NEW YORK, October 21, 2019 – Shares of Solar Capital Ltd. (NASDAQ: SLRC) gained 0.49% to $20.55. The stock traded total volume of 84.693K shares higher than the average volume of 82.20K shares.

Solar Capital Ltd. (SLRC) reported first-quarter net income of $24.80M. The New York-based company said it had net income of 59 cents per share. Earnings, adjusted for investment gains, were 44 cents per share. The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 44 cents per share.

The business development company posted revenue of $39.30M in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $40.30M.

SLRC has the market capitalization of $868.46M and its EPS growth ratio for the past five years was 3.58%. Price to sales ratio was 5.66 while 61.37% of the stock was owned by institutional investors.