Neostellar Capital (NASDAQ:NSLR) Price Target Cut to $13.00 by Analysts at BTIG Research

Key Points

• BTIG Research lowered its price target on Neostellar Capital from $14 to $13 but maintained a Buy rating; the new target implies 111.9% upside from the stock’s prior close.
• The shares traded at $6.13 on Wednesday. Analysts’ average rating is Buy, with an average price target of $12.75, while the company reported a third-quarter loss of $0.15 per share.
• Neostellar says it has flexibility for up to a $25 million share buyback and plans to retire its 6% notes by year-end; the potential buyback is not a commitment to spend the full amount.

Neostellar Capital (NASDAQ:NSLR - Get Free Report) had its price objective dropped by equities researchers at BTIG Research from $14.00 to $13.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. BTIG Research's target price points to a potential upside of 111.90% from the stock's previous close.

NSLR has been the topic of several other research reports. Barrington Research set a $13.00 target price on shares of Neostellar Capital in a research note on Tuesday, October 20th. Wall Street Zen cut Neostellar Capital from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Citizens Jmp lowered their target price on Neostellar Capital from $15.00 to $13.00 and set a "market outperform" rating for the company in a research note on Monday, October 26th. Finally, Weiss Ratings downgraded shares of Neostellar Capital from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $12.75.

Neostellar Capital Stock Performance

Shares of NSLR traded up $0.20 during mid-day trading on Wednesday, hitting $6.13. The company's stock had a trading volume of 306,162 shares, compared to its average volume of 297,971. The business has a 50-day moving average of $7.84. The firm has a market capitalization of $162.39 million, a price-to-earnings ratio of 1.52 and a beta of 1.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.76 and a quick ratio of 6.76. Neostellar Capital has a one year low of $5.72 and a one year high of $14.98.

Neostellar Capital (NASDAQ:NSLR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported ($0.15) EPS for the quarter. Neostellar Capital had a negative return on equity of 12.63% and a net margin of 6,053.56%.

Insider Buying and Selling

In other news, Director Erik A. Falk acquired 50,000 shares of the company's stock in a transaction on Wednesday, August 26th. The stock was purchased at an average cost of $10.22 per share, with a total value of $511,000.00. Following the acquisition, the director owned 50,000 shares of the company's stock, valued at $511,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald M. Lott sold 5,085 shares of Neostellar Capital stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $9.96, for a total transaction of $50,646.60. Following the sale, 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 position. 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. 8.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Neostellar Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gabelli Funds LLC increased its holdings in Neostellar Capital by 3.3% during the 1st quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company's stock worth $13,967,000 after purchasing an additional 41,894 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Neostellar Capital by 51.4% in the first 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 in the last quarter. SMH Capital Advisors Inc. bought a new stake in shares of Neostellar Capital in the third quarter valued at about $556,000. MGO One Seven LLC boosted its position in shares of Neostellar Capital by 13.6% during the third 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 during the period. Finally, Tactive Advisors LLC grew its holdings in shares of Neostellar Capital by 133.9% during the third quarter. Tactive Advisors LLC now owns 70,901 shares of the company's stock worth $545,000 after buying an additional 40,590 shares in the last quarter. Institutional investors own 12.95% of the company's stock.

Trending Headlines about Neostellar Capital

Here are the key news stories impacting Neostellar Capital this week:

• Positive Sentiment: Neostellar said it has flexibility for up to a $25 million share buyback and plans to retire its 6% notes by December 31. The potential repurchase could support shareholder returns, while retiring the notes would address debt obligations; the buyback is described as flexibility, not a commitment to spend the full amount. Article: Neostellar outlines buyback flexibility and plans to retire notes
• Negative Sentiment: The company reported a third-quarter loss of $0.15 per share. The loss could concern investors, although the provided reports do not include enough detail to assess the quarter’s performance against expectations or prior periods. Article: Neostellar reports third-quarter and nine-month results

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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