BTIG Research Forecasts Strong Price Appreciation for SURO Capital (NASDAQ:SSSS) Stock

SURO Capital (NASDAQ:SSSS - Free Report) had its price target hoisted by BTIG Research from $7.00 to $10.00 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently issued reports on the company. Barrington Research reissued an "outperform" rating and set a $8.00 price target on shares of SURO Capital in a research report on Tuesday, April 8th. Wall Street Zen upgraded shares of SURO Capital from a "sell" rating to a "hold" rating in a report on Saturday, May 31st. Finally, Citigroup restated an "outperform" rating on shares of SURO Capital in a report on Wednesday, March 12th.

SURO Capital Stock Performance

Shares of NASDAQ:SSSS traded down $0.04 on Tuesday, hitting $8.17. 167,968 shares of the company's stock were exchanged, compared to its average volume of 186,217. SURO Capital has a 12 month low of $3.52 and a 12 month high of $8.77. The company has a quick ratio of 11.23, a current ratio of 11.23 and a debt-to-equity ratio of 0.47. The business's 50 day simple moving average is $6.35 and its two-hundred day simple moving average is $5.88.

SURO Capital (NASDAQ:SSSS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.02). The company had revenue of $0.50 million for the quarter, compared to the consensus estimate of $1.23 million. SURO Capital had a negative net margin of 462.84% and a negative return on equity of 6.61%.

Insiders Place Their Bets

In other news, CEO Mark D. Klein bought 16,500 shares of SURO Capital stock in a transaction on Friday, May 9th. The stock was acquired at an average cost of $5.26 per share, for a total transaction of $86,790.00. Following the completion of the acquisition, the chief executive officer owned 1,216,019 shares of the company's stock, valued at $6,396,259.94. This trade represents a 1.38% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SURO Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of SURO Capital by 8,025.0% during the fourth quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company's stock worth $76,000 after purchasing an additional 12,840 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. raised its stake in SURO Capital by 24.7% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,357,409 shares of the company's stock valued at $7,982,000 after buying an additional 268,899 shares during the last quarter. Rangeley Capital LLC acquired a new stake in SURO Capital in the fourth quarter worth about $147,000. Riverwater Partners LLC purchased a new stake in shares of SURO Capital during the fourth quarter worth about $285,000. Finally, XTX Topco Ltd acquired a new position in shares of SURO Capital during the fourth quarter valued at about $140,000. Hedge funds and other institutional investors own 12.95% of the company's stock.

SURO Capital Company Profile

SuRo Capital Corp. is a business development company. The firm seeks to invest in growth capital, late stage and venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California with additional office in New York, New York.