Solar Capital Ltd. (SLRC): Steven Hochberg , director of Solar Capital Ltd. purchased 12,000 shares on May 11, 2016. The Insider buying transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $18.33 per share for a total value of $219,893.44 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 2, 2016, Michael S Gross (director officer ) purchased 49,580 shares at $17.25 per share price.On Mar 1, 2016, David Wachter (director) purchased 5,000 shares at $16.90 per share price.Also, On Dec 11, 2015, Richard Peteka (officer ) purchased 6,000 shares at $16.70 per share price.On Dec 11, 2015, Bruce J Spohler (director officer ) purchased 9,500 shares at $16.95 per share price.
Solar Capital Ltd.: On Tuesday, May 10, 2016 heightened volatility was witnessed in Solar Capital Ltd. which led to swings in the share price. The shares opened for trading at $18.37 and hit $18.42 on the upside , eventually ending the session at $18.39, with a gain of 0.82% or 0.15 points. The heightened volatility saw the trading volume jump to 1,42,224 shares. The 52-week high of the share price is $19.42 and the company has a market cap of $777 M . The 52-week low of the share price is at $15.05.
Company has been under the radar of several Street Analysts.Solar Capital Ltd. is Reiterated by Deutsche Bank to Buy while Lowering the Price Target of the company shares to $ 23 from a previous price target of $23.50 . The Rating was issued on Feb 25, 2016.
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.