SURO Capital (NASDAQ:SSSS - Get Free Report) had its price objective hoisted by research analysts at Barrington Research from $9.00 to $10.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Barrington Research's target price suggests a potential upside of 20.48% from the company's current price.
Other analysts have also recently issued reports about the stock. BTIG Research set a $10.00 price target on shares of SURO Capital and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Citigroup restated an "outperform" rating on shares of SURO Capital in a research note on Wednesday, March 12th. Finally, Wall Street Zen upgraded SURO Capital from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st.
View Our Latest Stock Analysis on SURO Capital
SURO Capital Price Performance
NASDAQ:SSSS traded down $0.24 during trading hours on Wednesday, reaching $8.30. 195,465 shares of the company traded hands, compared to its average volume of 190,398. SURO Capital has a 1-year low of $3.52 and a 1-year high of $8.77. The stock has a market cap of $198.29 million, a P/E ratio of -4.39 and a beta of 1.80. The firm's 50-day moving average is $6.93 and its 200-day moving average is $6.01. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.23 and a quick ratio of 11.23.
SURO Capital (NASDAQ:SSSS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.02). The firm had revenue of $0.50 million during the quarter, compared to analysts' expectations of $1.23 million. SURO Capital had a negative net margin of 462.84% and a negative return on equity of 6.61%.
Insider Buying and Selling at SURO Capital
In other news, CEO Mark D. Klein bought 16,500 shares of SURO Capital stock in a transaction on Friday, May 9th. The stock was purchased at an average cost of $5.26 per share, with a total value of $86,790.00. Following the purchase, the chief executive officer directly owned 1,216,019 shares of the company's stock, valued at approximately $6,396,259.94. This trade represents a 1.38% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 6.69% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On SURO Capital
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thomas J. Herzfeld Advisors Inc. grew its stake in shares of SURO Capital by 26.3% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,714,062 shares of the company's stock worth $8,519,000 after purchasing an additional 356,653 shares in the last quarter. Gabelli Funds LLC raised its position in shares of SURO Capital by 9.4% during the 1st quarter. Gabelli Funds LLC now owns 1,274,160 shares of the company's stock worth $6,333,000 after buying an additional 109,660 shares in the last quarter. J. Goldman & Co LP acquired a new stake in shares of SURO Capital in the 4th quarter worth approximately $3,592,000. Needham Investment Management LLC increased its stake in shares of 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 acquiring an additional 41,200 shares during the period. Finally, Gamco Investors INC. ET AL raised its holdings in SURO Capital by 7.1% during the first quarter. Gamco Investors INC. ET AL now owns 225,750 shares of the company's stock worth $1,122,000 after purchasing an additional 15,000 shares in the last quarter. 12.95% of the stock is owned by institutional investors.
About SURO Capital
(
Get Free Report)
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.
See Also
Before you consider SURO Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SURO Capital wasn't on the list.
While SURO Capital currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
