Shares of Neostellar Capital (NASDAQ:NSLR – Get Free Report) have been given a consensus rating of “Buy” by the six analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $14.50.
A number of equities research analysts have weighed in on NSLR shares. BTIG Research restated a “buy” rating and issued a $15.00 price objective on shares of Neostellar Capital in a report on Friday, July 10th. Barrington Research set a $16.00 target price on shares of Neostellar Capital in a report on Thursday, August 6th. Wall Street Zen cut Neostellar Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings downgraded Neostellar Capital from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, August 14th.
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Neostellar Capital Stock Down 0.3%
Neostellar Capital (NASDAQ:NSLR – Get Free Report) last issued its quarterly earnings results 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.
Insiders Place Their Bets
In related news, Director Erik A. Falk bought 50,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were acquired at an average cost of $10.22 per share, with a total value of $511,000.00. Following the completion of the acquisition, the director owned 50,000 shares of the company’s stock, valued at $511,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark D. Klein bought 26,040 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $9.60 per share, for a total transaction of $249,984.00. Following the completion of the purchase, the chief executive officer owned 1,758,796 shares of the company’s stock, valued at approximately $16,884,441.60. The trade was a 1.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 8.32% of the stock is currently owned by insiders.
Institutional Trading of Neostellar Capital
Several institutional investors have recently bought and sold shares of the company. Gabelli Funds LLC increased its stake in Neostellar Capital by 3.3% during the 1st quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock valued at $13,967,000 after purchasing an additional 41,894 shares in the last quarter. GatePass Capital LLC lifted its stake in shares of Neostellar Capital by 2.5% in the fourth quarter. GatePass Capital LLC now owns 508,400 shares of the company’s stock worth $4,799,000 after buying an additional 12,300 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Neostellar Capital by 102.1% in the fourth 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 in the last quarter. Two Sigma Investments LP grew its holdings in shares of Neostellar Capital by 189.9% during the third quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock valued at $1,907,000 after buying an additional 138,818 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Neostellar Capital by 10.8% during the fourth quarter. Franklin Resources Inc. now owns 210,183 shares of the company’s stock valued at $1,984,000 after buying an additional 20,484 shares during the last quarter. 12.95% of the stock is owned by hedge funds and other institutional investors.
About Neostellar Capital
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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