Founders Financial Securities Lowers stake in Solar Capital Ltd. (SLRC)

Solar Capital Ltd. (SLRC) : Founders Financial Securities reduced its stake in Solar Capital Ltd. by 36.8% during the most recent quarter end. The investment management company now holds a total of 13,012 shares of Solar Capital Ltd. which is valued at $265,185 after selling 7,577 shares in Solar Capital Ltd. , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Solar Capital Ltd. makes up approximately 0.11% of Founders Financial Securities’s portfolio.

Other Hedge Funds, Including ,

Solar Capital Ltd. closed down -0.04 points or -0.20% at $20.38 with 83,820 shares getting traded on Friday. Post opening the session at $20.5, the shares hit an intraday low of $20.35 and an intraday high of $20.5058 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Solar Capital Ltd. is a closed-end externally managed non-diversified management investment company that has elected to be treated as a business development company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. The Company invests primarily in leveraged middle markets companies in the form of senior secured loans mezzanine loans and equity securities. The Company is focused primarily on the direct origination of investments through portfolio companies or financial sponsors. The Company’s investments generally range from $5 million to $100 million each although it expects that this investment size may vary proportionately with the size of its capital base and/or strategic initiatives. The Company is managed by Solar Capital Partners LLC (Solar Capital Partners) which provides the administrative services.

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