Solar Senior Capital Ltd Receives a Buy from Maxim Group

In a report released today, Michael Diana from Maxim Group reiterated a Buy rating on Solar Senior Capital Ltd (NASDAQ: SUNS), with a price target of $18.50. The company’s shares opened today at $16.94.

Diana noted:

“1Q18 net investment income (NII) of $0.35/share matched its $0.35 dividend. With (1) asset-based lending (ABL) comprising 40% of SUNS’ comprehensive investment portfolio, (2) low leverage, and (3) 95% floating-rate loans, SUNS appears to be very well-positioned for the current environment. We maintain our 2018 EPS estimate of $1.41, and our price target of $18.50, which equates to 1.1x NAV, inline with best-in-class BDCs. SUNS is our top BDC pick, especially for retail investors, based on its credit risk and interest rate risk profiles..”

According to TipRanks.com, Diana is a 5-star analyst with an average return of 6.9% and a 63.5% success rate. Diana covers the Financial sector, focusing on stocks such as Manhattan Bridge Capital Inc, Arlington Asset Investment, and Westamerica Bancorporation.

Solar Senior Capital Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $18.25.

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The company has a one-year high of $18.40 and a one-year low of $16.10. Currently, Solar Senior Capital Ltd has an average volume of 38.04K.

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Solar Senior Capital Ltd, a business development company, invests in middle market companies across the globe, primarily in the US with EBITDA of $20 – $100 million. The fund targets companies operating in the fields of diversified financial services, communications equipment, insurance, health care services, software, food products, specialty retail, professional services, internet software & services, air freight & logistics distributors, IT services, automotive retail, healthcare technology, hotels, restaurants & leisure, containers & packaging, capital markets, footwear, aerospace & defense industrial conglomerates and diversified consumer services. It provides financing in the form of senior secured loans, mezzanine loans and equity securities with an investment size of $5 – $30 million. It also makes public investments.