CEO, President, and Chairman of the Board of Solar Senior Capital Ltd Michael Gross Buys 23,481 ...

By GuruFocus,

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CEO, President, and Chairman of the Board of Solar Senior Capital Ltd ( SUNS ) Michael S Gross bought 23,481 shares on 08/15/2012 at an average price of $17.4. The total transaction amount is $408,569. Solar Senior Capital Ltd. operates as a business development company under the Investment Company Act of 1940. Solar Senior Capital Ltd has a market cap of $165.3 million; its shares were traded at around $17.4 with a P/E ratio of 20.7 and P/S ratio of 21. The dividend yield of Solar Senior Capital Ltd stocks is 7.2%.

Michael Gross has been the Chairman, CEO, and President of Solar Senior Capital since December 2010. In addition, Mr. Gross served as the managing member, the chairman of the board of directors and the chief executive officer of Solar Capital LLC since its inception in February 2007, and has been the chairman of the board of directors since December 2007, and chief executive officer and president since November 2007, of Solar Capital, its successor fund.

Solar Senior Capital CEO Michael Gross has been consistently increasing his position in the company recently. On 5/25/2012, he purchased 9,001 shares of the company. Since then, he traded in the company four more times, purchasing a total of 83,961 shares of the company. It is estimated that he owns at least 676,601 shares of SUNS. Additionally, CFO Richard Peteka also purchased 6,250 shares of the company in late May of 2012.

Solar Senior Capital recently announced its second quarter 2012 financial results. The company reported earnings of $3.6 million, or $0.38 per share, and net investment income of $3.4 million, or $0.36 per share, for the quarter ended June 30, 2012. Net asset value ( NAV ) per share increased to $18.54, from $18.15 at December 31, 2011.

No gurus currently hold a position in Solar Senior Capital Ltd.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing
Referenced Stocks: NAV , SUNS

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