Wolverine Trading LLC Makes New Investment in SuRo Capital Corp. (NASDAQ:SSSS)

Wolverine Trading LLC acquired a new position in shares of SuRo Capital Corp. (NASDAQ:SSSS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 68,264 shares of the company's stock, valued at approximately $414,000. Wolverine Trading LLC owned approximately 0.29% of SuRo Capital as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP purchased a new stake in SuRo Capital during the 4th quarter worth about $461,000. Choreo LLC raised its holdings in shares of SuRo Capital by 16.6% in the 4th quarter. Choreo LLC now owns 19,380 shares of the company's stock valued at $117,000 after acquiring an additional 2,764 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. raised its holdings in shares of SuRo Capital by 24.7% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,357,409 shares of the company's stock valued at $7,982,000 after acquiring an additional 268,899 shares in the last quarter. Levin Capital Strategies L.P. raised its holdings in shares of SuRo Capital by 85.5% in the 4th quarter. Levin Capital Strategies L.P. now owns 145,510 shares of the company's stock valued at $856,000 after acquiring an additional 67,049 shares in the last quarter. Finally, J. Goldman & Co LP purchased a new stake in shares of SuRo Capital in the 4th quarter valued at about $3,592,000. Hedge funds and other institutional investors own 12.95% of the company's stock.

SuRo Capital Stock Up 5.2%

NASDAQ:SSSS traded up $0.33 during trading hours on Tuesday, reaching $6.64. 414,574 shares of the company traded hands, compared to its average volume of 160,630. The business's 50-day moving average price is $5.24 and its two-hundred day moving average price is $5.60. The stock has a market capitalization of $156.39 million, a P/E ratio of -3.51 and a beta of 1.62. SuRo Capital Corp. has a 1 year low of $3.52 and a 1 year high of $6.83. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47.

SuRo Capital (NASDAQ:SSSS - Get Free Report) last issued 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). SuRo Capital had a negative return on equity of 7.28% and a negative net margin of 801.00%. The firm had revenue of $0.50 million during the quarter, compared to the consensus estimate of $1.23 million.

Insider Activity

In related news, CEO Mark D. Klein acquired 16,500 shares of the firm's stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of $5.26 per share, for a total transaction of $86,790.00. Following the completion of the transaction, the chief executive officer now directly owns 1,216,019 shares in the company, valued at approximately $6,396,259.94. This trade represents a 1.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.69% of the company's stock.

Wall Street Analyst Weigh In

SSSS has been the topic of several recent research reports. 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. Citigroup reiterated an "outperform" rating on shares of SuRo Capital in a research report on Wednesday, March 12th. Finally, Wall Street Zen upgraded SuRo Capital from a "sell" rating to a "hold" rating in a research report on Saturday.

About SuRo Capital

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.