JMP Securities Issues Positive Forecast for SURO Capital (NASDAQ:SSSS) Stock Price

SURO Capital (NASDAQ:SSSS - Get Free Report) had its price target increased by equities research analysts at JMP Securities from $8.00 to $10.00 in a research note issued to investors on Wednesday, July 16th, Marketbeat reports. The firm presently has a "market outperform" rating on the stock. JMP Securities' price objective indicates a potential upside of 21.95% from the stock's previous close.

Several other equities analysts have also issued reports on SSSS. BTIG Research set a $10.00 price target on SURO Capital and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Wall Street Zen raised SURO Capital from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st. Finally, Barrington Research lifted their price target on SURO Capital from $9.00 to $10.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, SURO Capital has an average rating of "Moderate Buy" and an average target price of $10.00.

SURO Capital Stock Performance

Shares of SSSS stock opened at $8.20 on Wednesday. SURO Capital has a 12 month low of $3.52 and a 12 month high of $9.12. The stock has a market cap of $195.90 million, a PE ratio of -4.34 and a beta of 1.80. The company has a current ratio of 11.23, a quick ratio of 11.23 and a debt-to-equity ratio of 0.47. The company's fifty day moving average price is $7.76 and its 200-day moving average price is $6.27.

SURO Capital (NASDAQ:SSSS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.02). SURO Capital had a negative net margin of 462.84% and a negative return on equity of 6.61%. The business had revenue of $0.50 million for the quarter, compared to the consensus estimate of $1.23 million.

Insiders Place Their Bets

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

Hedge Funds Weigh In On SURO Capital

A number of hedge funds have recently bought and sold shares of SSSS. Jump Financial LLC purchased a new position in SURO Capital in the 1st quarter worth about $59,000. Invesco Ltd. purchased a new position in SURO Capital in the 1st quarter worth about $62,000. Millennium Management LLC purchased a new position in SURO Capital in the 4th quarter worth about $65,000. Jane Street Group LLC purchased a new position in SURO Capital in the 4th quarter worth about $67,000. Finally, JPMorgan Chase & Co. increased its position 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 purchasing an additional 12,840 shares during the last quarter. Hedge funds and other institutional investors own 12.95% of the company's stock.

About SURO Capital

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.