Advisors Asset Management Inc. lifted its stake in SuRo Capital Corp. (NASDAQ:SSSS – Get Rating) by 37.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 223,751 shares of the company’s stock after buying an additional 60,929 shares during the quarter. Advisors Asset Management Inc. owned about 0.73% of SuRo Capital worth $1,432,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in SSSS. Deuterium Capital Management LLC bought a new position in shares of SuRo Capital in the second quarter worth about $64,000. Great West Life Assurance Co. Can raised its stake in shares of SuRo Capital by 51.0% in the first quarter. Great West Life Assurance Co. Can now owns 9,567 shares of the company’s stock worth $88,000 after buying an additional 3,232 shares during the period. Raymond James & Associates bought a new position in shares of SuRo Capital in the first quarter worth about $90,000. Dynamic Technology Lab Private Ltd bought a new position in shares of SuRo Capital in the first quarter worth about $98,000. Finally, Wellington Shields & Co. LLC bought a new position in shares of SuRo Capital in the first quarter worth about $109,000. Institutional investors own 20.99% of the company’s stock.
Wall Street Analyst Weigh In
SSSS has been the topic of several recent research reports. TheStreet downgraded SuRo Capital from a “c” rating to a “d+” rating in a research note on Wednesday, August 24th. JMP Securities decreased their target price on SuRo Capital from $14.00 to $9.00 and set a “market outperform” rating on the stock in a research note on Monday, August 15th. Barrington Research decreased their target price on SuRo Capital from $9.00 to $6.00 in a research note on Tuesday, October 18th. Finally, BTIG Research decreased their target price on SuRo Capital to $12.00 in a research note on Monday, August 15th.
SuRo Capital Stock Down 3.3 %
SuRo Capital Profile
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.
- Get a free copy of the StockNews.com research report on SuRo Capital (SSSS)
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