Neostellar Capital (NASDAQ:NSLR) Director Purchases 50,000 Shares of Stock

Neostellar Capital (NASDAQ:NSLR) Director Erik Falk purchased 50,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was acquired at an average cost of $10.22 per share, with a total value of $511,000.00. Following the acquisition, the director owned 50,000 shares of the company’s stock, valued at approximately $511,000. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Neostellar Capital Stock Performance

Shares of NSLR stock traded down $0.03 during trading hours on Wednesday, reaching $10.26. 150,582 shares of the company’s stock were exchanged, compared to its average volume of 256,139. Neostellar Capital has a 1 year low of $8.46 and a 1 year high of $14.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.76 and a current ratio of 6.76.

Neostellar Capital (NASDAQ:NSLR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.90) earnings per share (EPS) for the quarter. Neostellar Capital had a negative return on equity of 12.63% and a net margin of 6,053.56%.The company had revenue of $0.30 million during the quarter.

Institutional Trading of Neostellar Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its stake in shares of Neostellar Capital by 222.2% during the second quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock worth $27,000 after purchasing an additional 2,253 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Neostellar Capital in the 2nd quarter valued at about $31,000. Hazlett Burt & Watson Inc. boosted its holdings in Neostellar Capital by 102.6% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 7,405 shares of the company’s stock worth $68,000 after buying an additional 3,750 shares during the last quarter. Invesco Ltd. acquired a new stake in Neostellar Capital in the 1st quarter worth about $62,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Neostellar Capital during the 3rd quarter worth approximately $114,000. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wall Street Zen lowered Neostellar Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. BTIG Research restated a “buy” rating and issued a $15.00 target price on shares of Neostellar Capital in a research note on Friday, July 10th. Weiss Ratings lowered Neostellar Capital from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, August 14th. Finally, Barrington Research set a $16.00 price target on Neostellar Capital in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $14.50.

About Neostellar Capital

SuRo Capital Corp. is a business development company. The firm seeks to invest in growing, late stage, venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California.