Neostellar Capital (NASDAQ:NSLR) CEO Acquires 26,040 Shares of Stock

Neostellar Capital (NASDAQ:NSLR) CEO Mark Klein acquired 26,040 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $9.60 per share, for a total transaction of $249,984.00. Following the completion of the purchase, the chief executive officer directly owned 1,758,796 shares of the company’s stock, valued at $16,884,441.60. This trade represents a 1.50% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Neostellar Capital Price Performance

NASDAQ:NSLR traded up $0.73 during mid-day trading on Monday, hitting $10.33. 692,409 shares of the company’s stock traded hands, compared to its average volume of 284,956. Neostellar Capital has a 12 month low of $8.28 and a 12 month high of $14.98. The company has a market cap of $273.47 million, a price-to-earnings ratio of 2.56 and a beta of 1.44. The company has a quick ratio of 24.38, a current ratio of 24.38 and a debt-to-equity ratio of 0.19.

Neostellar Capital (NASDAQ:NSLR) last released its earnings results on Wednesday, August 5th. The company reported ($0.90) earnings per share (EPS) for the quarter. The business had revenue of $0.30 million during the quarter. Neostellar Capital had a net margin of 6,053.56% and a negative return on equity of 13.69%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NSLR shares. Wall Street Zen lowered shares of Neostellar Capital from a “hold” rating to a “sell” rating in a research report on Saturday. BTIG Research reissued a “buy” rating and issued a $15.00 price target on shares of Neostellar Capital in a report on Friday, July 10th. Barrington Research set a $16.00 price target on shares of Neostellar Capital in a research report on Thursday. Finally, Weiss Ratings assumed coverage on shares of Neostellar Capital in a report on Thursday, July 9th. They set a “buy (b)” rating on the stock. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Neostellar Capital presently has a consensus rating of “Buy” and a consensus target price of $15.50.

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.