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

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 research report issued to clients and investors on Saturday.

Several other research analysts have also commented on the stock. Citigroup restated an "outperform" rating on shares of SURO Capital in a research note on Wednesday, July 16th. Barrington Research upped their price objective 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. JMP Securities upped their price objective 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. Finally, BTIG Research set a $10.00 price objective on shares of SURO Capital and gave the stock a "buy" rating in a report on Tuesday, July 1st. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $10.00.

SURO Capital Stock Up 0.8%

SURO Capital stock traded up $0.07 during trading hours on Friday, hitting $8.48. The company had a trading volume of 141,717 shares, compared to its average volume of 183,540. The firm's fifty day moving average is $8.05 and its 200-day moving average is $6.38. SURO Capital has a fifty-two week low of $3.65 and a fifty-two week high of $9.12. The firm has a market capitalization of $202.59 million, a P/E ratio of -4.49 and a beta of 1.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 22.50 and a quick ratio of 22.50.

SURO Capital (NASDAQ:SSSS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate 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 company had revenue of $0.17 million for the quarter, compared to analyst estimates of $0.50 million.

Hedge Funds Weigh In On SURO Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in SSSS. Millennium Management LLC acquired a new stake in shares of SURO Capital during the 4th quarter worth about $65,000. Jane Street Group LLC acquired a new stake in shares of SURO Capital during the 4th quarter worth about $67,000. Jump Financial LLC acquired a new stake in shares of SURO Capital during the 1st quarter worth about $59,000. Invesco Ltd. acquired a new stake in shares of SURO Capital during the 1st quarter worth about $62,000. 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 worth $76,000 after purchasing an additional 12,840 shares in the last quarter. 12.95% of the stock is owned by institutional investors.

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.