Solar Capital Cmn (NASDAQ:SLRC).
Eagle Boston Investment Management Inc increased its stake in Solar Capital Cmn shares by 71,041 shares in a 13F filing with the SEC. Its position stood at $9,191,000 an increase of 18.3% as of quarter end.
Several firms have shifted positions in (SLRC). AXA augmented its holdings by buying 134,700 shares an increase of 1,171.3% as of 09/30/2017. AXA owns 146,200 shares valued at $3,164,000. The value of the position overall is up by 1,155.6%. First Mercantile Trust Co grew its stake by buying 510 shares an increase of 5.6% in the quarter. First Mercantile Trust Co now holds 9,689 shares with a value of $210,000. The total value of its holdings increased 4.5%.
As of quarter end Ares Management LLC had sold 86,827 shares trimming its holdings by 26.2%. The value of the total investment in Solar Capital Cmn decreased from $7,239,000 to $5,317,000 decreasing 26.6% quarter over quarter.
National Securities raised the price target of the stock on November 6 changing the price objective from $24.00 to $25.00 and stated a “Buy” rating.
On August 7 National Securities kept the company rating at “Buy” projecting a price of $24.00. On August 3 analysts at Keefe, Bruyette & Woods updated guidance on SLRC with a rating of “Hold” and price target of $23.00.
In the market the company is trading down by 0.95% percent from yesterday’s close. The P/E ratio is currently 13.05 and market cap is 925.93M. As of the latest earnings report the EPS was $1.68 with 42.26M shares presently outstanding.
Investors are more bearish on shares of the company of late if you consider the change in short interest. The stock saw a rise in short interest from September 29, 2017 to October 13, 2017 of 30.36%. Short interest increased 30,606 over that timeframe. The short-interest ratio increased to 2.0 and the percentage of shorted shares is 0.00% as of October 13.