Shares of SURO Capital Corp. (NASDAQ:SSSS – Get Free Report) have been given an average recommendation of “Buy” by the six brokerages that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $15.00.
Several equities analysts have issued reports on the company. Wall Street Zen raised SURO Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Citizens Jmp lifted their price target on SURO Capital from $13.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Thursday, April 9th. BTIG Research boosted their price objective on SURO Capital from $12.50 to $15.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Barrington Research raised their target price on shares of SURO Capital from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of SURO Capital from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, May 26th.
Get Our Latest Research Report on SURO Capital
Insider Activity at SURO Capital
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Gabelli Funds LLC raised its stake in shares of SURO Capital by 1.6% during the third quarter. Gabelli Funds LLC now owns 1,474,344 shares of the company’s stock worth $13,269,000 after purchasing an additional 23,510 shares during the last quarter. GatePass Capital LLC increased its stake in SURO Capital by 2.5% in the 4th quarter. GatePass Capital LLC now owns 508,400 shares of the company’s stock valued at $4,799,000 after buying an additional 12,300 shares during the period. Jane Street Group LLC raised its position in SURO Capital by 102.1% during the 4th quarter. Jane Street Group LLC now owns 251,035 shares of the company’s stock worth $2,370,000 after buying an additional 126,796 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of SURO Capital by 189.9% in the 3rd quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock worth $1,907,000 after acquiring an additional 138,818 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of SURO Capital by 10.8% in the 4th quarter. Franklin Resources Inc. now owns 210,183 shares of the company’s stock worth $1,984,000 after acquiring an additional 20,484 shares during the period. 12.95% of the stock is currently owned by hedge funds and other institutional investors.
SURO Capital Trading Up 2.1%
NASDAQ SSSS opened at $12.80 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 24.38 and a quick ratio of 24.38. The firm’s fifty day moving average price is $13.32 and its 200 day moving average price is $11.30. The company has a market capitalization of $333.70 million, a price-to-earnings ratio of 1.83 and a beta of 1.39. SURO Capital has a 12 month low of $8.01 and a 12 month high of $14.98.
SURO Capital Company Profile
SURO Capital Corp (NASDAQ: SSSS) is a closed-end management investment company that operates as a business development company (BDC). Founded in 2013 and headquartered in Lewisville, Texas, SURO Capital provides capital solutions to lower middle-market companies across a range of industries. As a BDC, the company is governed by the Investment Company Act of 1940 and focuses on offering debt and equity financing to privately held businesses that may have limited access to traditional bank lending.
The firm’s primary business activities include originating and managing a diversified portfolio of senior secured floating rate loans, unsecured loans, unitranche debt, and equity co-investments.
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