Neostellar Capital (NASDAQ:NSLR) Short Interest Update

Key Points

• Short interest rose 47.9% to 575,448 shares as of July 31, representing approximately 2.4% of NSLR’s shares and 2.2 days of average trading volume.
• Analyst sentiment remains mixed: MarketBeat reports an overall “Buy” rating and a $14.50 consensus price target, while recent firms issued both upgrades or reiterations and downgrades to “Hold” and “Sell.”
• NSLR traded at $10.16, within a 12-month range of $8.46 to $14.98, after reporting a quarterly loss of $0.90 per share on $0.30 million in revenue; CEO Mark D. Klein separately purchased 26,040 shares.

Neostellar Capital (NASDAQ:NSLR - Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 575,448 shares, a growth of 47.9% from the July 15th total of 389,000 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average daily volume of 261,652 shares, the short-interest ratio is currently 2.2 days.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NSLR. Barrington Research set a $16.00 price objective on shares of Neostellar Capital in a report on Thursday, August 6th. Weiss Ratings downgraded shares of Neostellar Capital from a "buy (b)" rating to a "hold (c)" rating in a research report on Friday. Wall Street Zen cut shares of Neostellar Capital from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, BTIG Research reiterated a "buy" rating and set a $15.00 price target on shares of Neostellar Capital in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Neostellar Capital has an average rating of "Buy" and a consensus target price of $14.50.

Neostellar Capital Stock Performance

Shares of NSLR traded down $0.23 during mid-day trading on Tuesday, reaching $10.16. The stock had a trading volume of 121,797 shares, compared to its average volume of 282,946. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.76 and a quick ratio of 6.76. The firm has a market cap of $268.94 million, a P/E ratio of 2.52 and a beta of 1.44. Neostellar Capital has a 12 month low of $8.46 and a 12 month high of $14.98.

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

Insider Transactions at Neostellar Capital

In other news, CEO Mark D. Klein purchased 26,040 shares of the business's stock in a transaction on Monday, August 10th. The stock was acquired at an average cost of $9.60 per share, for a total transaction of $249,984.00. Following the purchase, the chief executive officer directly owned 1,758,796 shares in the company, valued at $16,884,441.60. This trade represents a 1.50% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 NSLR. Hillsdale Investment Management Inc. boosted its stake in Neostellar Capital by 5.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 37,400 shares of the company's stock worth $353,000 after purchasing an additional 2,000 shares during the period. Bank of America Corp DE boosted its holdings in shares of Neostellar Capital by 222.2% during the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company's stock valued at $27,000 after purchasing an additional 2,253 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of Neostellar Capital by 13.4% during the first quarter. Ritholtz Wealth Management now owns 24,264 shares of the company's stock valued at $260,000 after purchasing an additional 2,862 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Neostellar Capital by 14.4% during the fourth quarter. Farther Finance Advisors LLC now owns 23,038 shares of the company's stock valued at $217,000 after purchasing an additional 2,906 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of Neostellar Capital by 102.6% in the fourth 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. Institutional investors own 12.95% of the company's stock.

Neostellar Capital Company Profile

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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