Mark D. Klein Purchases 4,571 Shares of SURO Capital Corp. (NASDAQ:SSSS) Stock

Key Points

• CEO Mark D. Klein purchased 4,571 shares of SURO Capital at an average cost of $8.69, increasing his ownership to a total of 1,520,590 shares.
• SURO Capital recently cut its dividend, with a payout ratio of -52.91%, and reported a quarterly net revenue of $0.17 million against estimates of $0.50 million.
• Analyst ratings for SURO Capital have been generally positive, with a consensus rating of "Buy" and a target price of $10.00 according to multiple analysts.

SURO Capital Corp. (NASDAQ:SSSS - Get Free Report) CEO Mark D. Klein bought 4,571 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was acquired at an average cost of $8.69 per share, with a total value of $39,721.99. Following the transaction, the chief executive officer owned 1,520,590 shares of the company's stock, valued at $13,213,927.10. This trade represents a 0.30% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

SURO Capital Stock Performance

NASDAQ SSSS traded up $0.12 during trading on Tuesday, hitting $8.62. 174,880 shares of the company traded hands, compared to its average volume of 186,686. SURO Capital Corp. has a 12 month low of $3.71 and a 12 month high of $9.12. The business has a fifty day simple moving average of $8.10 and a 200 day simple moving average of $6.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 22.50 and a quick ratio of 22.50.

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

SURO Capital Cuts Dividend

The firm also recently disclosed a -- dividend, which was paid on Thursday, July 31st. Investors 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 payout ratio is currently -52.91%.

Analyst Ratings Changes

SSSS has been the subject of several recent analyst reports. Barrington Research raised their target price on SURO Capital from $9.00 to $10.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Wall Street Zen raised 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 SURO Capital and gave the company a "buy" rating in a research report on Tuesday, July 1st. JMP Securities lifted their price objective on SURO Capital from $8.00 to $10.00 and gave the company a "market outperform" rating in a research report on Wednesday, July 16th. Finally, Citigroup reissued an "outperform" rating on shares of SURO Capital in a research report on Wednesday, July 16th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $10.00.

Hedge Funds Weigh In On SURO Capital

Several large investors have recently made changes to their positions in SSSS. JPMorgan Chase & Co. lifted its position in shares of SURO Capital by 8,025.0% during the 4th quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company's stock worth $76,000 after purchasing an additional 12,840 shares during the last quarter. XTX Topco Ltd bought a new position in SURO Capital during the fourth quarter valued at about $140,000. Gabelli Funds LLC increased its stake in SURO Capital by 22.3% during 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 boosted its holdings in SURO Capital by 5.9% during 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 acquired a new stake in SURO Capital during the fourth quarter valued at approximately $461,000. Institutional investors and hedge funds own 12.95% of the company's stock.

SURO Capital Company 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.

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