SuRo Capital (NASDAQ:SSSS) Price Target Lowered to $6.50 at JMP Securities

SuRo Capital (NASDAQ:SSSSGet Rating) had its price target decreased by JMP Securities from $9.00 to $6.50 in a research report released on Wednesday, Stock Target Advisor reports. JMP Securities currently has a market outperform rating on the stock.

A number of other analysts have also recently weighed in on the stock. Barrington Research cut their price objective on shares of SuRo Capital from $9.00 to $6.00 in a report on Tuesday, October 18th. TheStreet cut shares of SuRo Capital from a c rating to a d+ rating in a report on Wednesday, August 24th. Finally, BTIG Research cut their price objective on shares of SuRo Capital to $9.00 in a report on Tuesday, November 15th.

SuRo Capital Price Performance

SSSS stock opened at $4.16 on Wednesday. The company has a current ratio of 10.91, a quick ratio of 10.91 and a debt-to-equity ratio of 0.33. SuRo Capital has a twelve month low of $3.62 and a twelve month high of $13.93. The company’s 50 day moving average is $4.24 and its two-hundred day moving average is $5.94. The stock has a market cap of $117.85 million, a P/E ratio of -0.91 and a beta of 1.77.

Hedge Funds Weigh In On SuRo Capital

A number of institutional investors have recently modified their holdings of SSSS. Tower Research Capital LLC TRC acquired a new position in shares of SuRo Capital in the 3rd quarter valued at $27,000. Bison Wealth LLC acquired a new position in shares of SuRo Capital in the 3rd quarter valued at $45,000. Deuterium Capital Management LLC grew its position in SuRo Capital by 32.0% in the 3rd quarter. Deuterium Capital Management LLC now owns 13,200 shares of the company’s stock valued at $51,000 after buying an additional 3,200 shares during the last quarter. Moors & Cabot Inc. purchased a new position in SuRo Capital in the 3rd quarter valued at $66,000. Finally, Hsbc Holdings PLC purchased a new position in SuRo Capital in the 3rd quarter valued at $73,000. 20.99% of the stock is owned by institutional investors and hedge funds.

About SuRo Capital

(Get Rating)

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.

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