Solar Senior Capital Ltd(NASDAQ:SUNS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $7.165M. Analysts estimated a revenue of $7.190M. The revenues were -0.35% below the estimates. Earnings per share were $0.35. The reported EPS was below estimates by -2.78%. Analysts had estimated an EPS of $0.36.
Solar Senior Capital Ltd (SUNS) made into the market gainers list on Wednesdays trading session with the shares advancing 0.06% or 0.01 points. Due to strong positive momentum, the stock ended at $17.46, which is also near the day’s high of $17.46. The stock began the session at $17.46 and the volume stood at 56,321 shares. The 52-week high of the shares is $17.5 and the 52 week low is $13.04. The company has a current market capitalization of $280 M and it has 1,60,25,011 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On May 13, 2016, Steven Hochberg (director) purchased 12,500 shares at $15.49 per share price.Also, On Mar 10, 2016, Michael S Gross (director officer ) purchased 5,344 shares at $13.90 per share price.On Dec 11, 2015, Bruce J Spohler (director officer ) purchased 2,400 shares at $14.82 per share price, according to the Form-4 filing with the securities and exchange commission.
Solar Senior Capital Ltd. (SUNS) is a closed-end externally managed non-diversified management investment company. SUNS’ investment objective is to seek to maximize current income consistent with the preservation of capital. The Company invests primarily in the United States middle market companies. The Company invests in senior loans including first lien and second lien debt instruments and in debt of public companies that are thinly traded. The Company invests in senior loans made primarily to private leveraged middle-market companies with approximately $20 million to $100 million of earnings before interest taxes depreciation and amortization (EBITDA). SUNS’ investments consist of cash cash equivalents the United States Government securities or investment grade debt securities maturing in one year or less from the time of investment (collectively referred to as temporary investments). The Company is managed by Solar Capital Partners LLC (Solar Capital Partners).