Barrington Research Reiterates Outperform Rating for SuRo Capital (NASDAQ:SSSS)

SuRo Capital (NASDAQ:SSSS)‘s stock had its “outperform” rating reissued by research analysts at Barrington Research in a research report issued on Thursday, Benzinga reports. They presently have a $6.00 price target on the stock. Barrington Research’s price target would indicate a potential upside of 55.44% from the company’s current price.

Separately, JMP Securities increased their target price on shares of SuRo Capital from $5.50 to $6.00 and gave the stock a “market outperform” rating in a report on Tuesday, March 26th.

SuRo Capital Stock Performance

Shares of SSSS stock opened at $3.86 on Thursday. The firm’s 50 day moving average price is $4.23 and its 200-day moving average price is $4.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 58.92 and a current ratio of 58.92. SuRo Capital has a one year low of $3.10 and a one year high of $4.72. The firm has a market cap of $97.85 million, a P/E ratio of 18.38 and a beta of 1.56.

SuRo Capital (NASDAQ:SSSS) last released its earnings results on Wednesday, March 13th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $2.46 million for the quarter. SuRo Capital had a negative return on equity of 6.58% and a net margin of 76.81%.

Institutional Investors Weigh In On SuRo Capital

A number of hedge funds have recently added to or reduced their stakes in the business. Quadrature Capital Ltd acquired a new stake in SuRo Capital during the 4th quarter worth approximately $184,000. Bulldog Investors LLP raised its holdings in shares of SuRo Capital by 15.1% in the 4th quarter. Bulldog Investors LLP now owns 152,373 shares of the company’s stock valued at $600,000 after purchasing an additional 20,011 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of SuRo Capital by 928.6% in the 4th quarter. Royal Bank of Canada now owns 21,086 shares of the company’s stock valued at $83,000 after purchasing an additional 19,036 shares in the last quarter. Northern Trust Corp acquired a new stake in shares of SuRo Capital in the 4th quarter valued at $114,000. Finally, Gabelli Funds LLC raised its holdings in shares of SuRo Capital by 125.0% in the 4th quarter. Gabelli Funds LLC now owns 202,500 shares of the company’s stock valued at $798,000 after purchasing an additional 112,500 shares in the last quarter. 12.95% of the stock is currently owned by institutional investors and hedge funds.

SuRo Capital Company Profile

SuRo Capital Corp. is a business development company. The firm seeks to invest in growth capital, late stage and venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California with additional office in New York, New York.