Harbor Capital Advisors Inc. Takes $867,000 Position in SuRo Capital Corp. (NASDAQ:SSSS)

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

Other institutional investors and hedge funds have also modified their holdings of the company. Millennium Management LLC purchased a new stake in shares of SuRo Capital during the fourth quarter worth about $65,000. Jane Street Group LLC acquired a new position in SuRo Capital during the fourth quarter worth $67,000. JPMorgan Chase & Co. boosted its holdings in SuRo Capital by 8,025.0% during the 4th quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company's stock valued at $76,000 after acquiring an additional 12,840 shares during the period. Legato Capital Management LLC purchased a new stake in SuRo Capital during the fourth quarter worth about $82,000. Finally, Choreo LLC increased its stake in SuRo Capital by 16.6% during the fourth quarter. Choreo LLC now owns 19,380 shares of the company's stock worth $117,000 after purchasing an additional 2,764 shares during the period. Hedge funds and other institutional investors own 12.95% of the company's stock.

Insiders Place Their Bets

In other SuRo Capital news, CEO Mark D. Klein acquired 16,500 shares of the business's stock in a transaction on Friday, May 9th. The stock was purchased at an average price of $5.26 per share, for a total transaction of $86,790.00. Following the completion of the transaction, the chief executive officer now owns 1,216,019 shares of the company's stock, valued at $6,396,259.94. The trade was a 1.38% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.69% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wall Street Zen upgraded shares of SuRo Capital from a "sell" rating to a "hold" rating in a research note on Saturday, May 31st. Barrington Research reaffirmed an "outperform" rating and issued a $8.00 price target on shares of SuRo Capital in a report on Tuesday, April 8th. Finally, Citigroup reissued an "outperform" rating on shares of SuRo Capital in a report on Wednesday, March 12th.

SuRo Capital Stock Performance

Shares of SuRo Capital stock traded down $0.12 during trading hours on Friday, hitting $7.35. 133,464 shares of the company were exchanged, compared to its average volume of 174,097. SuRo Capital Corp. has a 1 year low of $3.52 and a 1 year high of $7.83. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average of $5.65 and a 200-day moving average of $5.74. The stock has a market capitalization of $173.11 million, a price-to-earnings ratio of -3.89 and a beta of 1.73.

SuRo Capital (NASDAQ:SSSS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.02). The company had revenue of $0.50 million for the quarter, compared to analysts' expectations of $1.23 million. SuRo Capital had a negative return on equity of 7.28% and a negative net margin of 801.00%.

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.