Neostellar Capital (NASDAQ:NSLR) Stock Has Consensus Price Target of $14.25

Key Points

• Analysts maintain a “Buy” consensus on Neostellar Capital, with four buy ratings, one strong buy and one hold. The average 12-month price target is $14.25, well above the stock’s reported $7.06 price.
• Company insiders purchased 81,040 shares worth approximately $800,534 over the past three months, including significant buys by CEO Mark Klein and Director Erik Falk. Insiders own 8.32% of the company.
• NSLR shares have fallen 2.9% and are trading near their 12-month low of $7.03, while the company’s latest quarter showed a $0.90 loss per share on just $0.30 million in revenue.

Shares of Neostellar Capital (NASDAQ:NSLR - Get Free Report) have earned a consensus rating of "Buy" from the six ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $14.25.

Several analysts recently commented on the company. Barrington Research set a $16.00 price target on Neostellar Capital in a research report on Thursday, August 6th. Weiss Ratings lowered Neostellar Capital from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, September 18th. BTIG Research lowered their target price on shares of Neostellar Capital from $15.00 to $14.00 and set a "buy" rating on the stock in a research note on Wednesday, October 7th. Finally, Wall Street Zen cut shares of Neostellar Capital from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th.

Insiders Place Their Bets

In other news, CEO Mark Klein purchased 5,000 shares of the business's stock in a transaction dated Monday, September 21st. The stock was acquired at an average price of $7.91 per share, for a total transaction of $39,550.00. Following the acquisition, the chief executive officer directly owned 1,763,796 shares of the company's stock, valued at approximately $13,951,626.36. This represents a 0.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Erik A. Falk bought 50,000 shares of Neostellar Capital stock in a transaction on Wednesday, August 26th. The stock was acquired at an average price of $10.22 per share, for a total transaction of $511,000.00. Following the transaction, the director directly owned 50,000 shares of the company's stock, valued at approximately $511,000. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 81,040 shares of company stock valued at $800,534 in the last three months. 8.32% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NSLR. Ritholtz Wealth Management raised its holdings in Neostellar Capital by 13.4% in the first quarter. Ritholtz Wealth Management now owns 24,264 shares of the company's stock valued at $260,000 after acquiring an additional 2,862 shares in the last quarter. Byrne Asset Management LLC lifted its stake in Neostellar Capital by 24.0% in the third quarter. Byrne Asset Management LLC now owns 26,220 shares of the company's stock worth $196,000 after acquiring an additional 5,070 shares during the last quarter. Tactive Advisors LLC grew its holdings in Neostellar Capital by 66.5% during the 2nd quarter. Tactive Advisors LLC now owns 30,311 shares of the company's stock worth $380,000 after acquiring an additional 12,111 shares in the last quarter. Private Advisor Group LLC grew its holdings in 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 acquiring an additional 23,446 shares in the last quarter. Finally, Gabelli Funds LLC grew 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 acquiring an additional 41,894 shares in the last quarter. Institutional investors and hedge funds own 12.95% of the company's stock.

Neostellar Capital Trading Down 2.9%

Shares of NASDAQ NSLR opened at $7.06 on Tuesday. The company's 50 day simple moving average is $9.16. The firm has a market cap of $186.90 million, a PE ratio of 1.75 and a beta of 1.47. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.76 and a current ratio of 6.76. Neostellar Capital has a 12 month low of $7.03 and a 12 month high of $14.98.

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

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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