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Solar Senior Capital Ltd. - SUNS | ValueForum Member Stock Ratings

Last rating update for SUNS was made by a ValueForum member on Feb. 19 2013, 8:26 PM ET. Factoring this and past ratings, on average SUNS is rated 3.00 on a scale of Strong Buy (1.00) to Strong Sell (5.00) by 1 different member(s) of ValueForum.com. Full rating pages available to members only (click here) contain additional rating information including commentary by the 1 member(s) who entered the ratings. These ratings are posted by site users; this content is not intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by ValueForum.com

SOLAR SENIOR CAPITAL LTD. (NASD: SUNS)
Last Trade
4:00 p.m. - 15.54
Change
 0.12 ( 0.78%)
Shares Traded
370
Day's Volume
33,257
Book Value
NA
Price/Book
NA
Beta
0.8537
Day's Range
15.33 - 15.59
Prev Close
15.42
Open
15.42
52 Wk Range
6.30 - 18.29
EPS
1.43
PE
10.87
Monthly Div/Shr
0.10
Ex-Div
01/22/21
Yield
7.72%
Shares Out.
16.05M
Market Cap.
249.40M
  • 1 Year Stock Performance:

CAGR - Chart the growth of a $10K investment in SUNS

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Related news from
Fri, 08 Jan 2021
21:30:00 +0000
Solar Senior Capital Ltd. Schedules the Release of its Financial Results for the Quarter and Fiscal Year Ended December 31, 2020
NEW YORK, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Solar Senior Capital Ltd. (the “Company”) (NASDAQ: SUNS) today announced that it will release its financial results for the quarter and fiscal year ended December 31, 2020 on Wednesday, February 24, 2021 after the close of the financial markets. The Company will host an earnings conference call and audio webcast at 11:00 a.m. (Eastern Time) on Thursday, February 25, 2021.All interested parties may participate in the conference call by dialing (844) 889-7785 approximately 5-10 minutes prior to the call, international callers should dial (661) 378-9929. Participants should reference Solar Senior Capital Ltd. and the participant passcode of 1664706 when prompted. A telephone replay will be available until March 11, 2021 and can be accessed by dialing (855) 859-2056 and using the passcode 1664706. International callers should dial (404) 537-3406. This conference call will also be broadcast live over the Internet and can be accessed by all interested parties through Solar Senior Capital’s website, www.solarseniorcap.com. To listen to the webcast, please go to the Company's website prior to the start of the call to register and download any necessary audio software. For those who are not able to listen to the live broadcast, a replay of the webcast will be available soon after the call.ABOUT SOLAR SENIOR CAPITAL LTD.Solar Senior Capital Ltd. is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. A specialty finance company with expertise in several niche markets, the Company primarily invests directly and indirectly in leveraged, U. S. middle market companies primarily in the form of cash flow first lien senior secured debt instruments and asset-based loans including senior secured loans collateralized on a first lien basis primarily by current assets.Contact:Solar Senior Capital Ltd. Richard Pivirotto 646-308-8770
Fri, 08 Jan 2021
13:00:00 +0000
Solar Senior Capital Ltd. Announces Monthly Distribution of $0.10 Per Share for January 2021
NEW YORK, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Solar Senior Capital Ltd. (the “Company”) (NASDAQ: SUNS) declared a distribution of $0.10 per share for the month of January 2021. The distribution is payable on February 2, 2021 to stockholders of record as of January 25, 2021. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year. ABOUT SOLAR SENIOR CAPITAL LTD.Solar Senior Capital Ltd. is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. A specialty finance company with expertise in several niche markets, the Company generally invests directly and indirectly in leveraged, U. S. middle market companies primarily in the form of cash flow senior secured loans, including first lien loans, and asset-based loans collateralized on a first lien basis primarily by current assets.FORWARD-LOOKING STATEMENTSStatements included herein may constitute “forward-looking statements,” which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties, including the impact of COVID-19 and related changes in base interest rates and significant market volatility on our business, our portfolio companies, our industry and the global economy. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Solar Senior Capital Ltd. undertakes no duty to update any forward-looking statements made herein, unless required to do so by law.Contact: Solar Senior Capital Ltd. Investor Relations 646-308-8770
Fri, 18 Dec 2020
15:14:57 +0000
Ex-Dividend Date Insight: Solar Senior Capital
Solar Senior Capital (NASDAQ:SUNS) declared a dividend payable on January 5, 2021 to its shareholders as of December 8, 2020. It was also announced that shareholders of Solar Senior Capital's stock as of December 22, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Solar Senior Capital, whose current dividend payout is $0.1, has an ex-dividend date set at December 21, 2020. The payout equates to a dividend yield of 8.26% at current price levels.Understanding Ex-Dividend Dates'Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.Solar Senior Capital's Dividend History Over the past year, Solar Senior Capital has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on August 19, 2020 the company's payout was $0.1, which has returned to its value today. Solar Senior Capital's dividend yield last year was 9.25%, which has since decreased by 0.99%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.To read more news on Solar Senior Capital click here.See more from Benzinga * Click here for options trades from Benzinga * Ex-Dividend Date Insight: Barings Global Short * Evaluating The Safety Of FactSet Research Systems's Dividend(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tue, 08 Dec 2020
13:00:00 +0000
Solar Senior Capital Ltd. Announces Monthly Distribution of $0.10 Per Share for December 2020
NEW YORK, Dec. 08, 2020 (GLOBE NEWSWIRE) -- Solar Senior Capital Ltd. (the “Company”) (NASDAQ: SUNS) declared a distribution of $0.10 per share for the month of December 2020. The distribution is payable on January 5, 2021 to stockholders of record as of December 22, 2020. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year. ABOUT SOLAR SENIOR CAPITAL LTD.Solar Senior Capital Ltd. is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. A specialty finance company with expertise in several niche markets, the Company generally invests directly and indirectly in leveraged, U. S. middle market companies primarily in the form of cash flow senior secured loans, including first lien loans, and asset-based loans collateralized on a first lien basis primarily by current assets.FORWARD-LOOKING STATEMENTSStatements included herein may constitute “forward-looking statements,” which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties, including the impact of COVID-19 and related changes in base interest rates and significant market volatility on our business, our portfolio companies, our industry and the global economy. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Solar Senior Capital Ltd. undertakes no duty to update any forward-looking statements made herein, unless required to do so by law.Contact: Solar Senior Capital Ltd. Investor Relations 646-308-8770
Sat, 07 Nov 2020
00:01:14 +0000
Solar Senior Capital Ltd (SUNS) Q3 2020 Earnings Call Transcript
Image source: The Motley Fool. Solar Senior Capital Ltd (NASDAQ: SUNS)Q3 2020 Earnings CallNov 6, 2020, 11:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning, ladies and gentlemen and welcome to the Q3 2020 Solar Senior Capital Limited Earnings Conference Call.
Fri, 06 Nov 2020
15:30:00 +0000
Solar Senior Capital Ltd. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / November 6, 2020 / Solar Senior Capital Ltd.
Thu, 05 Nov 2020
23:45:11 +0000
Solar Senior (SUNS) Q3 Earnings Meet Estimates
Solar Senior (SUNS) delivered earnings and revenue surprises of 0.00% and -2.50%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Thu, 05 Nov 2020
21:01:00 +0000
Solar Senior Capital Ltd. Announces Quarter Ended September 30, 2020 Financial Results;
Net Investment Income of $0.30 Per Share, Covers Distribution Net Asset Value up 2%100% Performing PortfolioNEW YORK, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Solar Senior Capital Ltd. (NASDAQ: SUNS) (the “Company” “Solar Senior” or “SUNS”) today reported net investment income of $4.8 million, or $0.30 per average share, for the quarter ended September 30, 2020.At September 30, 2020, net asset value (NAV) was $15.79 per share, an increase of $0.24 per share or 2% from June 30, 2020, driven primarily by unrealized mark-to-market appreciation. At September 30, 2020, 100% of Solar Senior’s portfolio was performing.The Company’s Board of Directors declared a monthly distribution for November 2020 of $0.10 per share payable on December 2, 2020 to stockholders of record on November 19, 2020. Tax characteristics of all distributions will be reported to shareholders on Form 1099 after the end of the calendar year.HIGHLIGHTS:At September 30, 2020:Comprehensive Investment portfolio* fair value: $521.6 millionNumber of portfolio companies*: 206        Net assets: $253.4 million        Net asset value per share: $15.79Net Debt to Equity: 0.52xAvailable Capital**: Over $250 million, subject to borrowing base availabilityComprehensive Portfolio Activity*** for the Quarter Ended September 30, 2020Investments made during the quarter: $40.3 millionInvestments repaid or sold during the quarter: $55.8 millionOperating Results for the Quarter Ended September 30, 2020Net investment income: $4.8 millionNet investment income per share: $0.30Net realized and unrealized gain: $3.8 millionNet increase in net assets from operations: $8.6 millionEarnings per share: $0.54* The Comprehensive Investment Portfolio is comprised of Solar Senior Capital Ltd.’s investment portfolio, Gemino Healthcare Finance’s (“Gemino”) full portfolio and North Mill Holdco LLC’s (“North Mill”) full portfolio, and excludes the Company’s fair value of its equity interest in Gemino and North Mill.** See Liquidity and Capital Resources*** Comprehensive Portfolio Activity includes gross originations/repayments through Gemino and North Mill.“SUNS portfolio continued to perform extremely well in Q3 reflecting our focus on first lien senior secured cash flow loans and asset-based loans in our niche specialty finance verticals,” said Michael Gross, Co-CEO of SUNS. “At September 30, 2020, 100% of our investments were performing and their improved valuations drove a 2% increase in our Net Asset Value per share over the prior quarter. Our portfolio companies have resilient business models and access to liquidity that have enabled them to weather a challenging period.”“The conservative management of SUNS assets and liabilities through an extended period of frothy credit markets has positioned the company with a solid portfolio foundation, a stable funding profile, low leverage, strong liquidity, and favorable positioning to make new investments,” said Bruce Spohler, Co-CEO of SUNS. “We are encouraged by the pickup in M&A activity during Q3 and the sponsor-led momentum leading into 2021. We expect portfolio growth in the coming quarters from a growing pipeline of first lien cash flow and asset-based loan investments.”Conference Call and Webcast The Company will host an earnings conference call and audio webcast at 11:30 a.m. (Eastern Time) on Friday, November 6, 2020. All interested parties may participate in the conference call by dialing (844) 889-7785 approximately 5-10 minutes prior to the call, international callers should dial (661) 378-9929. Participants should reference Solar Senior Capital Ltd. and the participant passcode of 6735445 when prompted. A telephone replay will be available until November 20, 2020 and can be accessed by dialing (855) 859-2056 and using the passcode 6735445. International callers should dial (404) 537-3406. This conference call will also be broadcast live over the Internet and can be accessed by all interested parties through Solar Senior Capital’s website, www.solarseniorcap.com. To listen to the webcast, please go to the Company's website prior to the start of the call to register and download any necessary audio software. For those who are not able to listen to the live broadcast, a replay of the webcast will be available soon after the call. Comprehensive Investment Portfolio Investment ActivityDuring the quarter ended September 30, 2020, Solar Senior Capital had total originations of $40.3 million and repayments of $55.8 million across the Company’s core businesses comprised of senior secured cash flow, traditional asset-based lending and healthcare asset-based lending, resulting in a net portfolio reduction of $15.5 million to the comprehensive portfolio.The investment activity of our Comprehensive Investment Portfolio for the quarter ended September 30, 2020 was as follows:Comprehensive Investment Portfolio Activity(1) Q3 2020 (in millions) Asset ClassesCash Flow LoansAsset-Based Loans North MillAsset-Based Healthcare Loans GeminoLife ScienceTotal Portfolio Activity Originations$7.0$32.2$0.9$0.2$40.3 Repayments / Amortization$38.7$11.9$5.2$0.0$55.8 Net Portfolio Activity$(31.7)$20.3$(4.3)$0.2$(15.5) (1) Portfolio activity includes gross originations/repayments across each business unit.Portfolio Composition Our Comprehensive Investment Portfolio composition by business unit at September 30, 2020 was as follows:Comprehensive Investment Portfolio Composition (at fair value)AmountWeighted Average Asset-level Yield ($mm)% First Lien Senior Secured Loans    Cash Flow 1st Lien Senior Secured Loans$259.849.8%6.5%5 Traditional Asset-Based 1st Lien Senior Secured Loans(1) (North Mill)$154.929.7%12.9%6 Healthcare Asset-Based 1st Lien Senior Secured Loans(2) (Gemino)$71.1 13.6%12.5%6 Life Science 1st Lien Senior Secured Loans$27.75.3%9.3%7 Total First Lien Senior Secured Loans$513.598.4%  Cash Flow 2nd Lien Senior Secured Loans$8.01.5%7.5%5 Total Senior Secured Loans$521.5>99.9%9.4% Equity and Equity-like Securities(3)$0.1<0.1%  Total Comprehensive Investment Portfolio$521.6100.0%  Floating Rate Investments(4)$501.696.2%  1. Includes North Mill’s full portfolio, all of which are 1st lien senior secured loans. 2. Includes Gemino’s full portfolio, all of which are 1st lien senior secured loans. 3. Excludes the Company’s equity investments in North Mill and Gemino, which distribute quarterly dividends to the Company. 4. Floating rate investments calculated as a percent of the Company’s income-producing Comprehensive Investment Portfolio. 5. Represents the yield to maturity based on fair market value at September 30, 2020. 6. Represents total interest and fee income for the three month period ending on September 30, 2020 against the average portfolio over the same fiscal period, annualized. 7. Represents the weighted average of each individual loan’s yield to maturity based on fair value at September 30, 2020 (excluding exit fees or warrants).The Comprehensive Investment Portfolio is diversified across approximately 206 unique borrowers in over 120 industries. The average issuer exposure is $2.5 million, or <0.5% of the comprehensive portfolio.As of September 30, 2020, 98.4% of the Comprehensive Portfolio was invested in first lien senior secured cash flow and asset-based loans and 1.5% in second lien senior secured cash flow loans, and less than 0.1% is in equity.The weighted average yield at fair value of all income-producing investments in the Comprehensive Portfolio was 9.4% at September 30, 2020.Solar Senior Capital Ltd. PortfolioAsset QualityAt September 30, 2020, 100% of the Company’s portfolio was performing with no investments on non-accrual.The Company puts its greatest emphasis on risk mitigation and credit performance. On a quarterly basis, or more frequently if deemed necessary, the Company formally rates each portfolio investment on a scale of one to four, with one representing the least amount of risk.As of September 30, 2020, the composition of our portfolio, on a risk ratings basis, was as follows:Internal Investment RatingInvestments at Fair Value ($mm)% of SUNS Portfolio 1$51.213.2% 2$319.982.1% 3$18.44.7% 4$0.00.0% Investment Income Contribution by Business UnitBusiness Unit Contribution to Gross Investment Income Q3 2020(1) (in millions) For the Quarter Ended:Cash Flow LendingAsset-based Lending (North Mill)Asset-based Healthcare Lending (Gemino)Life ScienceTotal September 30, 2020$5.0$1.3$0.9$0.7$7.9 % Contribution63.3%16.4%11.4%8.9%100.0% (1) Investment Income Contribution by Business Unit includes interest income/fees from cash flow and life science loans on balance sheet and distributions from North Mill and Gemino.Solar Senior Capital Ltd.’s Results of Operations for the Quarter Ended September 30, 2020 compared to the Quarter Ended September 30, 2019:Investment Income For the quarters ended September 30, 2020 and 2019, gross investment income totaled $7.9 million and $10.4 million, respectively. The decrease in quarterly gross investment income year over year was primarily due to a reduction in portfolio yield, mainly as a result of the decrease in LIBOR, on a relatively smaller income producing investment portfolio on average.ExpensesNet expenses totaled $3.1 million and $4.7 million, respectively, for the quarters ended September 30, 2020 and 2019. For the quarters ended September 30, 2020 and September 30, 2019, $0.7 million and $0.6 million, respectively, of management and performance-based incentive fees were voluntarily waived by the Company’s investment manager. The decrease in net expenses year over year is primarily due to lower interest expense due to reductions in LIBOR and an increase in the waiver of fees.Net Investment Income The Company’s net investment income totaled $4.8 million and $5.7 million, or $0.30 and $0.35 per average share, respectively, for the quarters ended September 30, 2020 and 2019.Net Realized and Unrealized Gain (Loss)Net realized and unrealized gain (loss) for the quarters ended September 30, 2020 and 2019 totaled $3.8 million and $(0.5) million, respectively.Net Increase in Net Assets Resulting from Operations For the quarters ended September 30, 2020 and 2019, the Company had a net increase in net assets resulting from operations of $8.6 million and $5.2 million, respectively. For the quarters ended September 30, 2020 and 2019, earnings per average share were $0.54 and $0.32, respectively.Liquidity and Capital Resources Unsecured Debt At September 30, 2020, approximately 61% of the Company’s funded debt, or $85 million, was comprised of unsecured notes.Credit Facilities and Available Capital At September 30, 2020, the Company had $54.3 million of borrowings under its $300 million of revolving credit facilities, resulting in a total of $139.3 million of funded debt and over $250 million of available capital, subject to borrowing base limits.Leverage As of September 30, 2020, the Company’s net debt to equity ratio was 0.52x. The Company’s low leverage provides a significant cushion to its regulatory asset coverage limit of 2.0x debt-to-equity as well as its target leverage ratio of 1.25–1.50x debt-to-equity.Unfunded Revolver Commitments As of September 30, 2020, Solar Senior had unfunded revolver commitments of approximately $4.1 million that can be fully drawn by the borrowers. Financial StatementsSOLAR SENIOR CAPITAL LTD. CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (in thousands, except share amounts)  September 30, 2020 (unaudited) December 31, 2019 Assets   Investments at fair value:   Companies less than 5% owned (cost: $301,805 and $363,947, respectively)$295,613 $361,665  Companies more than 25% owned (cost: $98,439 and $98,439, respectively) 93,867  98,600  Cash 6,306  7,054  Cash equivalents (cost: $164,987 and $99,898, respectively) 164,987  99,898  Interest receivable 1,319  1,933  Dividends receivable 1,753  1,893  Receivable for investments sold 36  6,667  Prepaid expenses and other assets 253  248          Total assets$564,134 $577,958          Liabilities   Debt ($139,303 and $211,202 face amounts, respectively, reported net of unamortized debt issuance costs of $2,105 and $1,901, respectively.)$137,198 $209,301  Payable for investments and cash equivalents purchased 170,028  101,811  Distributions payable 1,605  1,885  Management fee payable 314  426  Interest payable 524  1,172  Administrative services payable 566  826  Other liabilities and accrued expenses 537  723          Total liabilities$310,772 $316,144                  Net Assets   Common stock, par value $0.01 per share, 200,000,000 and 200,000,000 common shares authorized, respectively, and 16,049,034 and 16,046,214 issued and outstanding, respectively$160 $160  Paid-in capital in excess of par 282,229  282,181  Accumulated distributable net loss (29,027) (20,527)         Total net assets$253,362 $261,814          Net Asset Value Per Share$15.79 $16.32          SOLAR SENIOR CAPITAL LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (in thousands, except share amounts)  Three months ended  September 30, 2020   September 30, 2019 INVESTMENT INCOME:     Interest:   Companies less than 5% owned$5,428 $7,829 Companies 5% to 25% owned—281 Dividends:   Companies more than 25% owned2,1252,265 Other income:   Companies less than 5% owned31521 Companies 5% to 25% owned—  —     Total investment income7,868  10,396     EXPENSES:   Management fees$1,036 $1,223 Performance-based incentive fees—535 Interest and other credit facility expenses1,9272,764 Administrative services expense370405 Other general and administrative expenses442  416     Total expenses3,775  5,343      Management fees waived(722)(67)  Performance-based incentive fees waived—  (535)       Net expenses3,053  4,741       Net investment income$4,815 $5,655      REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND CASH EQUIVALENTS:   Net realized gain (loss) on investments and cash equivalents:   Companies less than 5% owned$ 37 $ (6,973) Companies 5% to 25% owned—  1,979      Net realized gain (loss) on investments and cash equivalents.37  (4,994)       Net change in unrealized gain (loss) on investments and cash equivalents:    Companies less than 5% owned3,7947,603 Companies 5% to 25% owned—(1,046) Companies more than 25% owned—  (2,050)     Net change in unrealized gain (loss) on Investments and cash equivalents3,794  4,507      Net realized and unrealized gain (loss) on investments and cash equivalents3,831  (487)     NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS$8,646 $5,168     EARNINGS PER SHARE$0.54 $0.32     About Solar Senior Capital Ltd.Solar Senior Capital Ltd. is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. A specialty finance company with expertise in several niche markets, the Company primarily invests directly and indirectly in leveraged, U. S. middle market companies primarily in the form of cash flow first lien senior secured debt instruments and asset-based loans including senior secured loans collateralized on a first lien basis primarily by current assets.Forward-Looking StatementsStatements included herein may constitute “forward-looking statements,” which relate to future events or our future performance or financial condition. These statements are not guarantees of our future performance, financial condition or results and involve a number of risks and uncertainties, including the impact of COVID-19 and related changes in base interest rates and significant market volatility on our business, our portfolio companies and the global economy. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Solar Senior Capital Ltd. undertakes no duty to update any forward-looking statements made herein.Contact Investor Relations (646) 308-8770
Tue, 03 Nov 2020
12:41:12 +0000
What's in Store for Solar Senior Capital's (SUNS) Q3 Earnings?
Solar Senior Capital (SUNS) is expected to have benefited from an increase in interest income in the third quarter of 2020.
Thu, 29 Oct 2020
16:35:04 +0000
Earnings Preview: Solar Senior (SUNS) Q3 Earnings Expected to Decline
Solar Senior (SUNS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Tue, 06 Oct 2020
12:00:00 +0000
Solar Senior Capital Ltd. Announces Monthly Distribution of $0.10 Per Share for October 2020
NEW YORK, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Solar Senior Capital Ltd. (the “Company”) (NASDAQ: SUNS) declared a distribution of $0.10 per share for the month of October 2020. The distribution is payable on October 30, 2020 to stockholders of record as of October 22, 2020. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year. ABOUT SOLAR SENIOR CAPITAL LTD.Solar Senior Capital Ltd. is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. A specialty finance company with expertise in several niche markets, the Company generally invests directly and indirectly in leveraged, U. S. middle market companies primarily in the form of cash flow senior secured loans, including first lien loans, and asset-based loans collateralized on a first lien basis primarily by current assets.FORWARD-LOOKING STATEMENTSStatements included herein may constitute “forward-looking statements,” which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties, including the impact of COVID-19 and related changes in base interest rates and significant market volatility on our business, our portfolio companies, our industry and the global economy. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Solar Senior Capital Ltd. undertakes no duty to update any forward-looking statements made herein, unless required to do so by law.Contact: Solar Senior Capital Ltd. Investor Relations 646-308-8770
Wed, 30 Sep 2020
20:45:00 +0000
Solar Senior Capital Ltd. Schedules the Release of its Financial Results for the Quarter Ended September 30, 2020
Solar Senior Capital Ltd. (the “Company”) (NASDAQ: SUNS) today announced that it will release its financial results for the quarter ended September 30, 2020 on Thursday, November 5, 2020 after the close of the financial markets. The Company will host an earnings conference call and audio webcast at 11:30 a.m. (Eastern Time) on Friday, November 6, 2020. All interested parties may participate in the conference call by dialing (844) 889-7785 approximately 5-10 minutes prior to the call, international callers should dial (661) 378-9929.
Wed, 30 Sep 2020
18:03:20 +0000
3 ‘Strong Buy’ Stocks With Dividend Yields of 8% or Better
What to make of the markets lately? Early September showed a sharp drop from peak values, but since the eighth of the month – for the past three weeks – volatility has ruled the day. All the major indexes have bouncing up and down without showing a clear trend. While increased volatility is almost certainly going to stay with us for a while, it’s time to consider defensive stocks. And that will bring us to dividends. By providing a steady income stream, no matter what the market conditions, a reliable dividend stock provides a pad for your investment portfolio when the share stop appreciating.With this in mind, we’ve used the TipRanks database to pull up three dividend stocks yielding 8% or more. That’s not all they offer, however. Each of these stocks has a Strong Buy rating, and considerable upside potential.Solar Senior Capital (SUNS)The first stock is Solar Senior Capital, an investment management company focused on an externally managed non-diversified portfolio. SUNS invests in mid-market companies, taking positions in unitranche instruments, secured loans, and first and second lien debt. The company’s investment targets are mid-market firms with below-investment grade credit ratings, and its portfolio is valued at $532.4 million.Solar’s earnings, up to 1Q20, had held steady at 35 cents per share – but that took a sudden dive in the second quarter this year, coming in at 32 cents. That drop came even as the company also reported a solid financial base, with net assets of $249 million and available capital exceeding $210 million.Despite the lower earnings, the quarterly results were sufficient to maintain the dividend. This is paid monthly, at a rate of 10 cents per common share, making the quarterly distribution 30 cents. This leads to a high payout ratio, but at current earning levels the dividend is sustainable. The annualized payment, of $1.20, gives a yield of 9.4%, which is more than 4.5x higher than the average dividend yield found among S&P index members. The company has paid out the dividend reliably, no matter the market conditions, since 2011.Covering this stock for Ladenburg, analyst Mickey Schleien rates SUNS a Buy, along with a $15 price target. This target implies an 18% upside for the coming year. (To watch Schleien’s track record, click here)Supporting his stance, Schleien writes, “…the company's pipeline is increasing with more compelling opportunities at higher yields. SUNS is operating within the incentive management fee catch-up band, and the external manager continues to waive fees to the extent necessary for NII to cover the dividend through 2020.” The Strong Buy analyst consensus rating on SUNS is unanimous, based on 3 Buy reviews. The stock’s $12.68 trading price and $15.67 average price target give a one-year upside potential of 24%. (See SUNS stock analysis on TipRanks)Barings BDC, Inc. (BBDC)Barings, the next stock on our list, is a busines development corporation. The company provides capital access and asset management for its customers, middle-market companies seeking financing solutions. Barings invests in debt, equity, and fixed income assets, and boasts over $346 billion in total assets under management.While Barings took a hard hit to revenue in the first quarter, as the corona crisis took hold, the company has seen the top line return to positive numbers in the second quarter. At $56 million, the Q2 revenue was also more than 4x higher than results in the second half of 2019. Earnings have been stable, with EPS reported between 14 and 16 cents for the past 7 quarters.In another sign of strength, Barings in August completed an agreement to acquire MVC Capital. The deal, which totals $177.5 million in cash and stock, is expected to close in 4Q20 and will create a combined company with an investment portfolio worth more than $1.2 billion.While that move is going forward, BBDC continues to reward shareholders. The company has been gradually growing its quarterly dividend payment for the past two years. The current payout is 16 cents per common share, giving an annualized payment of 64 cents and a robust yield of 8%.Raymond James analyst Robert Dodd notes the importance of the MVC transaction for BBDC: “…we expect that BBDC will recognize a top-line income contributor 'accretion of purchase discount' over the life of the MVC portfolio.” Dodd goes on to note that this will have a positive impact on the dividend, writing, “We are projecting a dividend increase following the close of the MVC acquisition. We believe the dividend could be increased from the current $0.16/share per quarter to $0.17/share in 1Q21. While we believe earnings power will exceed that level, over-coverage is a good thing in our view — and we believe projecting a 90% payout ratio is prudent.”Dodd’s comments back up his Buy rating on the stock. He gives Barings a $9.50 price target, which indicates room for 19% growth over the next 12 months. (To watch Dodd’s track record, click here)Overall, Barings’ Strong Buy consensus rating is held up by 3 recent Buys against a single Hold. The company has an average price target of $9, suggesting a 12.5% upside from the $8.01 trading price. (See BBDC stock analysis on TipRanks)TriplePoint Venture Growth (TPVG)The last stock on our list is another management investment company. TriplePoint Venture is a venture capital investment firm with a portfolio focused on the tech and life sciences. These are high-growth industries that gobble up cash – but also offer the promise of high returns.TriplePoint’s earnings have been falling off this year from their peak, at 45 cents per share in Q4 of last year, even as revenue as recovered from corona-induced losses in the first quarter. For the second quarter, the top line came in at $23 million, while EPS slipped 7% to 38 cents. Even though earnings are down, they still beat the forecast by 5.5%.However, the company’s dividend payment has been remarkably stable for the past few years. Except for one downward blip in December 2018, the dividend has been consistently paid out at 36 cents per common share per quarter. This gives an annualized payment of $1.44, and a powerful yield of 12.8%. The high yield, combined with the reliable payment history, make this dividend valuable, especially in a time of near-zero interest rate policy.Christopher York, 4-star analyst with JMP Securities, believes that the recent second quarter results justify an Outperform (i.e. Buy) rating on TPVG, and his $13 price target implies an upside of 16%. (To watch York’s track record, click here)Backing his outlook, York writes, “TPVG remains our favorite BDC idea for those that trade below $500mln in market cap; we find the stock especially attractive for both yield-seeking and value investors [...] We continue to believe TriplePoint's core dividend run-rate of $0.36 is sustainable throughout 2021 and note that the total return requirement in the incentive fee should provide additional support to dividend coverage from any future credit losses.”Overall, Wall Street’s analysts have been nothing but bullish on TPVG over the past three months. Out of 5 analysts who cover the stock, all 5 are bullish. Meanwhile, their average price target of $13.30 suggests a 19% upside from current levels. (See TriplePoint’s stock analysis at TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
Wed, 09 Sep 2020
12:00:00 +0000
Solar Senior Capital Ltd. Announces Monthly Distribution of $0.10 Per Share for September 2020
NEW YORK, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Solar Senior Capital Ltd. (the “Company”) (NASDAQ: SUNS) declared a distribution of $0.10 per share for the month of September 2020. The distribution is payable on October 2, 2020 to stockholders of record as of September 24, 2020. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year. ABOUT SOLAR SENIOR CAPITAL LTD.Solar Senior Capital Ltd. is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. A specialty finance company with expertise in several niche markets, the Company generally invests directly and indirectly in leveraged, U. S. middle market companies primarily in the form of cash flow senior secured loans, including first lien loans, and asset-based loans collateralized on a first lien basis primarily by current assets.FORWARD-LOOKING STATEMENTSStatements included herein may constitute “forward-looking statements,” which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties, including the impact of COVID-19 and related changes in base interest rates and significant market volatility on our business, our portfolio companies, our industry and the global economy. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Solar Senior Capital Ltd. undertakes no duty to update any forward-looking statements made herein, unless required to do so by law.Contact: Solar Senior Capital Ltd. Investor Relations 646-308-8770
Thu, 06 Aug 2020
00:01:19 +0000
Solar Senior Capital Ltd (SUNS) Q2 2020 Earnings Call Transcript
Image source: The Motley Fool. Solar Senior Capital Ltd (NASDAQ: SUNS)Q2 2020 Earnings CallAug 5, 2020, 11:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, thank you for standing by, and welcome to the Q2 2020 Solar Senior Capital Limited Earnings Call.
Tue, 04 Aug 2020
23:15:11 +0000
Solar Senior (SUNS) Q2 Earnings Top Estimates
Solar Senior (SUNS) delivered earnings and revenue surprises of 6.67% and -0.03%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Tue, 04 Aug 2020
20:27:00 +0000
Solar Senior Capital Ltd. Announces Quarter Ended June 30, 2020 Financial Results; Reports Net Asset Value Per Share Increase of 6.6%
Net Investment Income of $0.32 Per Share Net Debt-to-Equity of 0.68x100% of Portfolio PerformingNEW YORK, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Solar Senior Capital Ltd. (NASDAQ: SUNS) (the “Company” “Solar Senior” or “SUNS”) today reported net investment income of $5.1 million, or $0.32 per average share, for the quarter ended June 30, 2020. Cash interest and dividends represented over 99% of the gross investment income for the quarter.At June 30, 2020, net asset value (NAV) was $15.55 per share, an increase of approximately 6.6% from March 31, 2020, driven primarily by unrealized mark-to-market appreciation. At June 30, 2020, 100% of Solar Senior’s portfolio was performing.The Company’s Board of Directors declared a monthly distribution for August of $0.10 per share payable on September 2, 2020 to stockholders of record on August 20, 2020. Tax characteristics of all distributions will be reported to shareholders on Form 1099 after the end of the calendar year.HIGHLIGHTS:At June 30, 2020:     Comprehensive Investment portfolio* fair value: $532.4 million     Number of portfolio companies*: 215     Net assets: $249.5 million     Net asset value per share: $15.55     Net Debt-to-Equity 0.68x     Available Capital**: ~$215 million, subject to borrowing base availability Comprehensive Portfolio Activity*** for the Quarter Ended June 30, 2020     Investments made during the quarter: $23.4 million     Investments repaid or sold during the quarter: $128.4 millionOperating Results for the Quarter Ended June 30, 2020     Net investment income: $5.1 million     Net investment income per share: $0.32     Net realized and unrealized gain: $15.4 million     Net increase in net assets from operations: $20.5 million     Earnings per share: $1.28* The Comprehensive Investment Portfolio is comprised of Solar Senior Capital Ltd.’s investment portfolio, Gemino Healthcare Finance’s (“Gemino”) full portfolio and North Mill Holdco LLC’s (“North Mill”) full portfolio, and excludes the Company’s fair value of its equity interest in Gemino and North Mill.** See Liquidity and Capital Resources*** Comprehensive Portfolio Activity includes gross originations/repayments through Gemino and North Mill.“Our longstanding conservative investment philosophy, focused on first lien cash flow loans and asset-based loans in our niche specialty finance verticals, has resulted in a portfolio that has continued to weather the current challenging economic climate extremely well,” said Michael Gross, Co-CEO of SUNS. “At June 30, 2020, 100% of our investments were performing, and their improved valuations drove the 6.6% increase in our Net Asset Value per Share. Overall, our portfolio companies are proving to have resilient business models and access to liquidity that will enable them to remain successful.”“The conservative management of our assets and liabilities has resulted in a solid portfolio foundation, a stable funding profile, low leverage, strong liquidity, and favorable positioning to make new investments,” said Bruce Spohler, Co-CEO of SUNS.  “Our pipeline of first lien cash flow and asset-based loan investment opportunities has expanded, and we expect portfolio growth over the coming quarters.”Conference Call and Webcast The Company will host an earnings conference call and audio webcast at 11:30 a.m. (Eastern Time) on Wednesday, August 5, 2020. All interested parties may participate in the conference call by dialing (844) 889-7785 approximately 5-10 minutes prior to the call, international callers should dial (661) 378-9929. Participants should reference Solar Senior Capital Ltd. and the participant passcode of 8288034 when prompted. A telephone replay will be available until August 19, 2020 and can be accessed by dialing (855) 859-2056 and using the passcode 8288034. International callers should dial (404) 537-3406. This conference call will also be broadcast live over the Internet and can be accessed by all interested parties through Solar Senior Capital’s website, www.solarseniorcap.com. To listen to the webcast, please go to the Company's website prior to the start of the call to register and download any necessary audio software. For those who are not able to listen to the live broadcast, a replay of the webcast will be available soon after the call. Comprehensive Investment PortfolioInvestment ActivityDuring the quarter ended June 30, 2020, Solar Senior Capital had total originations of $23.4 million and repayments of $128.4 million across the Company’s core businesses comprised of senior secured cash flow, traditional asset-based lending and healthcare asset-based lending, resulting in a net portfolio reduction of $105.0 million to the comprehensive portfolio.The investment activity of our Comprehensive Investment Portfolio for the quarter ended June 30, 2020 was as follows:Comprehensive Investment Portfolio Activity(1) Q2 2020 (in millions) Asset ClassesCash Flow LoansAsset-based Loans North MillAsset-based Healthcare Loans GeminoLife ScienceTotal Portfolio Activity Originations$3.9$14.5$0.0$5.0$23.4 Repayments / Amortization$3.8(2)$62.4$62.2$0.0$128.4 Net Portfolio Activity$0.1$(47.9)$(62.2)$5.0$(105.0) (1) Portfolio activity includes gross originations/repayments across each business unit. (2) Includes realization of an equity position related to a debt investment. Portfolio Composition Our Comprehensive Investment Portfolio composition by business unit at June 30, 2020 was as follows:Comprehensive Investment Portfolio Composition (at fair value)AmountWeighted Average Asset-level Yield  ($mm)% First Lien Senior Secured  Loans    Cash Flow 1st Lien Senior Secured Loans$287.354.0%6.9%5 Traditional Asset-Based 1st Lien Senior Secured Loans(1)  (North Mill)$134.525.3%13.1%6 Healthcare Asset-Based 1st Lien Senior Secured Loans(2)  (Gemino)$75.314.1%10.8%6 Life Science 1st Lien Senior Secured Loans$27.55.1%9.4%7 Total First Lien Senior Secured Loans$524.698.5%  Cash Flow 2nd Lien Senior Secured Loans$7.61.4%8.4%5 Total Senior Secured Loans$532.2>99.9%9.2% Equity and Equity-like Securities(3)$0.2<0.1%  Total Comprehensive Investment Portfolio$532.4100%  Floating Rate Investments(4)$504.894.9%  (1) Includes North Mill’s full portfolio, all of which are 1st lien senior secured loans. (2) Includes Gemino’s full portfolio, all of which are 1st lien senior secured loans. (3) Excludes the Company’s equity investments in North Mill and Gemino, which distribute quarterly dividends to the Company. (4) Floating rate investments calculated as a percent of the Company’s income-producing Comprehensive Investment Portfolio. (5) Represents the yield to maturity based on fair market value at June 30, 2020. (6) Represents total interest and fee income for the three month period ending on June 30, 2020 against the average portfolio over the same fiscal period, annualized. (7) Represents the weighted average of each individual loan’s yield to maturity based on fair value at June 30, 2020 (excluding exit fees or warrants).The Comprehensive Investment Portfolio is diversified across approximately 215 unique borrowers in over 115 industries and with an average issuer exposure of $2.5 million, or <0.5% of the comprehensive portfolio.As of June 30, 2020, 98.5% of the Comprehensive Portfolio was invested in first lien senior secured cash flow and asset-based loans and 1.4% in second lien senior secured cash flow loans, and less than 0.1% is in equity.The weighted average yield at fair value of all income-producing investments in the Comprehensive Portfolio was 9.2% at June 30, 2020. Solar Senior Capital Ltd. PortfolioAsset QualityAt June 30, 2020, 100% of the Company’s portfolio was performing with no investments on non-accrual.The Company puts its greatest emphasis on risk mitigation and credit performance. On a quarterly basis, or more frequently if deemed necessary, the Company formally rates each portfolio investment on a scale of one to four, with one representing the least amount of risk.As of June 30, 2020, the composition of our portfolio, on a risk ratings basis, was as follows:Internal Investment RatingInvestments at Fair Value ($mm)% of SUNS Portfolio 1$47.111.3% 2$337.681.1% 3$31.77.6% 4$0.00.0% Investment Income Contribution by Business UnitBusiness Unit Contribution to Gross Investment Income Q2 2020(1) (in millions) For the Quarter Ended:Cash Flow LendingAsset-based Lending (North Mill)Asset-based Healthcare Lending (Gemino)Life ScienceTotal June 30, 2020$5.1$1.3$0.9$0.6$7.9 % Contribution65.3%16.0%11.0%7.7%100.0% (1) Investment Income Contribution by Business Unit includes interest income/fees from cash flow and life science loans on balance sheet and distributions from North Mill and Gemino.Solar Senior Capital Ltd.’s Results of Operations for the Quarter Ended June 30, 2020 compared to the Quarter Ended June 30, 2019:Investment Income For the quarters ended June 30, 2020 and 2019, gross investment income totaled $7.9 million and $10.0 million, respectively, with cash representing over 99% of the totals.  The decrease in quarterly gross investment income year over year was primarily due to a reduction in portfolio yield, mainly as a result of the decrease in LIBOR, on a relatively smaller income producing investment portfolio on average.  ExpensesNet expenses totaled $2.8 million and $4.4 million, respectively, for the quarters ended June 30, 2020 and 2019. For the quarters ended June 30, 2020 and June 30, 2019, $1.0 million and $1.0 million, respectively, of management and performance-based incentive fees were voluntarily waived by the Company’s investment manager. The decrease in net expenses year over year is primarily due to lower net management fees and interest expense due to reductions in LIBOR.Net Investment Income The Company’s net investment income totaled $5.1 million and $5.7 million, or $0.32 and $0.35 per average share, respectively, for the quarters ended June 30, 2020 and 2019.Net Realized and Unrealized Gain (Loss)Net realized and unrealized gain (loss) for the quarters ended June 30, 2020 and 2019 totaled $15.4 million and ($1.1) million, respectively.Net Increase in Net Assets Resulting From Operations For the quarters ended June 30, 2020 and 2019, the Company had a net increase in net assets resulting from operations of $20.5 million and $4.6 million, respectively. For the quarters ended June 30, 2020 and 2019, earnings per average share were $1.28 and $0.29, respectively.Liquidity and Capital Resources Unsecured Debt At June 30, 2020, approximately 48% of the Company’s funded debt, or $85 million, was comprised of unsecured notes.Credit Facilities and Available Capital At June 30, 2020, the Company had $90.8 million of borrowings under its $300 million of revolving credit facilities, resulting in a total of $175.8 million of funded debt and approximately $209.2 million of unused capacity, subject to borrowing base limits. Available capital, including cash, totaled approximately $214.6 million at June 30, 2020. Leverage As of June 30, 2020, the Company’s net debt-to-equity ratio was 0.68x. The Company’s low leverage provides a significant cushion to its regulatory asset coverage limit of 2.0x debt-to-equity as well as its target leverage ratio of 1.25–1.50x.  Unfunded Revolver Commitments As of June 30, 2020, Solar Senior had unfunded revolver commitments of approximately $5 million that can be fully drawn by the borrowers. Financial Statements and Tables    SOLAR SENIOR CAPITAL LTD. CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (in thousands, except share amounts)      June 30, 2020 (unaudited)  December 31, 2019 Assets        Investments at fair value:        Companies less than 5% owned (cost: $332,556 and $363,947, respectively)$322,570  $361,665  Companies more than 25% owned (cost: $98,439 and $98,439, respectively) 93,867   98,600  Cash 5,378   7,054  Cash equivalents (cost: $129,977 and $99,898, respectively) 129,977   99,898  Interest receivable 1,523   1,933  Dividends receivable 1,753   1,893  Receivable for investments sold 187   6,667  Prepaid expenses and other assets 317   248           Total assets$555,572  $577,958           Liabilities        Debt ($175,803 and $211,202 face amounts, respectively, reported net of unamortized debt issuance costs of $2,290 and $1,901, respectively.)$173,513  $209,301  Payable for investments and cash equivalents purchased 129,977   101,811  Distributions payable —   1,885  Management fee payable 119   426  Interest payable 1,426   1,172  Administrative services payable 377   826  Other liabilities and accrued expenses 628   723           Total liabilities$306,040  $316,144                    Net Assets        Common stock, par value $0.01 per share, 200,000,000 and 200,000,000 common shares authorized, respectively, and 16,049,034 and 16,046,214 issued and outstanding, respectively$160  $160  Paid-in capital in excess of par 282,229   282,181  Accumulated distributable net loss (32,857)  (20,527)          Total net assets$249,532  $261,814           Net Asset Value Per Share$15.55  $16.32             SOLAR SENIOR CAPITAL LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (in thousands, except share amounts)    Three months ended  June 30, 2020  June 30, 2019 INVESTMENT INCOME:        Interest:        Companies less than 5% owned$5,650  $7,674  Companies 5% to 25% owned —   20  Dividends:        Companies more than 25% owned 2,125   2,265  Other income:        Companies less than 5% owned 83   22  Companies 5% to 25% owned —   27           Total investment income 7,858   10,008           EXPENSES:        Management fees$1,040  $1,203  Performance-based incentive fees 39   525  Interest and other credit facility expenses 2,072   2,789  Administrative services expense 367   400  Other general and administrative expenses 204   419           Total expenses 3,722   5,336           Management fees waived (920)  (459) Performance-based incentive fees waived (39)  (525)          Net expenses 2,763   4,352           Net investment income$5,095  $5,656             REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS, CASH EQUIVALENTS AND UNFUNDED COMMITMENTS:        Net realized gain (loss) on investments and cash equivalents (companies less than 5% owned)$(12) $108           Net change in unrealized gain (loss) on investments, cash equivalents and unfunded commitments:        Companies less than 5% owned 12,804   (2,468) Companies 5% to 25% owned —   1,940  Companies more than 25% owned 2,600   (650)          Net change in unrealized gain (loss) on investments, cash equivalents and unfunded commitments 15,404   (1,178)          Net realized and unrealized gain (loss) on investments, cash equivalents and unfunded commitments 15,392   (1,070)          NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS$20,487  $4,586           EARNINGS (LOSS) PER SHARE$1.28  $0.29           About Solar Senior Capital Ltd.Solar Senior Capital Ltd. is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. A specialty finance company with expertise in several niche markets, the Company primarily invests directly and indirectly in leveraged, U. S. middle market companies primarily in the form of cash flow first lien senior secured debt instruments and asset-based loans including senior secured loans collateralized on a first lien basis primarily by current assets.Forward-Looking StatementsStatements included herein may constitute “forward-looking statements,” which relate to future events or our future performance or financial condition. These statements are not guarantees of our future performance, financial condition or results and involve a number of risks and uncertainties, including the impact of COVID-19 and related changes in base interest rates and significant market volatility on our business, our portfolio companies and the global economy. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Solar Senior Capital Ltd. undertakes no duty to update any forward-looking statements made herein.Contact Investor Relations (646) 308-8770
Tue, 28 Jul 2020
16:33:04 +0000
Analysts Estimate Solar Senior (SUNS) to Report a Decline in Earnings: What to Look Out for
Solar Senior (SUNS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Tue, 07 Jul 2020
12:00:10 +0000
Solar Senior Capital Ltd. Announces Monthly Distribution of $0.10 Per Share for July 2020
Solar Senior Capital Ltd. (the “Company”) (SUNS) declared a distribution of $0.10 per share for the month of July 2020. The distribution is payable on July 31, 2020 to stockholders of record as of July 22, 2020. A specialty finance company with expertise in several niche markets, the Company generally invests directly and indirectly in leveraged, U. S. middle market companies primarily in the form of cash flow senior secured loans, including first lien loans, and asset-based loans collateralized on a first lien basis primarily by current assets.
Thu, 02 Jul 2020
20:01:10 +0000
Solar Senior Capital Ltd. Schedules the Release of its Financial Results for the Quarter Ended June 30, 2020
Solar Senior Capital Ltd. (the “Company”) (SUNS) today announced that it will release its financial results for the quarter ended June 30, 2020 on Tuesday, August 4, 2020 after the close of the financial markets. The Company will host an earnings conference call and audio webcast at 11:30 a.m. (Eastern Time) on Wednesday, August 5, 2020. All interested parties may participate in the conference call by dialing (844) 889-7785 approximately 5-10 minutes prior to the call, international callers should dial (661) 378-9929.

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Solar Senior Capital Ltd. (SUNS)