Levin Capital Strategies L.P. Has $272,000 Stock Position in SURO Capital Corp. (NASDAQ:SSSS)

Key Points

• Levin Capital Strategies L.P. has reduced its stake in SURO Capital Corp. by 62.4%, now owning approximately 0.23% of the company, worth $272,000.
• Several institutional investors have shown interest in SURO Capital, with Gabelli Funds LLC increasing its position by 22.3% during the last quarter.
• Brokerages have set a target price of $10.00 for SURO Capital, with ratings varying from outperform to hold.

Levin Capital Strategies L.P. reduced its stake in shares of SURO Capital Corp. (NASDAQ:SSSS - Free Report) by 62.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,773 shares of the company's stock after selling 90,737 shares during the quarter. Levin Capital Strategies L.P. owned about 0.23% of SURO Capital worth $272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SSSS. XTX Topco Ltd lifted its holdings in SURO Capital by 13.4% in the first quarter. XTX Topco Ltd now owns 27,072 shares of the company's stock valued at $135,000 after buying an additional 3,191 shares during the period. Choreo LLC lifted its stake in shares of SURO Capital by 23.5% in the 1st quarter. Choreo LLC now owns 23,931 shares of the company's stock valued at $119,000 after purchasing an additional 4,551 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of SURO Capital in the 1st quarter valued at $867,000. Wolverine Trading LLC bought a new position in shares of SURO Capital in the 4th quarter worth $414,000. Finally, Wexford Capital LP acquired a new stake in shares of SURO Capital during the fourth quarter worth $176,000. Institutional investors and hedge funds own 12.95% of the company's stock.

Insider Buying and Selling

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 stock was bought at an average cost of $5.26 per share, with a total value of $86,790.00. Following the purchase, the chief executive officer directly owned 1,216,019 shares of the company's stock, valued at $6,396,259.94. The trade was a 1.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 6.69% of the company's stock.

Analysts Set New Price Targets

SSSS has been the topic of several analyst reports. Citigroup reissued an "outperform" rating on shares of SURO Capital in a research note on Wednesday, July 16th. JMP Securities increased their price target on shares of SURO Capital from $8.00 to $10.00 and gave the company a "market outperform" rating in a research report on Wednesday, July 16th. BTIG Research set a $10.00 price objective on shares of SURO Capital and gave the company a "buy" rating in a report on Tuesday, July 1st. Barrington Research upped their target price on shares of SURO Capital from $9.00 to $10.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen raised shares of SURO Capital from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $10.00.

SURO Capital Stock Down 3.2%

Shares of SSSS traded down $0.28 on Thursday, hitting $8.41. The company's stock had a trading volume of 249,812 shares, compared to its average volume of 185,158. The company has a quick ratio of 11.23, a current ratio of 11.23 and a debt-to-equity ratio of 0.47. SURO Capital Corp. has a fifty-two week low of $3.65 and a fifty-two week high of $9.12. The firm's fifty day moving average price is $8.01 and its 200-day moving average price is $6.37. The firm has a market capitalization of $200.91 million, a price-to-earnings ratio of -4.45 and a beta of 1.80.

SURO Capital (NASDAQ:SSSS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.16) EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.01. The business had revenue of $0.17 million for the quarter, compared to analyst estimates of $0.50 million. SURO Capital had a net margin of 2,015.55% and a negative return on equity of 6.71%.

SURO Capital Cuts Dividend

The company also recently announced a -- dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 21st were paid a $0.25 dividend. The ex-dividend date was Monday, July 21st. SURO Capital's payout ratio is presently -52.91%.

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.