SURO Capital (NASDAQ:SSSS) Price Target Raised to $17.00 at Barrington Research

Key Points

• Barrington Research raised SURO Capital's price target from $15 to $17 and maintained an outperform rating, implying about a 46.27% upside from the current price.
• The analyst consensus is a Buy (one Strong Buy, four Buy, one Hold) with an average price target of $13.63, and multiple firms have recently bumped their targets upward.
• Shares jumped about 5% to $11.62 on heavy volume; the latest quarter missed EPS (-$0.23 vs. -$0.20) but posted revenue of $0.56M versus estimates of $0.35M.

SURO Capital (NASDAQ:SSSS - Get Free Report) had its target price increased by research analysts at Barrington Research from $15.00 to $17.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Barrington Research's price target points to a potential upside of 46.27% from the stock's current price.

Several other analysts also recently issued reports on the stock. Lucid Cap Mkts raised shares of SURO Capital to a "strong-buy" rating in a research note on Monday, January 5th. Citizens Jmp boosted their target price on shares of SURO Capital from $11.00 to $13.00 and gave the company a "market outperform" rating in a research note on Thursday, March 12th. BTIG Research boosted their target price on shares of SURO Capital from $10.50 to $12.50 and gave the company a "buy" rating in a research note on Wednesday, March 11th. Weiss Ratings downgraded shares of SURO Capital from a "buy (b)" rating to a "hold (c)" rating in a research note on Wednesday, March 18th. Finally, Capital One Financial set a $12.00 target price on shares of SURO Capital in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $13.63.

SURO Capital Stock Up 5.0%

NASDAQ:SSSS traded up $0.55 during trading hours on Tuesday, hitting $11.62. 767,126 shares of the stock traded hands, compared to its average volume of 245,379. The firm has a 50 day moving average price of $9.72 and a 200 day moving average price of $9.51. The company has a current ratio of 54.37, a quick ratio of 54.37 and a debt-to-equity ratio of 0.34. SURO Capital has a fifty-two week low of $4.29 and a fifty-two week high of $11.92. The firm has a market cap of $295.08 million, a price-to-earnings ratio of 6.55 and a beta of 1.32.

SURO Capital (NASDAQ:SSSS - Get Free Report) last announced its earnings results on Tuesday, March 10th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $0.56 million for the quarter, compared to analyst estimates of $0.35 million.

Hedge Funds Weigh In On SURO Capital

A number of hedge funds have recently modified their holdings of SSSS. Invesco Ltd. acquired a new position in shares of SURO Capital in the first quarter worth $62,000. Jane Street Group LLC increased its stake in shares of SURO Capital by 58.5% in the first quarter. Jane Street Group LLC now owns 18,153 shares of the company's stock worth $90,000 after acquiring an additional 6,701 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of SURO Capital by 46.1% in the first quarter. Acadian Asset Management LLC now owns 142,937 shares of the company's stock worth $708,000 after acquiring an additional 45,085 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of SURO Capital by 26.2% in the second quarter. Gamco Investors INC. ET AL now owns 285,000 shares of the company's stock worth $2,340,000 after acquiring an additional 59,250 shares during the last quarter. Finally, Gabelli Funds LLC increased its stake in shares of SURO Capital by 13.9% in the second quarter. Gabelli Funds LLC now owns 1,450,834 shares of the company's stock worth $11,911,000 after acquiring an additional 176,674 shares during the last quarter. 12.95% of the stock is owned by institutional investors and hedge funds.

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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