SURO Capital Corp. (NASDAQ:SSSS) Receives $15.00 Consensus Target Price from Analysts

Shares of SURO Capital Corp. (NASDAQ:SSSS) have been given a consensus recommendation of “Buy” by the six research firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $15.00.

SSSS has been the topic of several analyst reports. Wall Street Zen raised shares of SURO Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup reaffirmed an “outperform” rating on shares of SURO Capital in a research report on Thursday, April 9th. Weiss Ratings raised shares of SURO Capital from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, May 26th. Citizens Jmp lifted their price target on shares of SURO Capital from $13.00 to $15.00 and gave the company a “market outperform” rating in a research report on Thursday, April 9th. Finally, BTIG Research lifted their price target on shares of SURO Capital from $12.50 to $15.00 and gave the company a “buy” rating in a research report on Thursday, April 9th.

SURO Capital Trading Down 4.0%

SSSS opened at $13.02 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 24.38 and a quick ratio of 24.38. The company’s 50 day simple moving average is $13.36 and its two-hundred day simple moving average is $10.91. SURO Capital has a 1-year low of $7.11 and a 1-year high of $14.98. The firm has a market capitalization of $339.43 million, a price-to-earnings ratio of 1.87 and a beta of 1.39.

Insider Activity at SURO Capital

In other news, CEO Mark D. Klein purchased 2,500 shares of SURO Capital stock in a transaction dated Tuesday, April 21st. The shares were purchased at an average price of $13.08 per share, with a total value of $32,700.00. Following the transaction, the chief executive officer owned 1,673,521 shares in the company, valued at $21,889,654.68. This represents a 0.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.32% of the company’s stock.

Institutional Trading of SURO Capital

Several institutional investors have recently made changes to their positions in the company. Gabelli Funds LLC raised its position in shares of SURO Capital by 3.3% during the 1st quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock valued at $13,967,000 after buying an additional 41,894 shares during the period. Private Advisor Group LLC raised its position in SURO Capital by 51.4% in the first quarter. Private Advisor Group LLC now owns 69,034 shares of the company’s stock valued at $739,000 after purchasing an additional 23,446 shares during the period. Ritholtz Wealth Management raised its position in SURO Capital by 13.4% in the first quarter. Ritholtz Wealth Management now owns 24,264 shares of the company’s stock valued at $260,000 after purchasing an additional 2,862 shares during the period. Invesco Ltd. raised its position in SURO Capital by 560.4% in the fourth quarter. Invesco Ltd. now owns 99,449 shares of the company’s stock valued at $939,000 after purchasing an additional 84,389 shares during the period. Finally, Trexquant Investment LP raised its position in SURO Capital by 359.3% in the fourth quarter. Trexquant Investment LP now owns 47,746 shares of the company’s stock valued at $451,000 after purchasing an additional 37,351 shares during the period. Hedge funds and other institutional investors 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.