Wall Street Zen Upgrades SuRo Capital (NASDAQ:SSSS) to "Hold"

SuRo Capital (NASDAQ:SSSS - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Several other brokerages also recently commented on SSSS. Citigroup reiterated an "outperform" rating on shares of SuRo Capital in a report on Wednesday, March 12th. Barrington Research reissued an "outperform" rating and set a $8.00 target price on shares of SuRo Capital in a research report on Tuesday, April 8th.

SuRo Capital Stock Up 0.2%

NASDAQ SSSS traded up $0.01 during trading on Friday, reaching $6.31. The company's stock had a trading volume of 59,287 shares, compared to its average volume of 159,085. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $148.61 million, a PE ratio of -3.34 and a beta of 1.62. The business has a 50-day moving average price of $5.20 and a 200-day moving average price of $5.58. SuRo Capital has a 1-year low of $3.52 and a 1-year high of $6.83.

SuRo Capital (NASDAQ:SSSS - Get Free Report) last posted 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 business 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 801.00% and a negative return on equity of 7.28%.

Insiders Place Their Bets

In related news, CEO Mark D. Klein acquired 16,500 shares of the company's stock in a transaction dated Friday, May 9th. The shares were bought at an average price of $5.26 per share, for a total transaction of $86,790.00. Following the acquisition, the chief executive officer now owns 1,216,019 shares in the company, valued at $6,396,259.94. This trade represents a 1.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.69% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jump Financial LLC bought a new position in shares of SuRo Capital during the 1st quarter worth about $59,000. Invesco Ltd. bought a new position in shares of SuRo Capital during the 1st quarter worth about $62,000. Millennium Management LLC bought a new position in shares of SuRo Capital during the 4th quarter worth about $65,000. Jane Street Group LLC bought a new position in shares of SuRo Capital during the 4th quarter worth about $67,000. Finally, JPMorgan Chase & Co. increased its holdings 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 worth $76,000 after purchasing an additional 12,840 shares during the period. 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.