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

Several other large investors also recently added to or reduced their stakes in the company. Gabelli Funds LLC raised its stake in SURO Capital by 22.3% during the 4th quarter. Gabelli Funds LLC now owns 1,164,500 shares of the company's stock valued at $6,847,000 after purchasing an additional 212,000 shares during the period. J. Goldman & Co LP purchased a new position in shares of SURO Capital during the 4th quarter valued at $3,592,000. Gamco Investors INC. ET AL grew its holdings in shares of SURO Capital by 5.9% during the 4th quarter. Gamco Investors INC. ET AL now owns 210,750 shares of the company's stock valued at $1,239,000 after acquiring an additional 11,750 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of SURO Capital during the 1st quarter valued at $867,000. Finally, Bulldog Investors LLP grew its holdings in shares of SURO Capital by 14.3% during the 4th quarter. Bulldog Investors LLP now owns 144,354 shares of the company's stock valued at $850,000 after acquiring an additional 18,045 shares in the last quarter. 12.95% of the stock is owned by institutional investors and hedge funds.

SURO Capital Stock Performance

SSSS stock traded up $0.07 during mid-day trading on Friday, reaching $8.48. 141,717 shares of the stock traded hands, compared to its average volume of 186,224. 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 52 week low of $3.65 and a 52 week high of $9.12. The business has a 50-day moving average of $8.05 and a two-hundred day moving average of $6.38. The firm has a market capitalization of $202.59 million, a PE ratio of -4.49 and a beta of 1.80.

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

SURO Capital Cuts Dividend

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

Wall Street Analysts Forecast Growth

SSSS has been the topic of several research analyst reports. JMP Securities boosted their price target on shares of SURO Capital from $8.00 to $10.00 and gave the company a "market outperform" rating in a report on Wednesday, July 16th. Citigroup restated an "outperform" rating on shares of SURO Capital in a report on Wednesday, July 16th. Wall Street Zen raised shares of SURO Capital from a "hold" rating to a "strong-buy" rating in a research report on Saturday. BTIG Research set a $10.00 price target on SURO Capital and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Finally, Barrington Research upped their price target on SURO Capital from $9.00 to $10.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $10.00.

SURO Capital Company 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.