Neostellar Capital (NASDAQ:NSLR) Short Interest Up 47.9% in July

Neostellar Capital (NASDAQ:NSLR) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 575,448 shares, an increase of 47.9% from the July 15th total of 389,000 shares. Based on an average daily trading volume, of 261,652 shares, the days-to-cover ratio is currently 2.2 days. Currently, 2.4% of the shares of the stock are sold short.

Neostellar Capital Stock Performance

Shares of NASDAQ NSLR traded down $0.13 during trading hours on Wednesday, reaching $10.01. 90,917 shares of the stock traded hands, compared to its average volume of 281,998. The stock has a market cap of $264.89 million, a price-to-earnings ratio of 2.48 and a beta of 1.44. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 0.17. Neostellar Capital has a 52-week low of $8.46 and a 52-week high of $14.98.

Neostellar Capital (NASDAQ:NSLR) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.90) EPS for the quarter. The business had revenue of $0.30 million for the quarter. Neostellar Capital had a net margin of 6,053.56% and a negative return on equity of 12.63%.

Wall Street Analyst Weigh In

NSLR has been the topic of several research analyst reports. Weiss Ratings cut shares of Neostellar Capital from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday. Wall Street Zen lowered shares of Neostellar Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. BTIG Research reissued a “buy” rating and issued a $15.00 price target on shares of Neostellar Capital in a research note on Friday, July 10th. Finally, Barrington Research set a $16.00 price objective on shares of Neostellar Capital in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $14.50.

Insider Buying and Selling

In other Neostellar Capital news, CEO Mark D. Klein bought 26,040 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were acquired at an average cost of $9.60 per share, for a total transaction of $249,984.00. Following the purchase, the chief executive officer directly owned 1,758,796 shares of the company’s stock, valued at $16,884,441.60. The trade was a 1.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.32% of the stock is currently owned by insiders.

Institutional Trading of Neostellar Capital

Several hedge funds have recently added to or reduced their stakes in NSLR. Gabelli Funds LLC increased its holdings in shares of Neostellar Capital by 3.3% in the first quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock worth $13,967,000 after buying an additional 41,894 shares during the period. GatePass Capital LLC boosted its holdings in Neostellar Capital by 2.5% during the 4th quarter. GatePass Capital LLC now owns 508,400 shares of the company’s stock valued at $4,799,000 after acquiring an additional 12,300 shares during the period. Jane Street Group LLC grew its position in Neostellar Capital by 102.1% during the 4th quarter. Jane Street Group LLC now owns 251,035 shares of the company’s stock worth $2,370,000 after acquiring an additional 126,796 shares during the last quarter. Two Sigma Investments LP increased its stake in Neostellar Capital by 189.9% in the 3rd 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 period. Finally, Franklin Resources Inc. increased its stake in Neostellar Capital by 10.8% in the 4th 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 period. 12.95% of the stock is owned by institutional investors.

About Neostellar Capital

SuRo Capital Corp. is a business development company. The firm seeks to invest in growing, late stage, venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California.