SURO Capital Corp. (NASDAQ:SSSS) Given Average Rating of “Buy” by Brokerages

SURO Capital Corp. (NASDAQ:SSSS) has been given a consensus rating of “Buy” by the six research firms that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $11.1250.

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SURO Capital in a research report on Monday, December 29th. Lucid Cap Mkts upgraded shares of SURO Capital to a “strong-buy” rating in a research note on Monday, January 5th. Barrington Research upped their target price on shares of SURO Capital from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Wall Street Zen cut SURO Capital from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Capital One Financial set a $12.00 price target on SURO Capital in a research report on Monday, January 5th.

Hedge Funds Weigh In On SURO Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gabelli Funds LLC raised its position in shares of SURO Capital by 1.6% in the third quarter. Gabelli Funds LLC now owns 1,474,344 shares of the company’s stock valued at $13,269,000 after purchasing an additional 23,510 shares during the period. Gamco Investors INC. ET AL grew its stake in SURO Capital by 26.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 285,000 shares of the company’s stock valued at $2,340,000 after buying an additional 59,250 shares during the last quarter. Franklin Resources Inc. raised its holdings in SURO Capital by 8.7% in 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. Two Sigma Investments LP raised its holdings in SURO Capital by 189.9% in the 3rd quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock valued at $1,907,000 after acquiring an additional 138,818 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in SURO Capital by 18.4% during the second quarter. Harbor Capital Advisors Inc. now owns 206,652 shares of the company’s stock worth $1,697,000 after acquiring an additional 32,119 shares during the last quarter. 12.95% of the stock is owned by institutional investors.

SURO Capital Stock Performance

Shares of NASDAQ SSSS opened at $9.45 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 18.48 and a current ratio of 18.48. The stock has a 50 day moving average price of $9.47 and a 200 day moving average price of $9.04. The stock has a market capitalization of $237.38 million, a PE ratio of -22.50 and a beta of 1.39. SURO Capital has a 52 week low of $4.21 and a 52 week high of $10.34.

SURO Capital (NASDAQ:SSSS) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.08. The company had revenue of $0.46 million for the quarter, compared to analysts’ expectations of $0.17 million. SURO Capital had a negative return on equity of 5.64% and a net margin of 2,930.42%.

SURO Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date was Friday, November 21st. SURO Capital’s dividend payout ratio is -238.10%.

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.