Neostellar Capital (NASDAQ:NSLR – Free Report) had its price target decreased by BTIG Research from $14.00 to $13.00 in a research report sent to investors on Wednesday,Benzinga reports. BTIG Research currently has a buy rating on the stock.
A number of other equities research analysts have also recently weighed in on NSLR. Citizens Jmp dropped their price target on shares of Neostellar Capital from $15.00 to $13.00 and set a “market outperform” rating for the company in a research report on Monday, October 26th. Weiss Ratings downgraded Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. Barrington Research set a $13.00 target price on Neostellar Capital in a report on Tuesday, October 20th. Finally, Wall Street Zen lowered shares of Neostellar Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $12.75.
Check Out Our Latest Analysis on Neostellar Capital
Neostellar Capital Trading Up 2.9%
NASDAQ NSLR traded up $0.16 on Wednesday, hitting $5.76. 194,131 shares of the company’s stock traded hands, compared to its average volume of 259,410. Neostellar Capital has a 1-year low of $5.45 and a 1-year high of $14.98. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 0.17. The firm has a market cap of $152.47 million, a price-to-earnings ratio of 1.95 and a beta of 1.49. The stock’s 50-day moving average price is $7.57.
Neostellar Capital (NASDAQ:NSLR – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.15) earnings per share (EPS) for the quarter. Neostellar Capital had a net margin of 6,053.56% and a negative return on equity of 12.63%.
Insider Activity at Neostellar Capital
In related news, Director Ronald Lott sold 5,085 shares of Neostellar Capital stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $9.96, for a total value of $50,646.60. Following the completion of the sale, the director owned 16,432 shares in the company, valued at approximately $163,662.72. The trade was a 23.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Klein bought 5,000 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was bought at an average price of $7.91 per share, for a total transaction of $39,550.00. Following the purchase, the chief executive officer owned 1,763,796 shares in the company, valued at approximately $13,951,626.36. This represents a 0.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 81,040 shares of company stock worth $800,534. Corporate insiders own 8.32% of the company’s stock.
Institutional Trading of Neostellar Capital
Large investors have recently modified their holdings of the company. Byrne Asset Management LLC raised its holdings in Neostellar Capital by 24.0% during the third quarter. Byrne Asset Management LLC now owns 26,220 shares of the company’s stock worth $196,000 after purchasing an additional 5,070 shares in the last quarter. Tactive Advisors LLC lifted its position in shares of Neostellar Capital by 66.5% in the 2nd quarter. Tactive Advisors LLC now owns 30,311 shares of the company’s stock valued at $380,000 after acquiring an additional 12,111 shares in the last quarter. SMH Capital Advisors Inc. acquired a new stake in shares of Neostellar Capital in the third quarter worth $556,000. Private Advisor Group LLC increased its holdings in shares of Neostellar Capital by 51.4% in the 1st quarter. Private Advisor Group LLC now owns 69,034 shares of the company’s stock valued at $739,000 after purchasing an additional 23,446 shares during the period. Finally, MGO One Seven LLC lifted its position in Neostellar Capital by 13.6% in the 3rd quarter. MGO One Seven LLC now owns 293,428 shares of the company’s stock worth $2,256,000 after buying an additional 35,184 shares in the last quarter. Institutional investors and hedge funds own 12.95% of the company’s stock.
Neostellar Capital Company Profile
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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