SURO Capital (NASDAQ:SSSS) Upgraded to “Strong-Buy” at Lucid Cap Mkts

SURO Capital (NASDAQ:SSSS) was upgraded by research analysts at Lucid Cap Mkts to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other brokerages also recently issued reports on SSSS. Barrington Research boosted their target price on shares of SURO Capital from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Wall Street Zen lowered SURO Capital from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. Capital One Financial set a $12.00 price objective on SURO Capital in a research note on Monday. BTIG Research lifted their target price on SURO Capital from $10.00 to $10.50 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of SURO Capital in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $11.13.

SURO Capital Trading Down 0.1%

Shares of SSSS opened at $9.79 on Monday. The business’s 50-day moving average price is $9.49 and its 200 day moving average price is $9.01. The company has a current ratio of 18.48, a quick ratio of 18.48 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $245.92 million, a P/E ratio of -23.31 and a beta of 1.39. SURO Capital has a 1-year low of $4.21 and a 1-year high of $10.34.

SURO Capital (NASDAQ:SSSS) last announced its earnings results on Tuesday, November 4th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.08. SURO Capital had a net margin of 2,930.42% and a negative return on equity of 5.64%. The company had revenue of $0.46 million during the quarter, compared to analysts’ expectations of $0.17 million.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SSSS. Invesco Ltd. acquired a new stake in shares of SURO Capital in the 1st quarter valued at $62,000. Trexquant Investment LP bought a new position in SURO Capital during the first quarter valued at about $134,000. Jane Street Group LLC lifted its position in shares of SURO Capital by 58.5% in the first quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock worth $90,000 after buying an additional 6,701 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of SURO Capital by 46.1% during the 1st quarter. Acadian Asset Management LLC now owns 142,937 shares of the company’s stock worth $708,000 after acquiring an additional 45,085 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of SURO Capital by 18.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 206,652 shares of the company’s stock valued at $1,697,000 after acquiring an additional 32,119 shares during the last quarter. Institutional investors and hedge funds own 12.95% of the company’s stock.

SURO Capital Company Profile

SURO Capital Corp (NASDAQ: SSSS) is a closed-end management investment company that operates as a business development company (BDC). Founded in 2013 and headquartered in Lewisville, Texas, SURO Capital provides capital solutions to lower middle-market companies across a range of industries. As a BDC, the company is governed by the Investment Company Act of 1940 and focuses on offering debt and equity financing to privately held businesses that may have limited access to traditional bank lending.

The firm’s primary business activities include originating and managing a diversified portfolio of senior secured floating rate loans, unsecured loans, unitranche debt, and equity co-investments.