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

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 stock in a transaction that occurred on Tuesday, August 12th. The shares were bought at an average price of $8.45 per share, for a total transaction of $84,500.00. Following the purchase, the chief executive officer directly owned 1,530,590 shares of the company's stock, valued at approximately $12,933,485.50. This trade represents a 0.66% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

SURO Capital Stock Performance

SURO Capital stock traded down $0.02 on Friday, reaching $8.45. 137,438 shares of the stock were exchanged, compared to its average volume of 176,383. The stock has a market cap of $201.87 million, a PE ratio of -4.47 and a beta of 1.80. 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 twelve month low of $3.71 and a twelve month high of $9.12. The firm has a fifty day moving average price of $8.20 and a two-hundred day moving average price of $6.48.

SURO Capital (NASDAQ:SSSS - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.16) earnings per share for the quarter, topping analysts' consensus estimates of ($0.17) by $0.01. The firm had revenue of $0.17 million during the quarter, compared to analyst estimates 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 of this dividend was Monday, July 21st. SURO Capital's dividend payout ratio is currently -52.91%.

Analyst Upgrades and Downgrades

SSSS has been the topic of several recent research reports. JMP Securities lifted their price target on shares of SURO Capital from $8.00 to $10.00 and gave the stock a "market outperform" rating in a research report on Wednesday, July 16th. Barrington Research lifted their price target on shares of SURO Capital from $9.00 to $10.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Citigroup restated an "outperform" rating on shares of SURO Capital in a research report on Wednesday, July 16th. Wall Street Zen upgraded shares of SURO Capital from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Finally, BTIG Research set a $10.00 target price on shares of SURO Capital and gave the company a "buy" rating in a research note on Tuesday, July 1st. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, SURO Capital has an average rating of "Buy" and an average price target of $10.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in 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 bought a new stake in SURO Capital in the fourth quarter valued at about $140,000. Gabelli Funds LLC increased its stake in 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 acquiring an additional 212,000 shares during the period. Gamco Investors INC. ET AL increased its stake in 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 acquiring an additional 11,750 shares during the period. Finally, Marshall Wace LLP bought a new stake in SURO Capital in the fourth quarter valued at about $461,000. Institutional investors and hedge funds own 12.95% of the company's stock.

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.