KBW Reiterates a Hold Rating on Solar Capital Ltd

By Ryan Adsit

In a report released yesterday, Frederick Cannon from KBW reiterated a Hold rating on Solar Capital Ltd (NASDAQ: SLRC), with a price target of $22.50. The company’s shares closed yesterday at $22.61.

According to TipRanks.com, Cannon is a 4-star analyst with an average return of 15.1% and a 65.9% success rate. Cannon covers the Financial sector, focusing on stocks such as Pacific Premier Bancorp Inc, Pinnacle Financial Partners, and Pacific Mercantile Bancorp.

Solar Capital Ltd has an analyst consensus of Hold, with a price target consensus of $22.50.

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Solar Capital Ltd is a business development company that seeks investment opportunities in middle market companies located in the US. The fund targets companies operating in the fields of aerospace & defense, automobile, banking, beverage, food & tobacco, buildings & real estate, broadcasting & entertainment, cargo transport, chemicals, plastics & rubber, containers, packaging & glass, diversified or conglomerate manufacturing, diversified financial services, electronics, farming & agriculture, finance, grocery, healthcare, education & childcare, home, office furnishings & durable consumer products, hotels, motels, inns & gaming, insurance, IT services, leisure, amusement & entertainment, machinery, mining, steel, iron & non-precious metals, personal & nondurable consumer products, personal, food &services, personal transportation, professional services, retail stores, software, telecommunications, textiles and leather, and utilities. It invests in both public & private companies and provides financing for debt, mezzanine and buyout capital requirements with an investment size ranging from $5 to $100 million.