Neostellar Capital (NASDAQ:NSLR) Announces Quarterly Earnings Results

Key Points

• Neostellar Capital reported a quarterly loss of $0.15 per share. The company also reported a negative return on equity of 12.63%.
• The stock fell to $5.93 in Tuesday’s trading, near its 52-week low of $5.72 and below its 50-day moving average of $7.92.
• Analysts maintain a consensus Buy rating and an average price target of $13, although some firms recently lowered their targets.

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

Neostellar Capital Price Performance

Neostellar Capital stock traded down $0.08 during midday trading on Tuesday, hitting $5.93. 219,408 shares of the company were exchanged, compared to its average volume of 298,074. The stock has a fifty day simple moving average of $7.92. The company has a market cap of $156.98 million, a P/E ratio of 1.47 and a beta of 1.49. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 0.17. Neostellar Capital has a fifty-two week low of $5.72 and a fifty-two week high of $14.98.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. BTIG Research reduced their target price on Neostellar Capital from $15.00 to $14.00 and set a "buy" rating for the company in a report on Wednesday, October 7th. Barrington Research set a $13.00 target price on shares of Neostellar Capital in a research note on Tuesday, October 20th. Weiss Ratings cut shares of Neostellar Capital from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, September 18th. Citizens Jmp cut their price objective on Neostellar Capital from $15.00 to $13.00 and set a "market outperform" rating on the stock in a report on Monday, October 26th. Finally, Wall Street Zen cut Neostellar Capital from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $13.00.

Insiders Place Their Bets

In other news, Director Erik A. Falk acquired 50,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was bought at an average price of $10.22 per share, with a total value of $511,000.00. Following the completion of the transaction, the director directly owned 50,000 shares of the company's stock, valued at $511,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 transaction of $50,646.60. Following the sale, the director owned 16,432 shares in the company, valued at $163,662.72. This represents a 23.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders purchased a total of 81,040 shares of company stock worth $800,534 in the last 90 days. 8.32% of the stock is owned by company insiders.

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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