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

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

SSSS has been the subject of several other research reports. Citigroup reiterated an "outperform" rating on shares of SuRo Capital in a research report on Wednesday, March 12th. Barrington Research restated an "outperform" rating and issued a $8.00 target price on shares of SuRo Capital in a research note on Tuesday, April 8th.

SuRo Capital Price Performance

NASDAQ:SSSS traded up $0.89 during trading hours on Friday, reaching $7.53. The company had a trading volume of 1,866,721 shares, compared to its average volume of 167,982. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $5.29 and a two-hundred day moving average of $5.62. SuRo Capital has a one year low of $3.52 and a one year high of $7.80. The firm has a market capitalization of $177.35 million, a PE ratio of -3.98 and a beta of 1.62.

SuRo Capital (NASDAQ:SSSS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.02). SuRo Capital had a negative net margin of 801.00% and a negative return on equity of 7.28%. The firm had revenue of $0.50 million during the quarter, compared to analyst estimates of $1.23 million.

Insider Activity at SuRo Capital

In other news, CEO Mark D. Klein acquired 16,500 shares of the firm's stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $5.26 per share, for a total transaction of $86,790.00. Following the transaction, the chief executive officer now owns 1,216,019 shares of the company's stock, valued at approximately $6,396,259.94. This represents a 1.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.69% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SuRo Capital

Several large investors have recently made changes to their positions in SSSS. Wolverine Trading LLC bought a new stake in shares of SuRo Capital during the fourth quarter worth approximately $414,000. Marshall Wace LLP acquired a new stake in SuRo Capital during the 4th quarter worth $461,000. Choreo LLC raised its position in shares of SuRo Capital by 16.6% during the 4th quarter. Choreo LLC now owns 19,380 shares of the company's stock valued at $117,000 after acquiring an additional 2,764 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its stake in shares of SuRo Capital by 24.7% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,357,409 shares of the company's stock valued at $7,982,000 after purchasing an additional 268,899 shares during the period. Finally, Levin Capital Strategies L.P. lifted its stake in shares of SuRo Capital by 85.5% in the 4th quarter. Levin Capital Strategies L.P. now owns 145,510 shares of the company's stock valued at $856,000 after purchasing an additional 67,049 shares during the period. Institutional investors and hedge funds 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.