SuRo Capital Corp. (NASDAQ:SSSS) Position Raised by Gabelli Funds LLC

Gabelli Funds LLC increased its position in shares of SuRo Capital Corp. (NASDAQ:SSSSFree Report) by 125.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,500 shares of the company’s stock after purchasing an additional 112,500 shares during the period. Gabelli Funds LLC owned 0.80% of SuRo Capital worth $798,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSSS. Thomas J. Herzfeld Advisors Inc. grew its position in SuRo Capital by 4,479.8% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 656,240 shares of the company’s stock worth $2,376,000 after buying an additional 641,911 shares during the last quarter. Deuterium Capital Management LLC grew its position in SuRo Capital by 13.5% in the fourth quarter. Deuterium Capital Management LLC now owns 41,965 shares of the company’s stock worth $165,000 after buying an additional 5,000 shares during the last quarter. Acadian Asset Management LLC grew its position in SuRo Capital by 433.8% in the third quarter. Acadian Asset Management LLC now owns 39,648 shares of the company’s stock worth $142,000 after buying an additional 32,221 shares during the last quarter. EJF Capital LLC grew its position in SuRo Capital by 18.7% in the third quarter. EJF Capital LLC now owns 35,602 shares of the company’s stock worth $129,000 after buying an additional 5,602 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in SuRo Capital by 111.2% in the third quarter. Janney Montgomery Scott LLC now owns 30,339 shares of the company’s stock worth $110,000 after buying an additional 15,974 shares during the last quarter. Institutional investors own 12.95% of the company’s stock.

SuRo Capital Trading Up 1.2 %

SuRo Capital stock opened at $4.11 on Tuesday. The company’s fifty day simple moving average is $4.00 and its 200-day simple moving average is $4.06. The company has a quick ratio of 39.54, a current ratio of 39.54 and a debt-to-equity ratio of 0.41. SuRo Capital Corp. has a 12 month low of $3.10 and a 12 month high of $4.72. The stock has a market cap of $95.97 million, a P/E ratio of -5.01 and a beta of 1.64.

SuRo Capital (NASDAQ:SSSSGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.13) earnings per share (EPS) for the quarter. SuRo Capital had a negative net margin of 316.66% and a negative return on equity of 6.35%. The business had revenue of $1.53 million during the quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SSSS. JMP Securities lifted their price objective on shares of SuRo Capital from $5.50 to $6.00 and gave the stock a “market outperform” rating in a research report on Tuesday, March 26th. Barrington Research reiterated an “outperform” rating and set a $6.00 price objective on shares of SuRo Capital in a research report on Tuesday, May 28th.

Check Out Our Latest Report on SSSS

SuRo Capital Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SuRo Capital (NASDAQ:SSSS)

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