SURO Capital (NASDAQ:SSSS) Upgraded by Wall Street Zen to Strong-Buy Rating

Key Points

• SURO Capital was upgraded from a "hold" rating to a "strong-buy" rating by Wall Street Zen, indicating growing confidence in the company's prospects.
• Several research firms, including Barrington Research and JMP Securities, have raised their target price for SURO Capital to $10.00, reflecting an optimistic outlook for the stock.
• Despite a recent earnings report showing a loss, SURO Capital has a consensus rating of "Buy" and a market capitalization of approximately $202.59 million.

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

Several other analysts have also recently commented on the stock. JMP Securities raised their price target on shares of SURO Capital from $8.00 to $10.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 16th. BTIG Research set a $10.00 price target on shares of SURO Capital and gave the stock a "buy" rating in a report on Tuesday, July 1st. Barrington Research raised their price target on shares of SURO Capital from $9.00 to $10.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Finally, Citigroup restated an "outperform" rating on shares of SURO Capital in a report on Wednesday, July 16th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $10.00.

SURO Capital Stock Down 0.3%

NASDAQ SSSS traded down $0.03 during trading hours on Friday, reaching $8.59. 76,207 shares of the company traded hands, compared to its average volume of 234,307. SURO Capital has a 12 month low of $3.71 and a 12 month high of $9.12. The company has a current ratio of 22.50, a quick ratio of 22.50 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $205.22 million, a PE ratio of -4.54 and a beta of 1.80. The company has a 50 day moving average of $8.14 and a two-hundred day moving average of $6.41.

SURO Capital (NASDAQ:SSSS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.16) EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.01. SURO Capital had a net margin of 2,015.55% and a negative return on equity of 6.10%. The firm had revenue of $0.17 million for the quarter, compared to the consensus estimate of $0.50 million.

Insider Transactions at SURO Capital

In other SURO Capital news, CEO Mark D. Klein purchased 10,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were purchased at an average price of $8.45 per share, with a total value of $84,500.00. Following the acquisition, the chief executive officer directly owned 1,530,590 shares of the company's stock, valued at $12,933,485.50. This represents a 0.66% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 6.69% of the company's stock.

Institutional Investors Weigh In On SURO Capital

Several institutional investors and hedge funds have recently bought and sold shares of SSSS. Millennium Management LLC acquired a new stake in shares of SURO Capital in the 4th quarter valued at $65,000. Jane Street Group LLC acquired a new position in SURO Capital during the 4th quarter valued at about $67,000. Jump Financial LLC acquired a new position in SURO Capital during the 1st quarter valued at about $59,000. Invesco Ltd. acquired a new position in SURO Capital during the 1st quarter valued at about $62,000. Finally, JPMorgan Chase & Co. raised its position in shares of SURO Capital by 8,025.0% in the 4th quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company's stock valued at $76,000 after acquiring an additional 12,840 shares during the period. 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.