SURO Capital (NASDAQ:SSSS) Given New $12.00 Price Target at Barrington Research

SURO Capital (NASDAQ:SSSS) had its target price hoisted by Barrington Research from $11.00 to $12.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts also recently commented on SSSS. Weiss Ratings reiterated a “hold (c)” rating on shares of SURO Capital in a report on Wednesday, October 8th. JMP Securities boosted their target price on shares of SURO Capital from $8.00 to $10.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 16th. Citigroup reiterated an “outperform” rating on shares of SURO Capital in a report on Wednesday, July 16th. BTIG Research raised their target price on shares of SURO Capital from $10.00 to $10.50 and gave the company a “buy” rating in a research note on Wednesday. Finally, Wall Street Zen upgraded shares of SURO Capital from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.83.

SURO Capital Stock Performance

SURO Capital stock opened at $10.01 on Wednesday. SURO Capital has a fifty-two week low of $4.21 and a fifty-two week high of $10.34. The company has a debt-to-equity ratio of 0.33, a quick ratio of 22.50 and a current ratio of 22.50. The company has a 50 day moving average price of $9.17 and a 200-day moving average price of $7.96. The company has a market capitalization of $239.14 million, a PE ratio of -21.76 and a beta of 1.70.

SURO Capital (NASDAQ:SSSS) last announced its earnings results on Tuesday, November 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.08. The business had revenue of $0.46 million for the quarter, compared to analysts’ expectations of $0.17 million. SURO Capital had a negative return on equity of 6.07% and a net margin of 2,930.42%.

SURO Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be paid a $0.25 dividend. The ex-dividend date is Friday, November 21st. This represents a $1.00 dividend on an annualized basis and a yield of 10.0%. SURO Capital’s dividend payout ratio (DPR) is -217.39%.

Insider Buying and Selling

In related news, CEO Mark D. Klein bought 10,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was bought at an average cost of $8.45 per share, for a total transaction of $84,500.00. Following the purchase, the chief executive officer directly owned 1,530,590 shares of the company’s stock, valued at approximately $12,933,485.50. This trade represents a 0.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.69% of the stock is owned by company insiders.

Hedge Funds Weigh In On SURO Capital

Several hedge funds have recently made changes to their positions in the company. Hazlett Burt & Watson Inc. increased its position 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 acquiring an additional 3,519 shares during the period. Coastal Bridge Advisors LLC acquired a new stake in shares of SURO Capital during the third quarter worth about $101,000. Ritholtz Wealth Management acquired a new stake in shares of SURO Capital during the third quarter worth about $158,000. Byrne Asset Management LLC acquired a new stake in shares of SURO Capital during the third quarter worth about $83,000. Finally, Tactive Advisors LLC lifted its holdings in shares of SURO Capital by 7.0% during the third quarter. Tactive Advisors LLC now owns 20,037 shares of the company’s stock worth $180,000 after purchasing an additional 1,317 shares during the period. 12.95% of the stock is owned by institutional investors and hedge funds.

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.