JMP Securities set a $10.00 price objective on SURO Capital (NASDAQ:SSSS - Free Report) in a report issued on Wednesday morning, MarketBeat reports. The firm currently has a market outperform rating on the stock.
A number of other equities research analysts also recently commented on the stock. Wall Street Zen upgraded shares of SURO Capital from a "sell" rating to a "hold" rating in a report on Saturday, May 31st. Barrington Research lifted their target price on shares of SURO Capital from $9.00 to $10.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Finally, BTIG Research set a $10.00 price target on SURO Capital and gave the company a "buy" rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.00.
Check Out Our Latest Stock Analysis on SSSS
SURO Capital Price Performance
Shares of SSSS traded down $0.21 on Wednesday, reaching $8.81. The stock had a trading volume of 124,215 shares, compared to its average volume of 193,219. The firm has a market capitalization of $210.35 million, a PE ratio of -4.66 and a beta of 1.80. The company has a quick ratio of 11.23, a current ratio of 11.23 and a debt-to-equity ratio of 0.47. SURO Capital has a twelve month low of $3.52 and a twelve month high of $9.12. The firm has a 50-day moving average of $7.28 and a 200 day moving average of $6.10.
SURO Capital (NASDAQ:SSSS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.02). SURO Capital had a negative return on equity of 6.61% and a negative net margin of 462.84%. The business had revenue of $0.50 million for the quarter, compared to analysts' expectations of $1.23 million.
SURO Capital Cuts Dividend
The business also recently disclosed a -- dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, July 21st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, July 21st.
Insider Buying and Selling at SURO Capital
In other news, CEO Mark D. Klein purchased 16,500 shares of the stock in a transaction on Friday, May 9th. The stock was purchased at an average price of $5.26 per share, with a total value of $86,790.00. Following the completion of the transaction, the chief executive officer owned 1,216,019 shares in the company, valued at approximately $6,396,259.94. The trade was a 1.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.69% of the company's stock.
Hedge Funds Weigh In On SURO Capital
Several hedge funds and other institutional investors have recently modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. increased its position in SURO Capital by 26.3% during the 1st 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 grew its stake in SURO Capital by 9.4% during the first 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 during the period. J. Goldman & Co LP acquired a new stake in shares of SURO Capital in the fourth quarter worth $3,592,000. Needham Investment Management LLC raised its stake in shares of SURO Capital by 12.2% in the 1st 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 lifted its holdings in shares of SURO Capital by 7.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 225,750 shares of the company's stock valued at $1,122,000 after acquiring an additional 15,000 shares in the last quarter. 12.95% of the stock is owned by institutional investors and hedge funds.
SURO Capital Company Profile
(
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.
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