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

Shares of SURO Capital Corp. (NASDAQ:SSSS) have earned an average recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $15.00.

Several equities analysts have recently commented on the company. BTIG Research increased their price objective on SURO Capital from $12.50 to $15.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Wall Street Zen upgraded SURO Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised SURO Capital from a “hold (c+)” rating to a “buy (b)” rating in a research note on Tuesday, May 26th. Barrington Research increased their price target on shares of SURO Capital from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Finally, Citigroup reiterated an “outperform” rating on shares of SURO Capital in a research report on Thursday, April 9th.

SURO Capital Price Performance

The stock’s 50-day moving average is $13.35 and its 200 day moving average is $11.18. SURO Capital has a 12-month low of $8.01 and a 12-month high of $14.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 24.38 and a current ratio of 24.38. The firm has a market cap of $333.70 million, a PE ratio of 1.83 and a beta of 1.39.

Insider Activity

In other SURO Capital news, CEO Mark D. Klein bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The shares were bought at an average price of $13.08 per share, for a total transaction of $32,700.00. Following the transaction, the chief executive officer directly owned 1,673,521 shares in the company, valued at $21,889,654.68. This trade represents a 0.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.32% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of SURO Capital by 222.2% in the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock valued at $27,000 after acquiring an additional 2,253 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of SURO Capital in the second quarter worth $31,000. Invesco Ltd. purchased a new position in shares of SURO Capital in the first quarter worth $62,000. Hazlett Burt & Watson Inc. raised its holdings in SURO Capital by 102.6% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 7,405 shares of the company’s stock valued at $68,000 after buying an additional 3,750 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in SURO Capital by 58.5% during the 1st quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock valued at $90,000 after buying an additional 6,701 shares during the period. 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.