Insider Buying: Neostellar Capital (NASDAQ:NSLR) Director Purchases $511,000.00 in Stock

Neostellar Capital (NASDAQ:NSLR – Get Free Report) Director Erik Falk purchased 50,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average price of $10.22 per share, for a total transaction of $511,000.00. Following the purchase, the director directly owned 50,000 shares of the company’s stock, valued at $511,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Neostellar Capital Trading Down 0.9%

Shares of NASDAQ NSLR opened at $10.20 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.76 and a quick ratio of 6.76. The company has a market cap of $269.99 million, a PE ratio of 2.53 and a beta of 1.44. Neostellar Capital has a 12-month low of $8.46 and a 12-month high of $14.98.

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Neostellar Capital (NASDAQ:NSLR – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.90) earnings per share (EPS) for the quarter. Neostellar Capital had a negative return on equity of 12.63% and a net margin of 6,053.56%.The business had revenue of $0.30 million during the quarter.

Hedge Funds Weigh In On Neostellar Capital

Several hedge funds have recently modified their holdings of NSLR. Bank of America Corp DE raised its stake in shares of Neostellar Capital by 222.2% in the 2nd 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 in the last quarter. Raymond James Financial Inc. bought a new position in Neostellar Capital during the second quarter valued at about $31,000. Invesco Ltd. acquired a new position in Neostellar Capital during the first quarter worth about $62,000. Hazlett Burt & Watson Inc. grew its holdings in Neostellar Capital by 102.6% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 7,405 shares of the company’s stock worth $68,000 after acquiring an additional 3,750 shares during the period. Finally, Jane Street Group LLC raised its position in Neostellar 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 acquiring an additional 6,701 shares in the last quarter. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NSLR shares. Barrington Research set a $16.00 price objective on shares of Neostellar Capital in a research note on Thursday, August 6th. Wall Street Zen lowered shares of Neostellar Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. BTIG Research reissued a “buy” rating and set a $15.00 target price on shares of Neostellar Capital in a research note on Friday, July 10th. Finally, Weiss Ratings downgraded shares of Neostellar Capital from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Neostellar Capital currently has a consensus rating of “Buy” and a consensus target price of $14.50.

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About Neostellar Capital

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

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