Ronald Lott Sells 5,085 Shares of Neostellar Capital (NASDAQ:NSLR) Stock

Neostellar Capital (NASDAQ:NSLR) Director Ronald Lott sold 5,085 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $9.96, for a total value of $50,646.60. Following the transaction, the director owned 16,432 shares in the company, valued at $163,662.72. The trade was a 23.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Neostellar Capital Stock Performance

Shares of NSLR stock traded up $0.09 during trading hours on Friday, reaching $10.10. 74,457 shares of the company’s stock were exchanged, compared to its average volume of 220,029. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 0.17. The business’s 50 day simple moving average is $10.38. Neostellar Capital has a 1 year low of $8.46 and a 1 year high of $14.98.

Neostellar Capital (NASDAQ:NSLR) last released its earnings results on Wednesday, August 5th. The company reported ($0.90) 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 12.63%.

Wall Street Analyst Weigh In

Several brokerages recently commented on NSLR. BTIG Research reiterated a “buy” rating and issued a $15.00 price objective on shares of Neostellar Capital in a research note on Friday, July 10th. Wall Street Zen lowered shares of Neostellar Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings cut shares of Neostellar Capital from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, August 14th. Finally, Barrington Research set a $16.00 price target on shares of Neostellar Capital in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $14.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of Neostellar Capital by 222.2% in the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock worth $27,000 after buying an additional 2,253 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Neostellar Capital in the 2nd quarter valued at about $31,000. Hazlett Burt & Watson Inc. increased its holdings in Neostellar Capital by 102.6% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 7,405 shares of the company’s stock valued at $68,000 after acquiring an additional 3,750 shares in the last quarter. Invesco Ltd. purchased a new position in Neostellar Capital during the 1st quarter valued at about $62,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Neostellar Capital during the third quarter worth about $114,000. Hedge funds and other institutional investors own 12.95% of the company’s stock.

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.