SURO Capital (NASDAQ:SSSS) Announces Earnings Results

SURO Capital (NASDAQ:SSSS) issued its earnings results on Monday. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.03), Zacks reports. SURO Capital had a negative return on equity of 5.64% and a net margin of 2,930.42%.The firm had revenue of $0.56 million during the quarter, compared to analyst estimates of $0.35 million.

SURO Capital Stock Performance

SURO Capital stock traded up $0.95 during midday trading on Tuesday, reaching $10.09. 864,365 shares of the stock traded hands, compared to its average volume of 197,409. SURO Capital has a fifty-two week low of $4.21 and a fifty-two week high of $10.34. The company has a current ratio of 18.48, a quick ratio of 18.48 and a debt-to-equity ratio of 0.32. The firm has a market cap of $253.51 million, a price-to-earnings ratio of -24.00 and a beta of 1.43. The firm has a fifty day moving average price of $9.43 and a two-hundred day moving average price of $9.31.

Analyst Ratings Changes

Several equities analysts recently issued reports on SSSS shares. Wall Street Zen cut SURO Capital from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. BTIG Research restated a “buy” rating and issued a $10.50 price target on shares of SURO Capital in a research report on Tuesday, March 3rd. Lucid Cap Mkts raised shares of SURO Capital to a “strong-buy” rating in a research report on Monday, January 5th. Capital One Financial set a $12.00 target price on shares of SURO Capital in a report on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SURO Capital in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $11.13.

Hedge Funds Weigh In On SURO Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Two Sigma Investments LP increased its position in SURO Capital by 189.9% in the 3rd quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock valued at $1,907,000 after acquiring an additional 138,818 shares during the period. Jane Street Group LLC raised its stake in shares of SURO Capital by 102.1% during the fourth quarter. Jane Street Group LLC now owns 251,035 shares of the company’s stock valued at $2,370,000 after purchasing an additional 126,796 shares in the last quarter. LPL Financial LLC grew its position in SURO Capital by 98.9% in the 4th quarter. LPL Financial LLC now owns 174,810 shares of the company’s stock valued at $1,650,000 after buying an additional 86,926 shares in the last quarter. Invesco Ltd. raised its position in shares of SURO Capital by 560.4% during the 4th quarter. Invesco Ltd. now owns 99,449 shares of the company’s stock worth $939,000 after buying an additional 84,389 shares in the last quarter. Finally, Mangrove Partners IM LLC acquired a new stake in shares of SURO Capital in the 4th quarter worth approximately $497,000. 12.95% of the stock is owned by institutional investors.

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.