Citizens Jmp Raises SURO Capital (NASDAQ:SSSS) Price Target to $15.00

SURO Capital (NASDAQ:SSSS) had its target price lifted by equities research analysts at Citizens Jmp from $13.00 to $15.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s price target points to a potential upside of 17.37% from the stock’s current price.

Several other brokerages also recently issued reports on SSSS. Wall Street Zen downgraded SURO Capital from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Barrington Research lifted their price objective on SURO Capital from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Tuesday. BTIG Research increased their price objective on shares of SURO Capital from $12.50 to $15.00 and gave the company a “buy” rating in a research note on Thursday. Lucid Cap Mkts raised shares of SURO Capital to a “strong-buy” rating in a research note on Monday, January 5th. Finally, Capital One Financial set a $12.00 target price on shares of SURO Capital in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $14.75.

SURO Capital Trading Up 5.0%

NASDAQ SSSS opened at $12.78 on Thursday. SURO Capital has a 12 month low of $4.33 and a 12 month high of $12.49. The company has a current ratio of 54.37, a quick ratio of 54.37 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average price is $9.81 and its 200-day moving average price is $9.55. The stock has a market cap of $324.48 million, a P/E ratio of 7.14 and a beta of 1.32.

SURO Capital (NASDAQ:SSSS) last announced its quarterly earnings results on Tuesday, March 10th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03). The firm had revenue of $0.56 million during the quarter, compared to the consensus estimate of $0.35 million. SURO Capital had a negative return on equity of 8.12% and a net margin of 2,894.90%.

Hedge Funds Weigh In On SURO Capital

Several institutional investors have recently modified their holdings of SSSS. Invesco Ltd. increased its position in shares of SURO Capital by 560.4% during the fourth quarter. Invesco Ltd. now owns 99,449 shares of the company’s stock worth $939,000 after acquiring an additional 84,389 shares during the period. Trexquant Investment LP raised its stake in shares of 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 acquiring an additional 37,351 shares in the last quarter. Royal Bank of Canada boosted its holdings in SURO Capital by 171.2% in the fourth quarter. Royal Bank of Canada now owns 15,293 shares of the company’s stock valued at $144,000 after purchasing an additional 9,655 shares during the period. Mangrove Partners IM LLC acquired a new position in SURO Capital during the 4th quarter worth $497,000. Finally, Heron Bay Capital Management acquired a new position in SURO Capital during the 4th quarter worth $137,000. Institutional investors and hedge funds 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.