SURO Capital (NASDAQ:SSSS) Given New $13.00 Price Target at Citizens Jmp

SURO Capital (NASDAQ:SSSS) had its price objective upped by Citizens Jmp from $11.00 to $13.00 in a report issued on Thursday morning,Benzinga reports. They currently have a market outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. Barrington Research raised their price objective on SURO Capital from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Wednesday. Wall Street Zen lowered shares of SURO Capital from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Capital One Financial set a $12.00 target price on shares of SURO Capital in a report on Monday, January 5th. BTIG Research raised their price target on shares of SURO Capital from $10.50 to $12.50 and gave the company a “buy” rating in a research report on Wednesday. Finally, Lucid Cap Mkts upgraded shares of SURO Capital to a “strong-buy” rating in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $13.13.

SURO Capital Stock Performance

Shares of SSSS opened at $10.11 on Thursday. The firm has a market capitalization of $253.96 million, a P/E ratio of 5.71 and a beta of 1.43. SURO Capital has a 52 week low of $4.21 and a 52 week high of $10.36. The stock has a 50 day moving average price of $9.46 and a two-hundred day moving average price of $9.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 18.48 and a current ratio of 18.48.

SURO Capital (NASDAQ:SSSS) last posted its earnings results on Monday, March 9th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03). SURO Capital had a net margin of 2,894.90% and a negative return on equity of 8.15%. The company had revenue of $0.56 million during the quarter, compared to the consensus estimate of $0.35 million.

Hedge Funds Weigh In On SURO Capital

Several institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. purchased a new stake in SURO Capital during the first quarter worth about $62,000. Jane Street Group LLC boosted its stake in SURO Capital by 58.5% in the first quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock valued at $90,000 after acquiring an additional 6,701 shares during the last quarter. Acadian Asset Management LLC grew its position 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 valued at $708,000 after acquiring an additional 45,085 shares during the period. Franklin Resources Inc. grew its position in shares of SURO Capital by 8.7% during the 2nd quarter. Franklin Resources Inc. now owns 240,545 shares of the company’s stock valued at $1,975,000 after acquiring an additional 19,350 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in shares of SURO Capital by 26.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 285,000 shares of the company’s stock worth $2,340,000 after purchasing an additional 59,250 shares during the last quarter. Institutional investors own 12.95% of the company’s stock.

About SURO Capital

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.