SURO Capital (NASDAQ:SSSS) Price Target Raised to $10.50

SURO Capital (NASDAQ:SSSS) had its price objective hoisted by BTIG Research from $10.00 to $10.50 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research’s price objective would suggest a potential upside of 7.03% from the company’s current price.

Several other equities analysts have also issued reports on the stock. Citigroup reissued an “outperform” rating on shares of SURO Capital in a report on Wednesday, July 16th. Barrington Research reissued an “outperform” rating and issued a $11.00 price target on shares of SURO Capital in a report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SURO Capital in a research report on Wednesday, October 8th. 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. Finally, JMP Securities boosted their price objective on shares of SURO Capital from $8.00 to $10.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, SURO Capital presently has an average rating of “Moderate Buy” and an average price target of $10.50.

SURO Capital Price Performance

Shares of SSSS stock opened at $9.81 on Wednesday. SURO Capital has a 12-month low of $4.21 and a 12-month high of $10.34. The firm has a market capitalization of $234.36 million, a price-to-earnings ratio of -21.33 and a beta of 1.70. The company has a quick ratio of 22.50, a current ratio of 22.50 and a debt-to-equity ratio of 0.33. The firm has a fifty day moving average of $9.14 and a 200-day moving average of $7.94.

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

Insider Buying and Selling

In other SURO Capital news, CEO Mark D. Klein purchased 10,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were purchased at an average cost of $8.45 per share, with a total value of $84,500.00. Following the transaction, the chief executive officer directly owned 1,530,590 shares of the company’s stock, valued at $12,933,485.50. This represents a 0.66% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.69% of the stock is owned by company insiders.

Institutional Investors Weigh In On SURO Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tactive Advisors LLC lifted its position in SURO Capital by 7.0% during the 3rd quarter. Tactive Advisors LLC now owns 20,037 shares of the company’s stock worth $180,000 after buying an additional 1,317 shares in the last quarter. Farther Finance Advisors LLC raised its holdings 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 purchasing an additional 1,735 shares during the period. Bank of America Corp DE raised its holdings 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 purchasing an additional 2,253 shares during the period. XTX Topco Ltd raised its holdings in shares of SURO Capital by 13.4% in the 1st quarter. XTX Topco Ltd now owns 27,072 shares of the company’s stock valued at $135,000 after purchasing an additional 3,191 shares during the period. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of SURO Capital by 2,587.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,655 shares of the company’s stock valued at $33,000 after purchasing an additional 3,519 shares during the period. 12.95% of the stock is owned by institutional investors.

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.