SURO Capital (NASDAQ:SSSS) Price Target Raised to $15.00 at Citizens Jmp

Key Points

• Citizens Jmp raised SURO Capital's price target to $15 (from $13) and kept a "market outperform" rating, implying roughly a 17.4% upside from the prior close.
• Analyst consensus remains positive with one Strong Buy, four Buy and one Hold, giving SURO Capital a consensus rating of "Buy" and an average price target of $14.75.
• Institutional investors have been increasing exposure—Invesco boosted its stake by 560.4%, Trexquant by 359.3% and RBC by 171.2%—and about 12.95% of the stock is held by hedge funds and other institutions.

SURO Capital (NASDAQ:SSSS - Get Free Report) had its price target upped by equities researchers at Citizens Jmp from $13.00 to $15.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "market outperform" rating on the stock. Citizens Jmp's price objective indicates a potential upside of 17.37% from the stock's previous close.

A number of other analysts have also weighed in on the stock. Wall Street Zen lowered shares of SURO Capital from a "hold" rating to a "sell" rating in a report on Saturday, March 14th. Lucid Cap Mkts raised SURO Capital to a "strong-buy" rating in a report on Monday, January 5th. Weiss Ratings lowered shares of SURO Capital from a "buy (b)" rating to a "hold (c)" rating in a report on Wednesday, March 18th. Capital One Financial set a $12.00 price objective on SURO Capital in a report on Monday, January 5th. Finally, BTIG Research upped their target price on SURO Capital from $12.50 to $15.00 and gave the stock a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, SURO Capital currently has a consensus rating of "Buy" and an average price target of $14.75.

SURO Capital Stock Up 5.0%

Shares of NASDAQ SSSS opened at $12.78 on Thursday. 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 has a 50-day moving average price of $9.81 and a 200-day moving average price of $9.55. The stock has a market capitalization of $324.48 million, a P/E ratio of 7.14 and a beta of 1.32. SURO Capital has a 1 year low of $4.33 and a 1 year high of $12.49.

SURO Capital (NASDAQ:SSSS - Get Free Report) last announced its quarterly earnings results on Tuesday, March 10th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.03). The business had revenue of $0.56 million during the quarter, compared to the consensus estimate of $0.35 million. SURO Capital had a net margin of 2,894.90% and a negative return on equity of 8.12%.

Institutional Investors Weigh In On SURO Capital

Several institutional investors have recently bought and sold shares of SSSS. Invesco Ltd. increased its stake in SURO Capital by 560.4% in the 4th quarter. Invesco Ltd. now owns 99,449 shares of the company's stock worth $939,000 after purchasing an additional 84,389 shares during the period. Trexquant Investment LP increased its stake in shares of SURO Capital by 359.3% in the fourth quarter. Trexquant Investment LP now owns 47,746 shares of the company's stock worth $451,000 after buying an additional 37,351 shares during the period. Royal Bank of Canada raised its holdings in SURO Capital by 171.2% during the 4th quarter. Royal Bank of Canada now owns 15,293 shares of the company's stock valued at $144,000 after buying an additional 9,655 shares during the last quarter. Mangrove Partners IM LLC purchased a new stake in SURO Capital during the 4th quarter valued at $497,000. Finally, Heron Bay Capital Management bought a new stake in SURO Capital in the 4th quarter worth $137,000. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

SURO Capital Company Profile

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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