Harbor Capital Advisors Inc. Takes Position in SURO Capital Corp. (NASDAQ:SSSS)

Harbor Capital Advisors Inc. purchased a new stake in SURO Capital Corp. (NASDAQ:SSSS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 174,533 shares of the company's stock, valued at approximately $867,000. Harbor Capital Advisors Inc. owned 0.74% of SURO Capital at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Wolverine Trading LLC purchased a new position in shares of SURO Capital in the 4th quarter valued at about $414,000. Marshall Wace LLP acquired a new stake in SURO Capital in the fourth quarter valued at approximately $461,000. Choreo LLC increased its position in shares of SURO Capital by 16.6% in the fourth quarter. Choreo LLC now owns 19,380 shares of the company's stock valued at $117,000 after buying an additional 2,764 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. raised its stake in shares of SURO Capital by 24.7% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,357,409 shares of the company's stock worth $7,982,000 after buying an additional 268,899 shares during the period. Finally, Levin Capital Strategies L.P. lifted its position in shares of SURO Capital by 85.5% during the 4th quarter. Levin Capital Strategies L.P. now owns 145,510 shares of the company's stock valued at $856,000 after buying an additional 67,049 shares in the last quarter. Hedge funds and other institutional investors own 12.95% of the company's stock.

Insider Transactions at SURO Capital

In other SURO Capital news, CEO Mark D. Klein purchased 16,500 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were purchased at an average cost of $5.26 per share, with a total value of $86,790.00. Following the completion of the purchase, the chief executive officer now owns 1,216,019 shares in the company, valued at approximately $6,396,259.94. This represents a 1.38% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 6.69% of the company's stock.

Analyst Ratings Changes

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

SURO Capital Price Performance

Shares of NASDAQ SSSS traded up $0.01 during midday trading on Tuesday, hitting $7.35. The stock had a trading volume of 161,154 shares, compared to its average volume of 174,260. 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 stock has a 50 day simple moving average of $5.76 and a 200-day simple moving average of $5.77. The company has a market capitalization of $173.09 million, a PE ratio of -3.89 and a beta of 1.73. SURO Capital Corp. has a 1 year low of $3.52 and a 1 year high of $7.83.

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

SURO Capital 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.