SURO Capital (NASDAQ:SSSS) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded SURO Capital from “sell” to “hold,” while other analysts have recently turned more constructive, leaving the stock with an overall average rating of “Buy” and a $15.00 price target.
• Shares were down 1.7% in Friday trading, opening at $13.22. The stock has ranged from a 52-week low of $5.17 to a high of $14.48.
• CEO Mark D. Klein bought 2,500 shares at $13.08 each, and institutional investors such as Invesco and Private Advisor Group also increased their positions in recent quarters.

SURO Capital (NASDAQ:SSSS - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Other research analysts also recently issued research reports about the stock. Barrington Research upped their target price on shares of SURO Capital from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Wednesday. BTIG Research upped their target price on shares of SURO Capital from $12.50 to $15.00 and gave the stock a "buy" rating in a report on Thursday, April 9th. Citizens Jmp upped their target price on shares of SURO Capital from $13.00 to $15.00 and gave the stock a "market outperform" rating in a report on Thursday, April 9th. Weiss Ratings downgraded shares of SURO Capital from a "buy (b)" rating to a "hold (c)" rating in a report on Wednesday, March 18th. Finally, Citigroup reaffirmed an "outperform" rating on shares of SURO Capital in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $15.00.

SURO Capital Trading Down 1.7%

Shares of SSSS stock opened at $13.22 on Friday. SURO Capital has a 1 year low of $5.17 and a 1 year high of $14.48. The firm has a fifty day moving average price of $11.25 and a 200-day moving average price of $10.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 54.37 and a quick ratio of 54.37. The company has a market cap of $344.65 million, a price-to-earnings ratio of 1.89 and a beta of 1.40.

SURO Capital (NASDAQ:SSSS - Get Free Report) last issued its quarterly earnings data on Tuesday, March 10th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.03). SURO Capital had a net margin of 10,695.73% and a negative return on equity of 7.69%. The business had revenue of $0.56 million for the quarter, compared to the consensus estimate of $0.35 million.

Insider Buying and Selling

In related news, CEO Mark D. Klein purchased 2,500 shares of the firm's stock in a transaction on Tuesday, April 21st. The shares were acquired at an average price of $13.08 per share, for a total transaction of $32,700.00. Following the purchase, the chief executive officer directly owned 1,673,521 shares in the company, valued at $21,889,654.68. This trade represents a 0.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.69% of the stock is currently owned by insiders.

Institutional Trading of SURO Capital

Several hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC lifted its stake in SURO Capital by 51.4% in the 1st quarter. Private Advisor Group LLC now owns 69,034 shares of the company's stock worth $739,000 after purchasing an additional 23,446 shares in the last quarter. Ritholtz Wealth Management lifted its stake in SURO Capital by 13.4% in the 1st quarter. Ritholtz Wealth Management now owns 24,264 shares of the company's stock worth $260,000 after purchasing an additional 2,862 shares in the last quarter. Invesco Ltd. lifted its stake in SURO Capital by 560.4% in the 4th quarter. Invesco Ltd. now owns 99,449 shares of the company's stock worth $939,000 after purchasing an additional 84,389 shares in the last quarter. Trexquant Investment LP raised its position in shares of SURO Capital by 359.3% during the 4th quarter. Trexquant Investment LP now owns 47,746 shares of the company's stock valued at $451,000 after buying an additional 37,351 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of SURO Capital by 171.2% during the 4th quarter. Royal Bank of Canada now owns 15,293 shares of the company's stock valued at $144,000 after buying an additional 9,655 shares in the last quarter. Hedge funds and other institutional investors own 12.95% of the company's stock.

About SURO Capital

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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