SURO Capital Corp. (NASDAQ:SSSS) Receives Average Recommendation of “Buy” from Analysts

Shares of SURO Capital Corp. (NASDAQ:SSSS) have been given an average recommendation of “Buy” by the six research firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $15.00.

A number of research analysts have issued reports on SSSS shares. BTIG Research increased their target price on shares of SURO Capital from $12.50 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Wall Street Zen raised SURO Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Barrington Research lifted their price objective on SURO Capital from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Citizens Jmp raised their price target on SURO Capital from $13.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Thursday, April 9th. Finally, Weiss Ratings raised SURO Capital from a “hold (c+)” rating to a “buy (b)” rating in a research note on Tuesday, May 26th.

SURO Capital Price Performance

The company’s 50-day moving average price is $13.35 and its 200-day moving average price is $11.18. The company has a market capitalization of $333.70 million, a PE ratio of 1.83 and a beta of 1.39. SURO Capital has a fifty-two week low of $8.01 and a fifty-two week high of $14.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 24.38 and a quick ratio of 24.38.

Insider Buying and Selling at SURO Capital

In other news, CEO Mark D. Klein purchased 2,500 shares of SURO Capital stock in a transaction that occurred on Tuesday, April 21st. The shares were acquired at an average price of $13.08 per share, for a total transaction of $32,700.00. Following the transaction, the chief executive officer owned 1,673,521 shares of the company’s stock, valued at approximately $21,889,654.68. The trade was a 0.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 8.32% of the company’s stock.

Institutional Investors Weigh In On SURO Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in SSSS. Bank of America Corp DE increased its stake in shares of SURO Capital by 222.2% in the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock valued at $27,000 after purchasing an additional 2,253 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of SURO Capital during the 2nd quarter worth $31,000. Invesco Ltd. acquired a new stake in SURO Capital in the first quarter valued at about $62,000. Hazlett Burt & Watson Inc. boosted its stake in SURO Capital by 102.6% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 7,405 shares of the company’s stock valued at $68,000 after buying an additional 3,750 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in SURO Capital by 58.5% in the first quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock valued at $90,000 after buying an additional 6,701 shares in the last quarter. 12.95% of the stock is currently owned by institutional investors.

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.