J. Goldman & Co LP Makes New $3.59 Million Investment in SuRo Capital Corp. (NASDAQ:SSSS)

J. Goldman & Co LP bought a new position in shares of SuRo Capital Corp. (NASDAQ:SSSS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 610,812 shares of the company's stock, valued at approximately $3,592,000. J. Goldman & Co LP owned 2.59% of SuRo Capital as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSSS. HB Wealth Management LLC purchased a new position in SuRo Capital during the fourth quarter worth approximately $65,000. Jane Street Group LLC purchased a new position in SuRo Capital during the fourth quarter worth approximately $67,000. JPMorgan Chase & Co. boosted its position in SuRo Capital by 8,025.0% during the fourth quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company's stock worth $76,000 after purchasing an additional 12,840 shares in the last quarter. Legato Capital Management LLC purchased a new position in SuRo Capital during the fourth quarter worth approximately $82,000. Finally, Choreo LLC boosted its position in SuRo Capital by 16.6% during the fourth quarter. Choreo LLC now owns 19,380 shares of the company's stock worth $117,000 after purchasing an additional 2,764 shares in the last quarter. 12.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on SSSS. Citigroup reiterated an "outperform" rating on shares of SuRo Capital in a research report on Wednesday, March 12th. Barrington Research reiterated an "outperform" rating and set a $8.00 price target on shares of SuRo Capital in a research report on Tuesday, April 8th.

Insider Activity

In other news, CEO Mark D. Klein bought 16,500 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were acquired at an average price 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 $6,396,259.94. The trade was a 1.38% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.69% of the company's stock.

SuRo Capital Price Performance

Shares of NASDAQ SSSS traded up $0.08 during midday trading on Friday, hitting $5.83. The stock had a trading volume of 101,132 shares, compared to its average volume of 151,328. The company has a market capitalization of $137.31 million, a PE ratio of -3.08 and a beta of 1.62. The stock has a 50 day simple moving average of $5.11 and a 200-day simple moving average of $5.49. SuRo Capital Corp. has a 1 year low of $3.52 and a 1 year high of $6.83. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47.

SuRo Capital (NASDAQ:SSSS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02). The firm had revenue of $0.50 million during the quarter, compared to analysts' expectations of $1.23 million. SuRo Capital had a negative net margin of 801.00% and a negative return on equity of 7.28%.

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.