SURO Capital (NASDAQ:SSSS) CEO Mark Klein Purchases 2,500 Shares

SURO Capital Corp. (NASDAQ:SSSS) CEO Mark Klein acquired 2,500 shares of the stock in a transaction dated Tuesday, April 21st. The stock was purchased at an average cost of $13.08 per share, with a total value of $32,700.00. Following the purchase, the chief executive officer directly owned 1,673,521 shares of the company’s stock, valued at $21,889,654.68. This trade represents a 0.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

SURO Capital Stock Performance

SURO Capital stock opened at $13.36 on Thursday. The business has a 50 day moving average of $10.53 and a 200-day moving average of $9.82. SURO Capital Corp. has a 1 year low of $4.50 and a 1 year high of $13.66. The company has a debt-to-equity ratio of 0.34, a current ratio of 54.37 and a quick ratio of 54.37. The company has a market capitalization of $339.21 million, a P/E ratio of 7.55 and a beta of 1.32.

SURO Capital (NASDAQ:SSSS) last released its quarterly earnings data on Tuesday, March 10th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.03). SURO Capital had a net margin of 2,894.90% and a negative return on equity of 8.12%. The firm had revenue of $0.56 million during the quarter, compared to analyst estimates of $0.35 million.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SSSS. Barrington Research upped their price objective on SURO Capital from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Weiss Ratings downgraded SURO Capital from a “buy (b)” rating to a “hold (c)” rating in a research note on Wednesday, March 18th. Capital One Financial set a $12.00 price objective on SURO Capital in a research note on Monday, January 5th. Wall Street Zen downgraded shares of SURO Capital from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Finally, Citigroup reissued an “outperform” rating on shares of SURO Capital in a research report on Thursday, April 9th. 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, SURO Capital currently has a consensus rating of “Buy” and an average target price of $14.75.

Hedge Funds Weigh In On SURO Capital

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ritholtz Wealth Management boosted its holdings in shares of SURO 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 in the last quarter. Invesco Ltd. boosted its holdings in shares of SURO Capital by 560.4% during the 4th 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. Trexquant Investment LP boosted its holdings in shares of SURO Capital by 359.3% during the 4th quarter. Trexquant Investment LP now owns 47,746 shares of the company’s stock worth $451,000 after buying an additional 37,351 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of SURO Capital by 171.2% during the 4th quarter. Royal Bank of Canada now owns 15,293 shares of the company’s stock worth $144,000 after buying an additional 9,655 shares in the last quarter. Finally, Mangrove Partners IM LLC bought a new position in shares of SURO Capital during the 4th quarter worth approximately $497,000. 12.95% of the stock is currently owned by institutional investors.

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.