Solar Capital Ltd. (NASDAQ:SLRC) previous close was $18.50 while the outstanding shares total 42.26M. The firm SLRC’s shares traded higher over the last trading session, gaining 1.14% on 02/11/21. The shares fell to a low of $18.2646 before closing at $18.71. Intraday shares traded counted 0.2 million, which was -42.24% lower than its 30-day average trading volume of 143.67K. The stock’s Relative Strength Index (RSI) is 66.95, with weekly volatility at 2.90% and ATR at 0.42. The SLRC stock’s 52-week price range has touched low of $7.42 and a $21.19 high.
Investors have identified the Asset Management company Solar Capital Ltd. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $790.70 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Solar Capital Ltd. (SLRC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 603.04 million total, with 589.8 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 1.57 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SLRC sounds very interesting.
Is the stock of SLRC attractive?
In related news, See Remarks, GROSS MICHAEL S bought 50,000 shares of the company’s stock in a transaction that recorded on Mar 23. The purchase was performed at an average price of 9.45, for a total value of 472,500. As the purchase deal closes, the See Remarks, SPOHLER BRUCE J now bought 53,526 shares of the company’s stock, valued at 498,862. Also, CFO, SEC, TREAS, PETEKA RICHARD bought 5,000 shares of the company’s stock in a deal that was recorded on Mar 23. The shares were cost at an average price of 8.99 per share, with a total market value of 44,931. Following this completion of disposal, the Director, Wachter David now holds 20,000 shares of the company’s stock, valued at 211,800. In the last 6 months, insiders have changed their ownership in shares of company stock by 6.70%.
5 out of 7 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Solar Capital Ltd.. 0 analysts has assigned a Sell rating on the SLRC stock. The 12-month mean consensus price target for the company’s shares has been set at $18.46.