Cubist Systematic Strategies LLC Acquires Shares of 30,077 SuRo Capital Corp. (NASDAQ:SSSS)

Cubist Systematic Strategies LLC acquired a new stake in shares of SuRo Capital Corp. (NASDAQ:SSSS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 30,077 shares of the company’s stock, valued at approximately $177,000. Cubist Systematic Strategies LLC owned approximately 0.13% of SuRo Capital as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Choreo LLC lifted its holdings in shares of SuRo Capital by 16.6% in the 4th quarter. Choreo LLC now owns 19,380 shares of the company’s stock worth $117,000 after purchasing an additional 2,764 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of SuRo Capital by 11.2% in the 4th quarter. Bank of America Corp DE now owns 30,626 shares of the company’s stock worth $180,000 after purchasing an additional 3,092 shares during the last quarter. HB Wealth Management LLC bought a new stake in shares of SuRo Capital in the 4th quarter worth approximately $65,000. Jane Street Group LLC bought a new stake in shares of SuRo Capital in the 4th quarter worth approximately $67,000. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of SuRo Capital by 5.9% in the 4th quarter. Gamco Investors INC. ET AL now owns 210,750 shares of the company’s stock worth $1,239,000 after purchasing an additional 11,750 shares during the last quarter. Institutional investors and hedge funds own 12.95% of the company’s stock.

Insider Buying and Selling at SuRo Capital

In other news, CEO Mark D. Klein acquired 16,500 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were bought at an average price of $5.26 per share, with a total value of $86,790.00. Following the purchase, the chief executive officer now owns 1,216,019 shares of the company’s stock, valued at approximately $6,396,259.94. This represents a 1.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.69% of the stock is owned by company insiders.

SuRo Capital Stock Up 1.4%

Shares of SuRo Capital stock opened at $5.83 on Monday. The business’s fifty day moving average price is $5.11 and its two-hundred day moving average price is $5.49. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.32 and a quick ratio of 11.32. The company has a market capitalization of $137.31 million, a P/E ratio of -3.08 and a beta of 1.62. SuRo Capital Corp. has a 1-year low of $3.52 and a 1-year high of $6.83.

SuRo Capital (NASDAQ:SSSS) last announced its earnings results on Tuesday, May 6th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02). The business had revenue of $0.50 million for the quarter, compared to the consensus estimate of $1.23 million. SuRo Capital had a negative net margin of 801.00% and a negative return on equity of 7.28%.

Analyst Ratings Changes

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

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.