SURO Capital Corp. (NASDAQ:SSSS - Get Free Report) announced a -- dividend on Thursday, July 3rd, 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
NASDAQ SSSS traded down $0.24 during mid-day trading on Friday, hitting $8.30. The company's stock had a trading volume of 195,465 shares, compared to its average volume of 191,571. The company's 50 day simple moving average is $7.00 and its 200 day simple moving average is $6.03. SURO Capital has a twelve month low of $3.52 and a twelve month high of $8.77. 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 (NASDAQ:SSSS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.16) earnings per share (EPS) 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 business had revenue of $0.50 million during the quarter, compared to analyst estimates of $1.23 million.
Insider Transactions at SURO Capital
In other news, CEO Mark D. Klein acquired 16,500 shares of the business's stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $5.26 per share, with a total value of $86,790.00. Following the acquisition, the chief executive officer directly owned 1,216,019 shares of the company's stock, valued at $6,396,259.94. The trade was a 1.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.69% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On SURO Capital
A number of hedge funds have recently bought and sold shares of SSSS. Acadian Asset Management LLC boosted its holdings in shares of SURO Capital by 46.1% in the 1st quarter. Acadian Asset Management LLC now owns 142,937 shares of the company's stock worth $708,000 after buying an additional 45,085 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of SURO Capital by 58.5% in the 1st quarter. Jane Street Group LLC now owns 18,153 shares of the company's stock worth $90,000 after buying an additional 6,701 shares during the last quarter. Finally, Invesco Ltd. purchased a new position in shares of SURO Capital in the 1st quarter worth about $62,000. 12.95% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
SSSS has been the subject of several research reports. Barrington Research lifted their price target on shares of SURO Capital from $9.00 to $10.00 and gave the company an "outperform" rating in a research report on Wednesday. BTIG Research set a $10.00 price target on shares of SURO Capital and gave the company a "buy" rating in a research report on Tuesday, July 1st. Finally, Wall Street Zen raised shares of SURO Capital from a "sell" rating to a "hold" rating in a report on Saturday, May 31st.
Check Out Our Latest Stock Analysis on SURO Capital
SURO Capital Company Profile
(
Get Free Report)
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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