Solar Capital Ltd. (SLRC) : Muzinich scooped up 180,419 additional shares in Solar Capital Ltd. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 582,746 shares of Solar Capital Ltd. which is valued at $10,122,298.Solar Capital Ltd. makes up approximately 4.44% of Muzinich’s portfolio.
Solar Capital Ltd. closed down -0.13 points or -0.75% at $17.24 with 87,740 shares getting traded on Monday. Post opening the session at $17.39, the shares hit an intraday low of $17.16 and an intraday high of $17.44 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Benjamin F. Edwards Company reduced its stake in SLRC by selling 535 shares or 54.31% in the most recent quarter. The Hedge Fund company now holds 450 shares of SLRC which is valued at $7,817.Founders Financial Securities boosted its stake in SLRC in the latest quarter, The investment management firm added 2,731 additional shares and now holds a total of 20,955 shares of Solar Capital Ltd. which is valued at $363,988. Solar Capital Ltd. makes up approx 0.17% of Founders Financial Securities’s portfolio.Creative Planning reduced its stake in SLRC by selling 484 shares or 22.93% in the most recent quarter. The Hedge Fund company now holds 1,627 shares of SLRC which is valued at $27,984.Eagle Boston Investment Management Inc boosted its stake in SLRC in the latest quarter, The investment management firm added 8,868 additional shares and now holds a total of 313,816 shares of Solar Capital Ltd. which is valued at $5,397,635. Solar Capital Ltd. makes up approx 0.76% of Eagle Boston Investment Management Inc’s portfolio.Berson Corrado Investment Advisors reduced its stake in SLRC by selling 6,360 shares or 22.26% in the most recent quarter. The Hedge Fund company now holds 22,210 shares of SLRC which is valued at $382,012. Solar Capital Ltd. makes up approx 0.24% of Berson Corrado Investment Advisors’s portfolio.
Many Wall Street Analysts have commented on Solar Capital Ltd.. Shares were Reiterated by Deutsche Bank on Feb 25, 2016 to “Buy” and Lowered the Price Target to $ 23 from a previous price target of $23.50 .
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.