SURO Capital (NASDAQ:SSSS) Stock Price Expected to Rise, BTIG Research Analyst Says

SURO Capital (NASDAQ:SSSS) had its price target raised by investment analysts at BTIG Research from $10.50 to $12.50 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research’s price target would suggest a potential upside of 23.64% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of SURO Capital from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Lucid Cap Mkts raised shares of SURO Capital to a “strong-buy” rating in a report on Monday, January 5th. Capital One Financial set a $12.00 target price on SURO Capital in a research report on Monday, January 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of SURO Capital in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, SURO Capital currently has a consensus rating of “Buy” and an average price target of $11.63.

SURO Capital Stock Up 4.4%

NASDAQ SSSS traded up $0.43 during trading on Wednesday, hitting $10.11. The company’s stock had a trading volume of 232,204 shares, compared to its average volume of 209,862. SURO Capital has a fifty-two week low of $4.21 and a fifty-two week high of $10.34. The company has a market cap of $253.96 million, a PE ratio of 5.70 and a beta of 1.43. The company has a debt-to-equity ratio of 0.32, a current ratio of 18.48 and a quick ratio of 18.48. The business’s 50 day simple moving average is $9.43 and its 200-day simple moving average is $9.32.

SURO Capital (NASDAQ:SSSS) last posted its quarterly earnings data on Monday, March 9th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.03). The company had revenue of $0.56 million for the quarter, compared to analyst estimates of $0.35 million. SURO Capital had a net margin of 2,894.90% and a negative return on equity of 8.15%.

Institutional Trading of SURO Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. Gabelli Funds LLC increased its holdings in SURO Capital by 13.9% in the second quarter. Gabelli Funds LLC now owns 1,450,834 shares of the company’s stock valued at $11,911,000 after buying an additional 176,674 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of SURO Capital by 189.9% during the 3rd quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock worth $1,907,000 after acquiring an additional 138,818 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of SURO 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 in the last quarter. LPL Financial LLC grew its position in shares of SURO Capital by 98.9% during the 4th quarter. LPL Financial LLC now owns 174,810 shares of the company’s stock valued at $1,650,000 after acquiring an additional 86,926 shares during the period. Finally, Invesco Ltd. grew 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 valued at $939,000 after acquiring an additional 84,389 shares during the period. 12.95% of the stock is currently owned by institutional investors and hedge funds.

SURO Capital Company Profile

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.