SURO Capital Corp. (NASDAQ:SSSS) Announces $0.25 -- Dividend

SURO Capital Corp. (NASDAQ:SSSS - Get Free Report) declared a -- dividend on Wednesday, July 9th, Wall Street Journal reports. Investors of record on Monday, July 21st will be given a dividend of 0.25 per share on Thursday, July 31st. The ex-dividend date is Monday, July 21st.

SURO Capital Price Performance

SSSS traded down $0.06 during midday trading on Wednesday, hitting $8.40. The stock had a trading volume of 162,853 shares, compared to its average volume of 188,923. The company has a market cap of $197.82 million, a P/E ratio of -4.44 and a beta of 1.80. The business has a fifty day moving average of $6.78 and a 200 day moving average of $5.98. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.23 and a current ratio of 11.23. SURO Capital has a 1 year low of $3.52 and a 1 year high of $8.77.

SURO Capital (NASDAQ:SSSS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02). SURO Capital had a negative net margin of 462.84% and a negative return on equity of 6.61%. The company had revenue of $0.50 million for the quarter, compared to analysts' expectations of $1.23 million.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BTIG Research set a $10.00 price objective on shares of SURO Capital and gave the stock a "buy" rating in a report on Tuesday, July 1st. Citigroup restated an "outperform" rating on shares of SURO Capital in a report on Wednesday, March 12th. Wall Street Zen raised shares of SURO Capital from a "sell" rating to a "hold" rating in a report on Saturday, May 31st. Finally, Barrington Research increased their target price on SURO Capital from $9.00 to $10.00 and gave the company an "outperform" rating in a research report on Wednesday.

Insider Buying and Selling

In other SURO Capital news, CEO Mark D. Klein bought 16,500 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were purchased at an average price of $5.26 per share, for a total transaction of $86,790.00. Following the transaction, the chief executive officer directly owned 1,216,019 shares of the company's stock, valued at approximately $6,396,259.94. This represents a 1.38% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 6.69% of the company's stock.

Institutional Trading of SURO Capital

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC lifted its position in shares of SURO Capital by 58.5% in the first quarter. Jane Street Group LLC now owns 18,153 shares of the company's stock valued at $90,000 after acquiring an additional 6,701 shares in the last quarter. Invesco Ltd. acquired a new position in SURO Capital during the first quarter worth about $62,000. Finally, Acadian Asset Management LLC boosted its position in SURO Capital by 46.1% during the first quarter. Acadian Asset Management LLC now owns 142,937 shares of the company's stock worth $708,000 after acquiring an additional 45,085 shares during the last quarter. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.