Mark D. Klein Buys 10,000 Shares of SURO Capital Corp. (NASDAQ:SSSS) Stock

Key Points

• Mark D. Klein, CEO of SURO Capital Corp., purchased 10,000 shares at an average price of $8.45 per share, increasing his total holdings to 1,530,590 shares.
• The company recently reported a quarterly EPS of (0.16), exceeding analyst expectations and has a net margin of 2,015.55%.
• Several analysts have issued positive ratings, with price targets for SURO Capital raised to as high as $10.00, indicating a consensus rating of "Buy".

SURO Capital Corp. (NASDAQ:SSSS - Get Free Report) CEO Mark D. Klein acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was acquired at an average cost of $8.45 per share, for a total transaction of $84,500.00. Following the acquisition, the chief executive officer owned 1,530,590 shares of the company's stock, valued at $12,933,485.50. The trade was a 0.66% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

SURO Capital Trading Up 1.4%

Shares of SURO Capital stock traded up $0.12 on Tuesday, hitting $8.62. 174,880 shares of the company traded hands, compared to its average volume of 186,686. The company has a current ratio of 22.50, a quick ratio of 22.50 and a debt-to-equity ratio of 0.33. SURO Capital Corp. has a 52 week low of $3.71 and a 52 week high of $9.12. The business has a 50-day simple moving average of $8.10 and a 200 day simple moving average of $6.40.

SURO Capital (NASDAQ:SSSS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.01. The firm had revenue of $0.17 million for the quarter, compared to analysts' expectations of $0.50 million. SURO Capital had a net margin of 2,015.55% and a negative return on equity of 6.10%.

SURO Capital Cuts Dividend

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

Institutional Investors Weigh In On SURO Capital

Several institutional investors and hedge funds have recently modified their holdings of SSSS. JPMorgan Chase & Co. raised its position in shares of SURO Capital by 8,025.0% during the fourth quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company's stock valued at $76,000 after buying an additional 12,840 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of SURO Capital in the fourth quarter valued at $140,000. Gabelli Funds LLC grew its holdings in shares of SURO Capital by 22.3% in the fourth 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 in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of SURO Capital by 5.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 210,750 shares of the company's stock valued at $1,239,000 after purchasing an additional 11,750 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of SURO Capital in the fourth quarter valued at $461,000. Institutional investors own 12.95% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SSSS. 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 objective on shares of SURO Capital and gave the company a "buy" rating in a research report on Tuesday, July 1st. Citigroup reissued an "outperform" rating on shares of SURO Capital in a research report on Wednesday, July 16th. Barrington Research boosted their price objective on shares of SURO Capital from $9.00 to $10.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Finally, JMP Securities raised their target price on shares of SURO Capital from $8.00 to $10.00 and gave the stock a "market outperform" rating in a research note on Wednesday, July 16th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, SURO Capital has an average rating of "Buy" and a consensus price target of $10.00.

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.

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