recently issued reports on SLRC shares. Wells Fargo & Co downgraded shares of Solar Capital from an “outperform” rating to a “market perform” rating in a report on Thursday, October 4th. ValuEngine cut shares of Solar Capital from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Zacks Investment Research cut shares of Solar Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. National Securities restated a “buy” rating and issued a $25.00 price objective on shares of Solar Capital in a research report on Tuesday, November 6th. Finally, BidaskClub upgraded shares of Solar Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $23.50.

In related news, Director Steven Hochberg acquired 5,000 shares of the stock in a transaction 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 transaction, 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 is available through this link. Company insiders own 5.90% of the company’s stock.

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About Solar Capital

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

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