SURO Capital Corp. (NASDAQ:SSSS) Given Average Rating of "Buy" by Analysts

Key Points

• SURO Capital Corp. has received a consensus rating of "Buy" from four research firms, with an average target price of $10.00.
• CEO Mark D. Klein recently acquired 10,000 shares of SURO Capital at a price of $8.45 per share, raising his total holdings to approximately $12.9 million.
• The company reported a loss of $0.16 per share in its recent quarterly earnings, slightly beating analyst expectations of a loss of $0.17.

Shares of SURO Capital Corp. (NASDAQ:SSSS - Get Free Report) have been given a consensus rating of "Buy" by the four research firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $10.00.

A number of research analysts recently weighed in on SSSS shares. BTIG Research set a $10.00 price objective on shares of SURO Capital and gave the company a "buy" rating in a research note on Tuesday, July 1st. Weiss Ratings restated a "hold (c)" rating on shares of SURO Capital in a research report on Saturday, September 27th. JMP Securities boosted their price target on shares of SURO Capital from $8.00 to $10.00 and gave the company a "market outperform" rating in a research report on Wednesday, July 16th. Citigroup restated an "outperform" rating on shares of SURO Capital in a research report on Wednesday, July 16th. Finally, Barrington Research boosted 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, July 9th.

Insider Activity

In related news, CEO Mark D. Klein acquired 10,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was bought at an average cost of $8.45 per share, with a total value of $84,500.00. Following the acquisition, the chief executive officer owned 1,530,590 shares of the company's stock, valued at approximately $12,933,485.50. The trade was a 0.66% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.69% of the company's stock.

Institutional Trading of SURO Capital

Several hedge funds have recently added to or reduced their stakes in SSSS. Bank of America Corp DE lifted its stake in SURO 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 purchasing an additional 2,253 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of SURO Capital in the second quarter valued at about $31,000. Jump Financial LLC purchased a new position in shares of SURO Capital in the first quarter valued at about $59,000. Invesco Ltd. purchased a new position in shares of SURO Capital in the first quarter valued at about $62,000. Finally, Millennium Management LLC purchased a new position in shares of SURO Capital during the fourth quarter valued at about $65,000. 12.95% of the stock is owned by institutional investors.

SURO Capital Stock Performance

SURO Capital stock traded down $0.01 during mid-day trading on Friday, reaching $9.37. The company's stock had a trading volume of 193,551 shares, compared to its average volume of 232,206. SURO Capital has a 12-month low of $3.87 and a 12-month high of $9.50. The company has a market capitalization of $223.85 million, a P/E ratio of -4.96 and a beta of 1.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 22.50 and a current ratio of 22.50. The firm's fifty day moving average price is $8.74 and its two-hundred day moving average price is $7.19.

SURO Capital (NASDAQ:SSSS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.16) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.01. SURO Capital had a net margin of 2,015.55% and a negative return on equity of 6.10%. The business had revenue of $0.17 million during the quarter, compared to analyst estimates of $0.50 million.

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.

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