Short Interest in SuRo Capital Corp. (NASDAQ:SSSS) Increases By 170.8%

SuRo Capital Corp. (NASDAQ:SSSS - Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 57,400 shares, a growth of 170.8% from the April 30th total of 21,200 shares. Approximately 0.3% of the company's shares are short sold. Based on an average daily volume of 199,500 shares, the short-interest ratio is presently 0.3 days.

Insider Activity

In other SuRo Capital news, CEO Mark D. Klein purchased 16,500 shares of SuRo Capital 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 completion of the transaction, the chief executive officer now directly owns 1,216,019 shares in the company, valued at approximately $6,396,259.94. This represents a 1.38% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.69% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SSSS. Acadian Asset Management LLC raised its stake 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 valued at $708,000 after purchasing an additional 45,085 shares in the last quarter. Jane Street Group LLC increased its holdings in 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 buying an additional 6,701 shares during the last quarter. Needham Investment Management LLC raised its stake in SuRo Capital by 12.2% during the first quarter. Needham Investment Management LLC now owns 378,594 shares of the company's stock valued at $1,882,000 after buying an additional 41,200 shares in the last quarter. Granahan Investment Management LLC bought a new position in SuRo Capital during the 1st quarter worth approximately $194,000. Finally, Trexquant Investment LP bought a new position in SuRo Capital during the 1st quarter worth approximately $134,000. 12.95% of the stock is owned by institutional investors and hedge funds.

SuRo Capital Stock Up 0.7%

Shares of SSSS traded up $0.05 during mid-day trading on Monday, reaching $6.35. 36,284 shares of the stock traded hands, compared to its average volume of 159,000. The stock has a fifty day simple moving average of $5.20 and a 200 day simple moving average of $5.58. SuRo Capital has a 12-month low of $3.52 and a 12-month high of $6.83. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47. The firm has a market cap of $149.44 million, a price-to-earnings ratio of -3.35 and a beta of 1.62.

SuRo Capital (NASDAQ:SSSS - Get Free Report) last released 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). The firm had revenue of $0.50 million for the quarter, compared to analysts' expectations of $1.23 million. SuRo Capital had a negative return on equity of 7.28% and a negative net margin of 801.00%.

Analysts Set New Price Targets

SSSS has been the topic of several recent research reports. Wall Street Zen upgraded shares of SuRo Capital from a "sell" rating to a "hold" rating in a report on Saturday. Citigroup reaffirmed an "outperform" rating on shares of SuRo Capital in a research report on Wednesday, March 12th. Finally, Barrington Research reiterated an "outperform" rating and issued a $8.00 target price on shares of SuRo Capital in a research note on Tuesday, April 8th.

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.