Solar Senior Capital Ltd (SUNS) was Downgraded by Ladenburg Thalmann to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Ladenburg Thalmann advised their investors in a research report released on Aug 4, 2016.
Solar Senior Capital Ltd opened for trading at $16.84 and hit $16.84 on the upside on Tusday, eventually ending the session at $16.78, with a gain of 0.30% or 0.05 points. The heightened volatility saw the trading volume jump to 37,147 shares. Company has a market cap of $194 M.
In a different news, on May 13, 2016, Steven Hochberg (director) purchased 12,500 shares at $15.49 per share price. According to the SEC, 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).