Solar Capital Ltd. (SLRC) : Wescap Management Group reduced its stake in Solar Capital Ltd. by 23.37% during the most recent quarter end. The investment management company now holds a total of 288,355 shares of Solar Capital Ltd. which is valued at $5,784,401 after selling 87,941 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 2.73% of Wescap Management Group’s portfolio.
Other Hedge Funds, Including , Boyle Capital Management added SLRC to its portfolio by purchasing 38,052 company shares during the most recent quarter which is valued at $763,323. Solar Capital Ltd. makes up approx 0.84% of Boyle Capital Management’s portfolio. Edmond De Rothschild (suisse) S.a. added SLRC to its portfolio by purchasing 40,873 company shares during the most recent quarter which is valued at $819,912. Solar Capital Ltd. makes up approx 0.26% of Edmond De Rothschild (suisse) S.a.’s portfolio.Sumitomo Mitsui Asset Management Company Ltd reduced its stake in SLRC by selling 7,724 shares or 9.68% in the most recent quarter. The Hedge Fund company now holds 72,045 shares of SLRC which is valued at $1,458,911. Solar Capital Ltd. makes up approx 0.04% of Sumitomo Mitsui Asset Management Company Ltd’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.