Ladenburg Thalmann Upgrades Solar Capital (SLRC) to Buy

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Go back to Ladenburg Thalmann Upgrades Solar Capital (SLRC) to Buy

Solar Capital Ltd. Announces Quarter Ended June 30, 2015 Financial Results; Declares Quarterly Distribution of $0.40 per Share for Q3, 2015

August 4, 2015 4:00 PM EDT

NEW YORK, NY -- (Marketwired) -- 08/04/15 -- Solar Capital Ltd. (the "Company") (NASDAQ: SLRC) today reported net investment income of $16.0 million, or $0.38 per share, for the quarter ended June 30, 2015. Earnings were $17.3 million, or $0.41 per share, for the second fiscal quarter. At June 30, 2015, net asset value (NAV) per share was $21.92, and as a result of strong net originations, the fair value of the Company's investment portfolio was $1.172 billion, a 12% increase from the prior quarter.

The Company's Board of Directors declared a third quarter distribution of $0.40 per share payable on October 2, 2015 to stockholders of record on September... More