Neostellar Capital (NASDAQ:NSLR) Given Consensus Rating of "Buy" by Brokerages

Key Points

• Analysts maintain a consensus “Buy” rating on Neostellar Capital, with four buy ratings, one strong-buy rating and one hold rating. The average 12-month price target is $14.50, above the stock’s reported $10.01 opening price.
• Neostellar Capital reported a quarterly loss of $0.90 per share on $0.30 million in revenue. Shares have traded between $8.46 and $14.98 over the past year, while the company carries low debt and strong reported liquidity ratios.
• CEO Mark D. Klein purchased 26,040 shares for approximately $250,000, increasing his ownership by 1.5%. Insiders own 8.32% of the company, compared with 12.95% held by institutional investors.

Neostellar Capital (NASDAQ:NSLR - Get Free Report) has been assigned a consensus rating of "Buy" from the six ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $14.50.

NSLR has been the subject of a number of research reports. Wall Street Zen lowered shares of Neostellar Capital from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Weiss Ratings lowered shares of Neostellar Capital from a "buy (b)" rating to a "hold (c)" rating in a report on Friday, August 14th. Barrington Research set a $16.00 price objective on shares of Neostellar Capital in a research note on Thursday, August 6th. Finally, BTIG Research restated a "buy" rating and issued a $15.00 price objective on shares of Neostellar Capital in a report on Friday, July 10th.

Neostellar Capital Stock Performance

Shares of NSLR stock opened at $10.01 on Monday. The firm has a market cap of $264.96 million, a P/E ratio of 2.48 and a beta of 1.44. Neostellar Capital has a twelve month low of $8.46 and a twelve month high of $14.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.76 and a current ratio of 6.76.

Neostellar Capital (NASDAQ:NSLR - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($0.90) earnings per share (EPS) for the quarter. The firm had revenue of $0.30 million during the quarter. Neostellar Capital had a negative return on equity of 12.63% and a net margin of 6,053.56%.

Insider Buying and Selling

In related news, CEO Mark D. Klein bought 26,040 shares of the business's stock in a transaction on Monday, August 10th. The shares were purchased at an average cost of $9.60 per share, with a total value of $249,984.00. Following the acquisition, the chief executive officer owned 1,758,796 shares of the company's stock, valued at $16,884,441.60. This represents a 1.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.32% of the company's stock.

Hedge Funds Weigh In On Neostellar Capital

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in shares of Neostellar Capital by 222.2% in the second quarter. Bank of America Corp DE now owns 3,267 shares of the company's stock worth $27,000 after acquiring an additional 2,253 shares during the period. Raymond James Financial Inc. acquired a new stake in Neostellar Capital during the 2nd quarter valued at approximately $31,000. Invesco Ltd. bought a new position in Neostellar Capital during the 1st quarter worth approximately $62,000. Hazlett Burt & Watson Inc. raised its holdings in Neostellar Capital by 102.6% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 7,405 shares of the company's stock worth $68,000 after purchasing an additional 3,750 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in Neostellar Capital by 58.5% during the 1st quarter. Jane Street Group LLC now owns 18,153 shares of the company's stock worth $90,000 after purchasing an additional 6,701 shares during the last quarter. 12.95% of the stock is currently owned by institutional investors.

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.

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