Analysts Set SURO Capital Corp. (NASDAQ:SSSS) Price Target at $10.00

Shares of SURO Capital Corp. (NASDAQ:SSSS) have received a consensus recommendation of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $10.00.

SSSS has been the topic of several research analyst reports. JMP Securities raised their target price on shares of SURO Capital from $8.00 to $10.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 16th. Weiss Ratings restated a “hold (c)” rating on shares of SURO Capital in a research report on Saturday, September 27th. Wall Street Zen upgraded shares of SURO Capital from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Barrington Research raised their price objective on shares of SURO Capital from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. Finally, BTIG Research set a $10.00 price objective on shares of SURO Capital and gave the company a “buy” rating in a research report on Tuesday, July 1st.

Insider Buying and Selling at SURO Capital

In other SURO Capital news, CEO Mark D. Klein acquired 10,000 shares of SURO Capital stock in a transaction dated Tuesday, August 12th. The stock was bought at an average price of $8.45 per share, for a total transaction of $84,500.00. Following the transaction, the chief executive officer owned 1,530,590 shares in the company, valued at approximately $12,933,485.50. This trade represents a 0.66% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 6.69% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of SURO Capital by 222.2% in the second quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock worth $27,000 after buying an additional 2,253 shares during the period. XTX Topco Ltd boosted its holdings in shares of SURO Capital by 13.4% in the first quarter. XTX Topco Ltd now owns 27,072 shares of the company’s stock worth $135,000 after buying an additional 3,191 shares during the period. Raymond James Financial Inc. acquired a new position in shares of SURO Capital in the second quarter worth about $31,000. Choreo LLC boosted its holdings in shares of SURO Capital by 23.5% in the first quarter. Choreo LLC now owns 23,931 shares of the company’s stock worth $119,000 after buying an additional 4,551 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of SURO Capital by 58.5% in the first quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock worth $90,000 after buying an additional 6,701 shares during the period. 12.95% of the stock is currently owned by institutional investors and hedge funds.

SURO Capital Stock Down 0.1%

SURO Capital stock opened at $9.37 on Friday. The stock has a market cap of $223.85 million, a price-to-earnings ratio of -4.96 and a beta of 1.75. The company has a current ratio of 22.50, a quick ratio of 22.50 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $8.76 and its two-hundred day moving average price is $7.23. SURO Capital has a 52 week low of $3.87 and a 52 week high of $9.50.

SURO Capital (NASDAQ:SSSS) last released its earnings results on Wednesday, August 6th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.01. The firm had revenue of $0.17 million for the quarter, compared to analysts’ expectations of $0.50 million. SURO Capital had a net margin of 2,015.55% and a negative return on equity of 6.10%.

SURO Capital Company Profile

SuRo Capital Corp. is a business development company. The firm seeks to invest in growth capital, late stage and venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California with additional office in New York, New York.