SURO Capital (NASDAQ:SSSS) Price Target Raised to $15.00

SURO Capital (NASDAQ:SSSS) had its price target boosted by equities research analysts at BTIG Research from $12.50 to $15.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s price target would indicate a potential upside of 23.25% from the stock’s previous close.

Several other analysts have also recently commented on SSSS. Lucid Cap Mkts upgraded shares of SURO Capital to a “strong-buy” rating in a research note on Monday, January 5th. Weiss Ratings cut shares of SURO Capital from a “buy (b)” rating to a “hold (c)” rating in a research note on Wednesday, March 18th. Capital One Financial set a $12.00 price target on shares of SURO Capital in a research note on Monday, January 5th. Wall Street Zen cut shares of SURO Capital from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Finally, Barrington Research boosted their price target on shares of SURO Capital from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, SURO Capital has a consensus rating of “Buy” and a consensus target price of $14.25.

SURO Capital Stock Up 3.8%

SSSS opened at $12.17 on Thursday. The stock has a market cap of $309.00 million, a price-to-earnings ratio of 6.88 and a beta of 1.32. SURO Capital has a fifty-two week low of $4.29 and a fifty-two week high of $12.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 54.37 and a current ratio of 54.37. The firm’s fifty day moving average is $9.81 and its 200 day moving average is $9.55.

SURO Capital (NASDAQ:SSSS) last announced its quarterly earnings results on Tuesday, March 10th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.03). The company had revenue of $0.56 million during the quarter, compared to analysts’ expectations of $0.35 million. SURO Capital had a negative return on equity of 8.12% and a net margin of 2,894.90%.

Institutional Trading of SURO Capital

A number of large investors have recently made changes to their positions in the business. Tactive Advisors LLC increased its holdings in shares of SURO Capital by 7.0% in the 3rd quarter. Tactive Advisors LLC now owns 20,037 shares of the company’s stock worth $180,000 after buying an additional 1,317 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of SURO Capital by 9.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 20,132 shares of the company’s stock worth $181,000 after buying an additional 1,735 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of SURO Capital by 5.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 37,400 shares of the company’s stock worth $353,000 after buying an additional 2,000 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of SURO Capital by 222.2% in the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock worth $27,000 after buying an additional 2,253 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of SURO Capital by 2,587.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,655 shares of the company’s stock worth $33,000 after buying an additional 3,519 shares during the last quarter. 12.95% of the stock is currently owned by institutional investors.

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.