Citizens Jmp Issues Pessimistic Forecast for Neostellar Capital (NASDAQ:NSLR) Stock Price

Key Points

• Citizens JMP lowered Neostellar Capital’s price target from $15 to $13 while maintaining a “market outperform” rating. The revised target still implies roughly 121% upside from the prior close.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and a $13 average target, although other firms have recently lowered targets or issued more cautious ratings.
• NSLR shares traded at $5.88, near their 12-month low of $5.75, while the company reported a quarterly loss of $0.90 per share on $0.30 million in revenue. Insiders bought 81,040 shares over the past three months, and institutional investors own 12.95% of the stock.

Neostellar Capital (NASDAQ:NSLR - Get Free Report) had its price objective lowered by Citizens Jmp from $15.00 to $13.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a "market outperform" rating on the stock. Citizens Jmp's price target indicates a potential upside of 121.13% from the stock's previous close.

Several other analysts have also recently weighed in on NSLR. Weiss Ratings cut Neostellar Capital from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, September 18th. BTIG Research reduced their price target on shares of Neostellar Capital from $15.00 to $14.00 and set a "buy" rating for the company in a research note on Wednesday, October 7th. Wall Street Zen downgraded Neostellar Capital from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Barrington Research set a $13.00 target price on shares of Neostellar Capital in a report on Tuesday, October 20th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $13.00.

Neostellar Capital Stock Performance

Shares of NASDAQ NSLR traded down $0.00 during mid-day trading on Monday, hitting $5.88. The stock had a trading volume of 52,225 shares, compared to its average volume of 297,708. Neostellar Capital has a twelve month low of $5.75 and a twelve month high of $14.98. The stock's 50 day moving average price is $8.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.76 and a current ratio of 6.76. The stock has a market cap of $155.62 million, a price-to-earnings ratio of 1.45 and a beta of 1.47.

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

Insider Buying and Selling at Neostellar Capital

In related news, CEO Mark Klein bought 5,000 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was bought at an average cost of $7.91 per share, for a total transaction of $39,550.00. Following the purchase, the chief executive officer directly owned 1,763,796 shares of the company's stock, valued at approximately $13,951,626.36. This trade represents a 0.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald M. Lott sold 5,085 shares of Neostellar Capital stock in a transaction that occurred 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 transaction, the director owned 16,432 shares of the company's stock, valued at approximately $163,662.72. This represents a 23.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders bought a total of 81,040 shares of company stock worth $800,534 over the last three months. Corporate insiders own 8.32% of the company's stock.

Institutional Investors Weigh In On Neostellar Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ritholtz Wealth Management raised its holdings in Neostellar Capital by 13.4% during the first quarter. Ritholtz Wealth Management now owns 24,264 shares of the company's stock worth $260,000 after purchasing an additional 2,862 shares in the last quarter. 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 during the last quarter. Tactive Advisors LLC boosted its position in 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 in the last quarter. Private Advisor Group LLC raised its stake in shares of 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 last quarter. Finally, Gabelli Funds LLC grew its stake 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 acquiring an additional 41,894 shares during the last quarter. Hedge funds and other institutional investors own 12.95% of the company's stock.

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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