Solar Capital Ltd. (SLRC) : Dialectic Capital Management Lp reduced its stake in Solar Capital Ltd. by 35.03% during the most recent quarter end. The investment management company now holds a total of 101,500 shares of Solar Capital Ltd. which is valued at $2,036,090 after selling 54,720 shares in Solar Capital Ltd. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Solar Capital Ltd. makes up approximately 1.84% of Dialectic Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Van Eck Associates Corp boosted its stake in SLRC in the latest quarter, The investment management firm added 15,831 additional shares and now holds a total of 136,719 shares of Solar Capital Ltd. which is valued at $2,742,583. Solar Capital Ltd. makes up approx 0.01% of Van Eck Associates Corp’s portfolio.Sunbelt Securities reduced its stake in SLRC by selling 426 shares or 18.03% in the most recent quarter. The Hedge Fund company now holds 1,937 shares of SLRC which is valued at $38,856. Solar Capital Ltd. makes up approx 0.04% of Sunbelt Securities’s portfolio.Chicago Partners Investment Group reduced its stake in SLRC by selling 899 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 79,365 shares of SLRC which is valued at $1,601,586. Solar Capital Ltd. makes up approx 0.75% of Chicago Partners Investment Group’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. closed down -0.15 points or -0.73% at $20.39 with 85,938 shares getting traded on Thursday. Post opening the session at $20.46, the shares hit an intraday low of $20.305 and an intraday high of $20.58 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.