Short Interest to Follow: After Reaching Milestone, Is Solar Capital Limited (NASDAQ:SLRC)’s Short Interest Revealing Something?

November 16, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest to Follow: After Reaching Milestone, Is Solar Capital Limited (NASDAQ:SLRC)’s Short Interest Revealing Something?

The stock of Solar Capital Limited (NASDAQ:SLRC) registered a decrease of 4.4% in short interest. SLRC’s total short interest was 206,200 shares in November as published by FINRA. Its down 4.4% from 215,700 shares, reported previously. With 123,900 shares average volume, it will take short sellers 2 days to cover their SLRC’s short positions. The stock decreased 0.87% or $0.18 during the last trading session, hitting $20.55. Solar Capital Ltd. (NASDAQ:SLRC) has risen 19.41% since April 14, 2016 and is uptrending. It has outperformed by 14.72% the S&P500.

Solar Capital Ltd. is a management investment company. The company has a market cap of $840.24 million. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It has a 11.6 P/E ratio. It invests in the United States middle market companies.

Insitutional Activity: The institutional sentiment increased to 1.46 in 2016 Q2. Its up 0.41, from 1.05 in 2016Q1. The ratio improved, as 10 funds sold all Solar Capital Ltd. shares owned while 27 reduced positions. 15 funds bought stakes while 39 increased positions. They now own 22.71 million shares or 3.20% more from 22.00 million shares in 2016Q1.
Bank & Trust Of Montreal Can, a Ontario – Canada-based fund reported 238,000 shares. Signia Management Ltd Com accumulated 47,568 shares or 2.87% of the stock. Macquarie Grp Inc reported 22,137 shares or 0% of all its holdings. X Mgmt Commerce Ltd Liability Corporation holds 1,687 shares or 0% of its portfolio. Moreover, Advsr Asset has 0.08% invested in Solar Capital Ltd. (NASDAQ:SLRC) for 246,984 shares. The Illinois-based Keeley Asset Mngmt has invested 0.09% in Solar Capital Ltd. (NASDAQ:SLRC). Thrivent Fincl For Lutherans has 0.03% invested in the company for 339,525 shares. Morgan Stanley accumulated 292,413 shares or 0% of the stock. Aristotle Cap Boston Ltd Liability Company has 0.94% invested in the company for 220,591 shares. Neville Rodie And Shaw Incorporated accumulated 48,500 shares or 0.11% of the stock. Boyle Capital Mgmt Limited, a Iowa-based fund reported 38,052 shares. Jbf Inc accumulated 5,000 shares or 0.01% of the stock. Commonwealth Equity holds 0% or 15,442 shares in its portfolio. Moreover, Yorktown Mngmt Incorporated has 2.73% invested in Solar Capital Ltd. (NASDAQ:SLRC) for 630,000 shares. Tower Research Ltd Llc (Trc) owns 676 shares or 0% of their US portfolio.

Solar Capital Ltd. (NASDAQ:SLRC) Ratings Coverage

Out of 4 analysts covering Solar Capital (NASDAQ:SLRC), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Solar Capital has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Ladenburg Thalmann upgraded Solar Capital Ltd. (NASDAQ:SLRC) on Thursday, August 6 to “Buy” rating. The company was maintained on Thursday, February 25 by Deutsche Bank. As per Tuesday, August 16, the company rating was maintained by Citigroup. On Wednesday, August 5 the stock rating was maintained by National Securities with “Buy”. The rating was maintained by Citigroup with “Neutral” on Wednesday, March 30. The firm has “Buy” rating by Deutsche Bank given on Thursday, August 4. The firm has “Buy” rating by DA Davidson given on Wednesday, September 30.

SLRC Company Profile

Solar Capital Ltd., incorporated on January 17, 2007, is a management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. The Firm invests in the United States middle market companies. The Firm invests primarily in leveraged middle markets companies in the form of senior secured loans, mezzanine loans and equity securities. The Firm is focused primarily on the direct origination of investments through portfolio companies or financial sponsors. The Company’s investments range from $5 million to $100 million. The Firm invests a portion of its portfolio in other types of investments, which it refers to as opportunistic investments, which are not its primary focus but are intended to enhance its overall returns. It is managed by Solar Capital Partners, LLC (Solar Capital Partners). The Company’s investment portfolio totals approximately $1.3 billion and net asset value is over $882.7 million.

More news for Solar Capital Ltd. (NASDAQ:SLRC) were recently published by: Reuters.com, which released: “BRIEF-Solar Capital Ltd declares Q4 distribution of $0.40/share” on November 02, 2016. Businesswire.com‘s article titled: “Fitch Affirms Solar Capital Ltd at ‘BBB-‘; Outlook Revised to Stable” and published on March 09, 2016 is yet another important article.

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By Winifred Garcia


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