Neostellar Capital (NASDAQ:NSLR) Director Sells $50,646.60 in Stock

Neostellar Capital (NASDAQ:NSLRGet Free Report) Director Ronald Lott sold 5,085 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $9.96, for a total transaction of $50,646.60. Following the completion of the sale, the director directly owned 16,432 shares in the company, valued at $163,662.72. This represents a 23.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Neostellar Capital Price Performance

Shares of NSLR opened at $10.10 on Monday. The company has a market cap of $267.35 million, a PE ratio of 2.51 and a beta of 1.40. Neostellar Capital has a twelve month low of $8.46 and a twelve month high of $14.98. The business’s 50 day simple moving average is $10.38. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 0.17.

Neostellar Capital (NASDAQ:NSLRGet Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.90) 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 for the quarter.

Hedge Funds Weigh In On Neostellar Capital

Institutional investors and hedge funds have recently made changes to their positions in the company. Tactive Advisors LLC increased its stake in shares of Neostellar Capital by 66.5% during the second quarter. Tactive Advisors LLC now owns 30,311 shares of the company’s stock worth $380,000 after purchasing an additional 12,111 shares during the period. Gabelli Funds LLC grew its holdings in Neostellar Capital by 3.3% in the 1st quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock valued at $13,967,000 after buying an additional 41,894 shares in the last quarter. Private Advisor Group LLC increased its position in Neostellar Capital by 51.4% during the 1st quarter. Private Advisor Group LLC now owns 69,034 shares of the company’s stock worth $739,000 after buying an additional 23,446 shares during the period. Ritholtz Wealth Management increased its position in Neostellar Capital by 13.4% during the 1st quarter. Ritholtz Wealth Management now owns 24,264 shares of the company’s stock worth $260,000 after buying an additional 2,862 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Neostellar Capital by 560.4% during the fourth quarter. Invesco Ltd. now owns 99,449 shares of the company’s stock worth $939,000 after buying an additional 84,389 shares in the last quarter. Institutional investors and hedge funds own 12.95% of the company’s stock.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on NSLR

About Neostellar Capital

(Get Free Report)

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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