SuRo Capital Corp. (NASDAQ:SSSS) CEO Buys $50,300.00 in Stock

SuRo Capital Corp. (NASDAQ:SSSS) CEO Mark D. Klein bought 10,000 shares of SuRo Capital stock in a transaction on Tuesday, November 26th. The shares were purchased at an average cost of $5.03 per share, with a total value of $50,300.00. Following the acquisition, the chief executive officer now directly owns 1,098,666 shares of the company’s stock, valued at approximately $5,526,289.98. The trade was a 0.92 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

SuRo Capital Stock Up 4.1 %

Shares of NASDAQ SSSS opened at $5.30 on Monday. The stock has a market cap of $123.91 million, a PE ratio of -2.80 and a beta of 1.63. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47. SuRo Capital Corp. has a 12-month low of $3.32 and a 12-month high of $5.44. The company has a 50-day moving average of $4.62 and a 200 day moving average of $4.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Arete Wealth Advisors LLC purchased a new position in SuRo Capital during the third quarter worth approximately $84,000. Gabelli Funds LLC increased its stake in shares of SuRo Capital by 139.3% in the 2nd quarter. Gabelli Funds LLC now owns 730,000 shares of the company’s stock worth $2,927,000 after acquiring an additional 425,000 shares during the last quarter. Levin Capital Strategies L.P. purchased a new position in shares of SuRo Capital during the 2nd quarter worth $174,000. Choreo LLC acquired a new position in shares of SuRo Capital during the 2nd quarter valued at about $62,000. Finally, Acadian Asset Management LLC grew its holdings in shares of SuRo Capital by 91.6% in the second quarter. Acadian Asset Management LLC now owns 131,636 shares of the company’s stock valued at $527,000 after purchasing an additional 62,950 shares during the period. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an “outperform” rating and issued a $6.00 price objective on shares of SuRo Capital in a research note on Tuesday, November 12th.

SuRo Capital Company Profile

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