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SUNS Reports NII Of $0.3670/share Compared To A Forward Div Of $0.3525/quarter

|Includes: Solar Senior Capital (SUNS)

SUNS did a secondary offering that only partially raised the share count this quarter. That offering May have had the result of lowering NAV per share by 2 cents.

Solar Senior Capital reported for Q3-16 Total Investment Income of $7.001 million or $0.5665/share; Net Investment Income of $4.536 million or $0.3670/share; and a Net Increase in Net Assets Resulting from Operations of $5.169 million or $0.4182/share. The NII/TII ratio was 64.79%. NAV was $16.78 compared to $16.76 last quarter - an increase of 0.12%.

The consensus numbers from Yahoo Finance:

  Current Qtr. Next Qtr. Current Year Next Year
No. of Analysts 3 3 3 2
Avg. Estimate 0.35 0.35 1.41 1.39
Low Estimate 0.34 0.34 1.4 1.38
High Estimate 0.36 0.36 1.42 1.4
Year Ago EPS 0.35 0.35 1.33 1.41

My spreadsheets:

  Q3-16 Q2-16 Q1-16 Q4-15 Q3-15 Q2-15 Q1-15 Q4-14 Q3-14 Q2-14 Q1-14 Q4-13 Q3-13 Q2-13 Q1-13
Realized & Unrealized Gains in millions 0.633 0.608 4.349 -8.497 -5.580 -0.450 0.201 -0.002 -1.782 -0.475 0.135   -0.684 -1.843 -0.245
Realized & Unrealized Gains/share 0.0512 0.0527 0.3771 -0.7368 -0.4838 -.0390 .0177 -.0002 -.1545 -.0414 .0117   -.0593 -.1598 -.0212
  Q3-16 Q2-16 Q1-16 Q4-15 Q3-15 Q2-15 Q1-15 Q4-14 Q3-14 Q2-14 Q1-14 Q4-13
Total investment income 7.001 6.681 6.349 6.148 6.520 6.655 6.143 5.912 5.322 5.134 5.736 5.654
Net investment income 4.536 4.066 4.065 4.066 4.085 3.3462 3.876 4.018 3.528 2.4151 3.853 3.644
Investments @ fair value 0.328 0.326 0.312 0.306 0.340 0.347 0.345 0.341 0.278 0.266 0.275 0.268
Wt Av Share Count 12.359 11.533 11.533 11.533 11.533 11.533 11.533 11.533 11.533 11.533 11.532 11.532
TII/share $0.5665 $0.5793 $0.5505 $0.5331 $0.5653 $0.5770 $0.5326 $0.5126 $0.4615 $0.4452 $0.4974 $0.4902
NII/share $0.3670 $0.3525 $0.3525 $0.3525 $0.3542 $0.29012 $0.3361 $0.3484 $0.3059 $0.20941 $0.3341 $0.3160
NAV/share $16.78 $16.76 $16.70 $16.33 $17.06 $17.55 $17.65 $17.65 $17.65 $17.85 $18.04 $18.04
Wt Av Yield 8.2% 8.2% 7.9% 7.9% 7.2% 7.0% 6.9% 7.0% 7.2% 7.4% 7.7% 7.5%
1 Q2-14 contained a $1 million one time fee for an amendment and extension of the credit facility
2 Q2-15 contained a $0.8 million one time fee for an amendment and extension of the credit facility

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.