SURO Capital Corp. (NASDAQ:SSSS) Given Average Rating of “Buy” by Brokerages

SURO Capital Corp. (NASDAQ:SSSS) has earned a consensus rating of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $15.00.

A number of equities analysts have weighed in on the stock. Weiss Ratings raised shares of SURO Capital from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, May 26th. Citigroup reissued an “outperform” rating on shares of SURO Capital in a research report on Thursday, April 9th. Citizens Jmp upped their price objective on shares of SURO Capital from $13.00 to $15.00 and gave the company a “market outperform” rating in a research report on Thursday, April 9th. BTIG Research upped their price objective on shares of SURO Capital from $12.50 to $15.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Finally, Wall Street Zen raised shares of SURO Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th.

Insiders Place Their Bets

In other news, CEO Mark D. Klein acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, April 21st. The stock was bought at an average cost of $13.08 per share, with a total value of $32,700.00. Following the transaction, the chief executive officer directly owned 1,673,521 shares in the company, valued at approximately $21,889,654.68. This represents a 0.15% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.32% of the stock is currently owned by insiders.

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 company. Gabelli Funds LLC boosted its position in SURO Capital by 1.6% in the 3rd quarter. Gabelli Funds LLC now owns 1,474,344 shares of the company’s stock valued at $13,269,000 after buying an additional 23,510 shares during the last quarter. GatePass Capital LLC lifted its position in shares of SURO Capital by 2.5% during the fourth quarter. GatePass Capital LLC now owns 508,400 shares of the company’s stock worth $4,799,000 after purchasing an additional 12,300 shares during the last quarter. Jane Street Group LLC lifted its position 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 worth $2,370,000 after purchasing an additional 126,796 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of SURO Capital by 189.9% during the third quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock worth $1,907,000 after purchasing an additional 138,818 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of SURO Capital by 10.8% during the fourth quarter. Franklin Resources Inc. now owns 210,183 shares of the company’s stock worth $1,984,000 after purchasing an additional 20,484 shares during the last quarter. 12.95% of the stock is owned by hedge funds and other institutional investors.

SURO Capital Stock Down 1.0%

Shares of SURO Capital stock opened at $13.72 on Wednesday. The company has a fifty day moving average price of $13.06 and a 200 day moving average price of $10.74. The company has a current ratio of 24.38, a quick ratio of 24.38 and a debt-to-equity ratio of 0.19. SURO Capital has a twelve month low of $7.11 and a twelve month high of $14.98. The stock has a market cap of $357.68 million, a price-to-earnings ratio of 1.97 and a beta of 1.39.

SURO Capital (NASDAQ:SSSS) last posted its quarterly earnings data on Tuesday, March 10th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03). The firm had revenue of $0.56 million during the quarter, compared to analysts’ expectations of $0.35 million. SURO Capital had a net margin of 10,695.73% and a negative return on equity of 6.61%.

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.