Neostellar Capital (NASDAQ:NSLR) Director Acquires $30,500.00 in Stock

Key Points

• Director Marc Mazur bought 5,000 shares at $6.10 each, investing $30,500 and increasing his direct holdings by 7.25% to 73,950 shares.
• NSLR traded at $6.29, below its 50-day moving average of $7.33; the stock’s 52-week range is $5.45 to $14.98.
• Analysts’ consensus rating is Buy, with a $12.75 average price target, though the company reported a quarterly loss of $0.15 per share.

Neostellar Capital (NASDAQ:NSLR - Get Free Report) Director Marc Mazur bought 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 11th. The shares were acquired at an average price of $6.10 per share, with a total value of $30,500.00. Following the completion of the transaction, the director directly owned 73,950 shares of the company's stock, valued at $451,095. This trade represents a 7.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Neostellar Capital Price Performance

NASDAQ:NSLR traded up $0.14 during mid-day trading on Thursday, hitting $6.29. The company's stock had a trading volume of 290,904 shares, compared to its average volume of 299,088. The business's fifty day moving average price is $7.33. The company has a market capitalization of $166.52 million, a PE ratio of 2.13 and a beta of 1.49. The company has a current ratio of 18.52, a quick ratio of 18.53 and a debt-to-equity ratio of 0.25. Neostellar Capital has a 1 year low of $5.45 and a 1 year high of $14.98.

Neostellar Capital (NASDAQ:NSLR - Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported ($0.15) earnings per share (EPS) for the quarter. Neostellar Capital had a net margin of 5,128.31% and a negative return on equity of 11.78%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NSLR shares. Weiss Ratings downgraded Neostellar Capital from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, September 18th. Barrington Research set a $13.00 price objective on shares of Neostellar Capital in a research note on Tuesday, October 20th. BTIG Research cut their target price on shares of Neostellar Capital from $14.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, November 4th. Wall Street Zen cut shares of Neostellar Capital from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, Citizens Jmp lowered their price target on shares of Neostellar Capital from $15.00 to $13.00 and set a "market outperform" rating on the stock in a report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Neostellar Capital currently has an average rating of "Buy" and a consensus price target of $12.75.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NSLR. SMH Capital Advisors Inc. purchased a new position in Neostellar Capital in the 3rd quarter valued at $556,000. GatePass Capital LLC grew its holdings in shares of Neostellar Capital by 12.8% during the third quarter. GatePass Capital LLC now owns 573,200 shares of the company's stock worth $4,408,000 after buying an additional 65,050 shares in the last quarter. Gabelli Funds LLC raised its position in shares of Neostellar Capital by 3.3% in the first quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company's stock valued at $13,967,000 after buying an additional 41,894 shares during the last quarter. Tactive Advisors LLC raised its position in shares of Neostellar Capital by 133.9% in the third quarter. Tactive Advisors LLC now owns 70,901 shares of the company's stock valued at $545,000 after buying an additional 40,590 shares during the last quarter. Finally, MGO One Seven LLC lifted its stake in shares of Neostellar Capital by 13.6% in the third quarter. MGO One Seven LLC now owns 293,428 shares of the company's stock worth $2,256,000 after buying an additional 35,184 shares in the last quarter. 12.95% of the stock is owned by institutional investors and hedge funds.

Neostellar Capital Company Profile

SuRo Capital Corp. is a business development company. The firm seeks to invest in growing, late stage, venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California.

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