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

Key Points

• Consensus "Buy": Six analysts give SURO Capital an average rating of "Buy" (4 buys, 1 hold, 1 strong buy) with a 12‑month average target of $13.13, and recent upgrades include Barrington raising its target to $15 and BTIG to $12.50.
• Trading and fundamentals: SSSS opened at $10.27 (near its one‑year high of $10.62), has a market cap of about $260.7M, a P/E of 5.8, and roughly 12.95% ownership by hedge funds and other institutions.
• Recent results: The company reported Q EPS of ($0.23), missing the ($0.20) estimate, while quarterly revenue of $0.56M beat the $0.35M consensus.

SURO Capital Corp. (NASDAQ:SSSS - Get Free Report) has earned an average rating of "Buy" from the six analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $13.1250.

A number of research analysts recently weighed in on SSSS shares. Wall Street Zen lowered SURO Capital from a "hold" rating to a "sell" rating in a research report on Saturday, March 14th. Capital One Financial set a $12.00 target price on SURO Capital in a report on Monday, January 5th. Lucid Cap Mkts raised SURO Capital to a "strong-buy" rating in a research note on Monday, January 5th. Barrington Research raised their price target on SURO Capital from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Wednesday, March 11th. Finally, BTIG Research lifted their price target on SURO Capital from $10.50 to $12.50 and gave the stock a "buy" rating in a research report on Wednesday, March 11th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SSSS. Tactive Advisors LLC lifted its stake in shares of SURO Capital by 7.0% in the third quarter. Tactive Advisors LLC now owns 20,037 shares of the company's stock worth $180,000 after buying an additional 1,317 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of SURO Capital by 9.4% during the third quarter. Farther Finance Advisors LLC now owns 20,132 shares of the company's stock valued at $181,000 after acquiring an additional 1,735 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of SURO Capital by 5.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 37,400 shares of the company's stock valued at $353,000 after acquiring an additional 2,000 shares in the last quarter. Bank of America Corp DE raised its holdings in SURO Capital by 222.2% in the 2nd 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 last quarter. Finally, Hazlett Burt & Watson Inc. raised its holdings in SURO Capital by 2,587.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,655 shares of the company's stock worth $33,000 after acquiring an additional 3,519 shares during the last quarter. 12.95% of the stock is owned by hedge funds and other institutional investors.

SURO Capital Trading Down 2.7%

NASDAQ:SSSS opened at $10.27 on Friday. SURO Capital has a one year low of $4.21 and a one year high of $10.62. The company has a debt-to-equity ratio of 0.34, a current ratio of 54.37 and a quick ratio of 54.37. The company's 50-day simple moving average is $9.54 and its 200 day simple moving average is $9.42. The firm has a market capitalization of $260.73 million, a P/E ratio of 5.80 and a beta of 1.43.

SURO Capital (NASDAQ:SSSS - Get Free Report) last announced its earnings results on Monday, March 9th. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.03). SURO Capital had a net margin of 2,894.90% and a negative return on equity of 8.12%. The business had revenue of $0.56 million for the quarter, compared to the consensus estimate of $0.35 million.

About SURO Capital

SURO Capital Corp NASDAQ: SSSS is a closed-end management investment company that operates as a business development company (BDC). Founded in 2013 and headquartered in Lewisville, Texas, SURO Capital provides capital solutions to lower middle-market companies across a range of industries. As a BDC, the company is governed by the Investment Company Act of 1940 and focuses on offering debt and equity financing to privately held businesses that may have limited access to traditional bank lending.

The firm's primary business activities include originating and managing a diversified portfolio of senior secured floating rate loans, unsecured loans, unitranche debt, and equity co-investments.

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