Barrington Research Forecasts Strong Price Appreciation for SURO Capital (NASDAQ:SSSS) Stock

SURO Capital (NASDAQ:SSSS - Get Free Report) had its target price upped by 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 points to a potential upside of 20.48% from the stock's previous close.

SSSS has been the topic of several other research reports. Wall Street Zen raised SURO Capital from a "sell" rating to a "hold" rating in a report on Saturday, May 31st. Citigroup reaffirmed an "outperform" rating on shares of SURO Capital in a report on Wednesday, March 12th. Finally, BTIG Research set a $10.00 price objective on SURO Capital and gave the stock a "buy" rating in a report on Tuesday, July 1st.

SURO Capital Stock Down 2.8%

Shares of NASDAQ SSSS traded down $0.24 during mid-day trading on Wednesday, hitting $8.30. The company had a trading volume of 195,465 shares, compared to its average volume of 191,571. The company has a market capitalization of $198.29 million, a PE ratio of -4.39 and a beta of 1.80. 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 has a 1-year low of $3.52 and a 1-year high of $8.77. The business's 50-day simple moving average is $7.00 and its 200 day simple moving average is $6.03.

SURO Capital (NASDAQ:SSSS - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $0.50 million during the quarter, compared to analyst estimates of $1.23 million. SURO Capital had a negative net margin of 462.84% and a negative return on equity of 6.61%.

Insider Activity

In other SURO Capital news, CEO Mark D. Klein acquired 16,500 shares of the stock in a transaction on Friday, May 9th. The shares were bought at an average price of $5.26 per share, with a total value of $86,790.00. Following the acquisition, the chief executive officer owned 1,216,019 shares of the company's stock, valued at $6,396,259.94. This trade represents a 1.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SURO Capital

Institutional investors have recently added to or reduced their stakes in the business. Jump Financial LLC acquired a new stake in shares of SURO Capital during the 1st quarter valued at approximately $59,000. Invesco Ltd. acquired a new position in SURO Capital in the 1st quarter valued at $62,000. Millennium Management LLC acquired a new position in SURO Capital in the 4th quarter valued at $65,000. Jane Street Group LLC acquired a new position in SURO Capital in the 4th quarter valued at $67,000. Finally, JPMorgan Chase & Co. grew its stake in shares of SURO Capital by 8,025.0% during the 4th quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company's stock valued at $76,000 after buying an additional 12,840 shares during the period. Hedge funds and other institutional investors own 12.95% of the company's stock.

SURO Capital Company Profile

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.