Raymond James analyst Robert Dodd maintained a Buy rating on Solar Capital (SLRC) yesterday. The company’s shares closed last Thursday at $16.72.
According to TipRanks.com, Dodd is a 4-star analyst with an average return of 4.8% and a 66.5% success rate. Dodd covers the Financial sector, focusing on stocks such as First Eagle Alternative Capital BDC, Investcorp Credit Management BDC, and Sixth Street Specialty Lending.
Solar Capital has an analyst consensus of Strong Buy, with a price target consensus of $18.50.
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Based on Solar Capital’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $55.88 million and net profit of $54.05 million. In comparison, last year the company earned revenue of $21.45 million and had a net profit of $19.63 million.
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Solar Capital Ltd. is a closed-ened, externally managerd, non-diversified management investment company. The firm invests in in privately held U.S. middle-market companies. Its objective is to generate both current income and capital appreciation through debt and equity investments. The company was founded on November 2007 and is headquartered in New York, NY.
