Neostellar Capital (NASDAQ:NSLR) CEO Acquires 26,040 Shares of Stock

Key Points

• CEO Mark Klein bought 26,040 shares of Neostellar Capital at an average price of $9.60, investing nearly $250,000 and increasing his direct ownership by 1.50% to 1.76 million shares.
• NSLR shares rose to $10.33 during Monday trading. The company recently reported a quarterly loss of $0.90 per share on revenue of $0.30 million.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and a $15.50 price target, despite one downgrade to “Sell.”

Neostellar Capital (NASDAQ:NSLR - Get Free Report) CEO Mark Klein acquired 26,040 shares of the company's stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $9.60 per share, for a total transaction of $249,984.00. Following the completion of the purchase, the chief executive officer directly owned 1,758,796 shares of the company's stock, valued at $16,884,441.60. This trade represents a 1.50% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Neostellar Capital Price Performance

NASDAQ:NSLR traded up $0.73 during mid-day trading on Monday, hitting $10.33. 692,409 shares of the company's stock traded hands, compared to its average volume of 284,956. Neostellar Capital has a 12 month low of $8.28 and a 12 month high of $14.98. The company has a market cap of $273.47 million, a price-to-earnings ratio of 2.56 and a beta of 1.44. The company has a quick ratio of 24.38, a current ratio of 24.38 and a debt-to-equity ratio of 0.19.

Neostellar Capital (NASDAQ:NSLR - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($0.90) earnings per share (EPS) for the quarter. The business 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 13.69%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NSLR shares. Wall Street Zen lowered shares of Neostellar Capital from a "hold" rating to a "sell" rating in a research report on Saturday. BTIG Research reissued a "buy" rating and issued a $15.00 price target on shares of Neostellar Capital in a report on Friday, July 10th. Barrington Research set a $16.00 price target on shares of Neostellar Capital in a research report on Thursday. Finally, Weiss Ratings assumed coverage on shares of Neostellar Capital in a report on Thursday, July 9th. They set a "buy (b)" rating on the stock. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Neostellar Capital presently has a consensus rating of "Buy" and a consensus target price of $15.50.

About Neostellar Capital

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source