SuRo Capital (NASDAQ:SSSS) Given Outperform Rating at Barrington Research

SuRo Capital (NASDAQ:SSSS)‘s stock had its “outperform” rating reissued by investment analysts at Barrington Research in a research note issued on Thursday, Benzinga reports. They currently have a $6.00 target price on the stock. Barrington Research’s price objective would suggest a potential upside of 56.25% from the company’s current price.

Separately, JMP Securities upped their target price on shares of SuRo Capital from $5.50 to $6.00 and gave the stock a “market outperform” rating in a research note on Tuesday, March 26th.

SuRo Capital Stock Down 0.5 %

NASDAQ:SSSS traded down $0.02 during mid-day trading on Thursday, hitting $3.84. 4,793 shares of the company’s stock were exchanged, compared to its average volume of 96,773. SuRo Capital has a one year low of $3.10 and a one year high of $4.72. The company has a debt-to-equity ratio of 0.36, a current ratio of 58.92 and a quick ratio of 58.92. The business has a fifty day moving average price of $4.22 and a 200 day moving average price of $4.05. The company has a market cap of $97.34 million, a PE ratio of 18.29 and a beta of 1.56.

SuRo Capital (NASDAQ:SSSS) last posted its quarterly earnings data on Wednesday, March 13th. The company reported ($0.11) EPS for the quarter. The business had revenue of $2.46 million for the quarter. SuRo Capital had a negative return on equity of 6.58% and a net margin of 76.81%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd bought a new position in SuRo Capital during the fourth quarter valued at approximately $184,000. Bulldog Investors LLP lifted its position in SuRo Capital by 15.1% during the fourth quarter. Bulldog Investors LLP now owns 152,373 shares of the company’s stock valued at $600,000 after purchasing an additional 20,011 shares during the period. Royal Bank of Canada lifted its position in SuRo Capital by 928.6% during the fourth quarter. Royal Bank of Canada now owns 21,086 shares of the company’s stock valued at $83,000 after purchasing an additional 19,036 shares during the period. Northern Trust Corp bought a new position in SuRo Capital during the fourth quarter valued at approximately $114,000. Finally, Gabelli Funds LLC lifted its position in SuRo Capital by 125.0% during the fourth quarter. Gabelli Funds LLC now owns 202,500 shares of the company’s stock valued at $798,000 after purchasing an additional 112,500 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.