SuRo Capital (NASDAQ:SSSS) Stock Price Down 1.4% – What’s Next?

SuRo Capital Corp. (NASDAQ:SSSS) shares dropped 1.4% on Monday . The stock traded as low as $5.84 and last traded at $5.84. Approximately 178,337 shares traded hands during mid-day trading, an increase of 31% from the average daily volume of 136,346 shares. The stock had previously closed at $5.92.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $6.00 price objective on shares of SuRo Capital in a research note on Tuesday, November 12th.

SuRo Capital Stock Performance

The stock has a market cap of $136.53 million, a price-to-earnings ratio of -3.09 and a beta of 1.61. The company’s fifty day simple moving average is $5.47 and its two-hundred day simple moving average is $4.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.32 and a quick ratio of 11.32.

Insiders Place Their Bets

In related news, CEO Mark D. Klein purchased 39,000 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were acquired at an average cost of $5.20 per share, with a total value of $202,800.00. Following the purchase, the chief executive officer now directly owns 1,169,923 shares of the company’s stock, valued at approximately $6,083,599.60. This trade represents a 3.45 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Allison Green purchased 9,100 shares of SuRo Capital stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average price of $5.48 per share, for a total transaction of $49,868.00. Following the acquisition, the insider now owns 136,734 shares in the company, valued at $749,302.32. This trade represents a 7.13 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 58,843 shares of company stock valued at $307,047 over the last ninety days. 5.97% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SuRo Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of SSSS. Gabelli Funds LLC boosted its position in SuRo Capital by 139.3% in the second quarter. Gabelli Funds LLC now owns 730,000 shares of the company’s stock worth $2,927,000 after purchasing an additional 425,000 shares during the last quarter. Acadian Asset Management LLC raised its stake in SuRo Capital by 91.6% during the second quarter. Acadian Asset Management LLC now owns 131,636 shares of the company’s stock valued at $527,000 after purchasing an additional 62,950 shares in the last quarter. Levin Capital Strategies L.P. purchased a new stake in SuRo Capital during the second quarter valued at approximately $174,000. Arete Wealth Advisors LLC bought a new stake in shares of SuRo Capital in the 3rd quarter worth about $84,000. Finally, Choreo LLC bought a new stake in shares of SuRo Capital during the 2nd quarter worth approximately $62,000. Hedge funds and other institutional investors own 12.95% of the company’s stock.

About SuRo Capital

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.