Neostellar Capital (NASDAQ:NSLR) Director Sells 5,085 Shares of Stock

Key Points

• Director Ronald Lott sold 5,085 shares of Neostellar Capital at an average price of $9.96, generating $50,646.60 and reducing his direct ownership by 23.63% to 16,432 shares.
• NSLR shares rose 0.9% to $10.10, but remained below their 50-day moving average of $10.38 and well under the 52-week high of $14.98.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and a $14.50 price target, despite the company reporting a quarterly loss of $0.90 per share on $0.30 million in revenue.

Neostellar Capital (NASDAQ:NSLR - Get Free Report) Director Ronald Lott sold 5,085 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $9.96, for a total transaction of $50,646.60. Following the completion of the transaction, the director directly owned 16,432 shares in the company, valued at $163,662.72. This trade represents a 23.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Neostellar Capital Stock Up 0.9%

Shares of NASDAQ NSLR traded up $0.09 during trading hours on Friday, reaching $10.10. The stock had a trading volume of 74,457 shares, compared to its average volume of 220,029. The business's 50-day simple moving average is $10.38. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 0.17. Neostellar Capital has a fifty-two week low of $8.46 and a fifty-two week high of $14.98.

Neostellar Capital (NASDAQ:NSLR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.90) earnings per share for the quarter. The firm had revenue of $0.30 million during the quarter. Neostellar Capital had a net margin of 6,053.56% and a negative return on equity of 12.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. BTIG Research restated a "buy" rating and issued a $15.00 price objective on shares of Neostellar Capital in a research note on Friday, July 10th. Wall Street Zen downgraded shares of Neostellar Capital from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Barrington Research set a $16.00 target price on shares of Neostellar Capital in a research note on Thursday, August 6th. Finally, Weiss Ratings lowered Neostellar Capital from a "buy (b)" rating to a "hold (c)" rating in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Neostellar Capital has a consensus rating of "Buy" and a consensus price target of $14.50.

Hedge Funds Weigh In On Neostellar Capital

Institutional investors have recently bought and sold shares of the company. Gabelli Funds LLC raised its position in Neostellar Capital by 3.3% during the 1st quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company's stock worth $13,967,000 after buying an additional 41,894 shares during the last quarter. GatePass Capital LLC boosted its holdings in shares of Neostellar Capital by 2.5% in the fourth quarter. GatePass Capital LLC now owns 508,400 shares of the company's stock valued at $4,799,000 after acquiring an additional 12,300 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Neostellar Capital by 102.1% in the fourth quarter. Jane Street Group LLC now owns 251,035 shares of the company's stock valued at $2,370,000 after acquiring an additional 126,796 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of Neostellar Capital by 189.9% during the third quarter. Two Sigma Investments LP now owns 211,905 shares of the company's stock worth $1,907,000 after acquiring an additional 138,818 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Neostellar Capital by 10.8% during the fourth quarter. Franklin Resources Inc. now owns 210,183 shares of the company's stock worth $1,984,000 after acquiring an additional 20,484 shares during the period. 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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