SURO Capital Corp. (NASDAQ:SSSS) Receives Consensus Rating of “Buy” from Brokerages

Shares of SURO Capital Corp. (NASDAQ:SSSS) have received an average rating of “Buy” from the six ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $15.00.

A number of brokerages have weighed in on SSSS. BTIG Research raised their target price on shares of SURO Capital from $12.50 to $15.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Wall Street Zen upgraded SURO Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citizens Jmp boosted their target price on SURO Capital from $13.00 to $15.00 and gave the stock a “market outperform” rating in a report on Thursday, April 9th. Weiss Ratings cut SURO Capital from a “buy (b)” rating to a “hold (c)” rating in a research note on Wednesday, March 18th. Finally, Citigroup restated an “outperform” rating on shares of SURO Capital in a report on Thursday, April 9th.

Insiders Place Their Bets

In other news, CEO Mark D. Klein bought 2,500 shares of the firm’s stock in a transaction on Tuesday, April 21st. The stock was acquired at an average cost of $13.08 per share, with a total value of $32,700.00. Following the completion of the acquisition, the chief executive officer owned 1,673,521 shares of the company’s stock, valued at approximately $21,889,654.68. This represents a 0.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.32% of the company’s stock.

Hedge Funds Weigh In On SURO Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. bought a new stake in shares of SURO Capital during the 1st quarter valued at about $62,000. Jane Street Group LLC lifted its stake in shares of SURO Capital by 58.5% in the 1st quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock worth $90,000 after purchasing an additional 6,701 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of SURO Capital by 46.1% in the first quarter. Acadian Asset Management LLC now owns 142,937 shares of the company’s stock worth $708,000 after buying an additional 45,085 shares during the last quarter. Raymond James Financial Inc. bought a new stake in SURO Capital during the second quarter valued at approximately $31,000. Finally, Bank of America Corp DE grew its position in SURO Capital by 222.2% during the second quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock valued at $27,000 after buying an additional 2,253 shares during the period. 12.95% of the stock is owned by institutional investors.

SURO Capital Stock Performance

Shares of SSSS opened at $13.97 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 24.38 and a quick ratio of 24.38. SURO Capital has a one year low of $6.00 and a one year high of $14.48. The company has a 50-day simple moving average of $12.11 and a two-hundred day simple moving average of $10.38. The firm has a market capitalization of $364.20 million, a PE ratio of 2.00 and a beta of 1.40.

SURO Capital (NASDAQ:SSSS) last posted its quarterly earnings data on Tuesday, March 10th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.03). The firm had revenue of $0.56 million for the quarter, compared to the consensus estimate of $0.35 million. SURO Capital had a net margin of 10,695.73% and a negative return on equity of 6.61%.

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.