Brokerages Set SURO Capital Corp. (NASDAQ:SSSS) Price Target at $10.33

SURO Capital Corp. (NASDAQ:SSSS) has been given an average recommendation of “Moderate Buy” by the five analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $10.3333.

A number of analysts have issued reports on the company. Citigroup reissued an “outperform” rating on shares of SURO Capital in a research note on Wednesday, July 16th. Wall Street Zen raised shares of SURO Capital from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of SURO Capital in a research report on Wednesday, October 8th. Barrington Research reiterated an “outperform” rating and issued a $11.00 price target on shares of SURO Capital in a report on Friday, October 10th. Finally, JMP Securities lifted their price target on shares of SURO Capital from $8.00 to $10.00 and gave the company a “market outperform” rating in a report on Wednesday, July 16th.

Insiders Place Their Bets

In other news, CEO Mark D. Klein bought 10,000 shares of SURO Capital stock in a transaction that occurred on Tuesday, August 12th. The shares were purchased at an average price of $8.45 per share, for a total transaction of $84,500.00. Following the completion of the acquisition, the chief executive officer owned 1,530,590 shares of the company’s stock, valued at $12,933,485.50. The trade was a 0.66% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.69% of the company’s stock.

Hedge Funds Weigh In On SURO Capital

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tactive Advisors LLC lifted its stake in shares of SURO Capital by 7.0% in the 3rd quarter. Tactive Advisors LLC now owns 20,037 shares of the company’s stock valued at $180,000 after purchasing an additional 1,317 shares in the last quarter. Farther Finance Advisors LLC lifted its position in SURO Capital by 9.4% during the third 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 in the last quarter. Bank of America Corp DE lifted its position in SURO Capital by 222.2% during the second quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock valued at $27,000 after buying an additional 2,253 shares in the last quarter. XTX Topco Ltd lifted its position in SURO Capital by 13.4% during the first quarter. XTX Topco Ltd now owns 27,072 shares of the company’s stock valued at $135,000 after buying an additional 3,191 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in SURO Capital during the second quarter valued at approximately $31,000. 12.95% of the stock is owned by institutional investors and hedge funds.

SURO Capital Stock Up 0.1%

Shares of NASDAQ SSSS opened at $10.20 on Tuesday. SURO Capital has a 1 year low of $4.21 and a 1 year high of $10.34. The firm’s 50 day moving average price is $9.12 and its 200 day moving average price is $7.91. The firm has a market cap of $243.68 million, a P/E ratio of -22.17 and a beta of 1.70. The company has a debt-to-equity ratio of 0.33, a quick ratio of 22.50 and a current ratio of 22.50.

SURO Capital (NASDAQ:SSSS) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.01. SURO Capital had a negative return on equity of 6.10% and a net margin of 2,015.55%.The business had revenue of $0.17 million for the quarter, compared to analysts’ expectations of $0.50 million.

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.