Solar Capital Ltd. (SLRC) : Pvg Asset Management reduced its stake in Solar Capital Ltd. by 3.61% during the most recent quarter end. The investment management company now holds a total of 396,369 shares of Solar Capital Ltd. which is valued at $7,951,162 after selling 14,831 shares in Solar Capital Ltd. , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Solar Capital Ltd. makes up approximately 3.15% of Pvg Asset Management’s portfolio.
Other Hedge Funds, Including , Menta Capital reduced its stake in SLRC by selling 37,122 shares or 47.77% in the most recent quarter. The Hedge Fund company now holds 40,583 shares of SLRC which is valued at $814,095. Solar Capital Ltd. makes up approx 0.11% of Menta Capital’s portfolio. Dynamic Technology Lab Private Ltd added SLRC to its portfolio by purchasing 11,418 company shares during the most recent quarter which is valued at $229,045. Solar Capital Ltd. makes up approx 0.06% of Dynamic Technology Lab Private Ltd’s portfolio. Tower Research Capital (trc) added SLRC to its portfolio by purchasing 676 company shares during the most recent quarter which is valued at $13,561.State Of New Jersey Common Pension Fund D boosted its stake in SLRC in the latest quarter, The investment management firm added 65,000 additional shares and now holds a total of 600,000 shares of Solar Capital Ltd. which is valued at $12,282,000. Solar Capital Ltd. makes up approx 0.05% of State Of New Jersey Common Pension Fund D’s portfolio.
Solar Capital Ltd. opened for trading at $20.35 and hit $20.51 on the upside on Monday, eventually ending the session at $20.5, with a gain of 1.13% or 0.23 points. The heightened volatility saw the trading volume jump to 1,09,796 shares. Company has a market cap of $866 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.