Solar Capital Ltd. (SLRC) : Founders Financial Securities reduced its stake in Solar Capital Ltd. by 1.75% during the most recent quarter end. The investment management company now holds a total of 20,589 shares of Solar Capital Ltd. which is valued at $397,574 after selling 366 shares in Solar Capital Ltd. , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.Solar Capital Ltd. makes up approximately 0.18% of Founders Financial Securities’s portfolio.
Other Hedge Funds, Including , Berson Corrado Investment Advisors reduced its stake in SLRC by selling 50 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 22,160 shares of SLRC which is valued at $427,910. Solar Capital Ltd. makes up approx 0.16% of Berson Corrado Investment Advisors’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in SLRC in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 75 shares of Solar Capital Ltd. which is valued at $1,448.
Solar Capital Ltd. opened for trading at $19.29 and hit $19.47 on the upside on Wednesday, eventually ending the session at $19.35, with a gain of 0.42% or 0.08 points. The heightened volatility saw the trading volume jump to 39,411 shares. Company has a market cap of $818 M.
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.