SURO Capital (NASDAQ:SSSS) Given New $12.50 Price Target at BTIG Research

SURO Capital (NASDAQ:SSSS) had its price objective raised by analysts at BTIG Research from $10.50 to $12.50 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s target price indicates a potential upside of 23.64% from the company’s previous close.

SSSS has been the topic of several other reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of SURO Capital in a research report on Monday, December 29th. Capital One Financial set a $12.00 price target on shares of SURO Capital in a research report on Monday, January 5th. Wall Street Zen lowered shares of SURO Capital from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Lucid Cap Mkts upgraded SURO Capital to a “strong-buy” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $11.63.

SURO Capital Price Performance

Shares of SSSS stock traded up $0.43 during trading hours on Wednesday, hitting $10.11. 232,204 shares of the company’s stock were exchanged, compared to its average volume of 209,862. SURO Capital has a fifty-two week low of $4.21 and a fifty-two week high of $10.34. The firm has a market cap of $253.96 million, a P/E ratio of 5.70 and a beta of 1.43. The company has a quick ratio of 18.48, a current ratio of 18.48 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $9.43 and a two-hundred day moving average of $9.32.

SURO Capital (NASDAQ:SSSS) last released its quarterly earnings results on Monday, March 9th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03). The company had revenue of $0.56 million during the quarter, compared to analyst estimates of $0.35 million. SURO Capital had a net margin of 2,894.90% and a negative return on equity of 8.15%.

Institutional Investors Weigh In On SURO Capital

A number of large investors have recently modified their holdings of the business. Tactive Advisors LLC raised its stake in SURO Capital by 7.0% during the third quarter. Tactive Advisors LLC now owns 20,037 shares of the company’s stock worth $180,000 after purchasing an additional 1,317 shares during the period. Farther Finance Advisors LLC grew its stake 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 valued at $181,000 after buying an additional 1,735 shares during the period. Hillsdale Investment Management Inc. grew its stake 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 valued at $353,000 after buying an additional 2,000 shares during the period. Bank of America Corp DE increased its holdings in shares of SURO Capital by 222.2% during 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% during 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. Hedge funds and other institutional investors own 12.95% of the company’s stock.

About SURO Capital

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.