JPMorgan Chase & Co. Grows Stock Holdings in SuRo Capital Corp. (NASDAQ:SSSS)

JPMorgan Chase & Co. raised its position in SuRo Capital Corp. (NASDAQ:SSSS) by 8,025.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,000 shares of the company’s stock after acquiring an additional 12,840 shares during the period. JPMorgan Chase & Co. owned approximately 0.06% of SuRo Capital worth $76,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. HB Wealth Management LLC acquired a new stake in SuRo Capital in the fourth quarter valued at $65,000. Legato Capital Management LLC acquired a new position in SuRo Capital during the fourth quarter worth about $82,000. Choreo LLC increased its holdings in SuRo Capital by 16.6% in the fourth quarter. Choreo LLC now owns 19,380 shares of the company’s stock valued at $117,000 after buying an additional 2,764 shares in the last quarter. Finally, Levin Capital Strategies L.P. lifted its position in shares of SuRo Capital by 85.5% during the 4th quarter. Levin Capital Strategies L.P. now owns 145,510 shares of the company’s stock valued at $856,000 after acquiring an additional 67,049 shares during the period. Institutional investors and hedge funds own 12.95% of the company’s stock.

SuRo Capital Stock Performance

Shares of SSSS opened at $5.20 on Wednesday. SuRo Capital Corp. has a 12-month low of $3.52 and a 12-month high of $6.83. The stock has a market cap of $122.47 million, a P/E ratio of -2.75 and a beta of 1.62. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average of $5.12 and a two-hundred day moving average of $5.43.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barrington Research reaffirmed an “outperform” rating and issued a $8.00 price objective on shares of SuRo Capital in a research note on Tuesday, April 8th. Citigroup restated an “outperform” rating on shares of SuRo Capital in a research report on Wednesday, March 12th.

SuRo Capital 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.