Bank of America Corp DE Buys 3,092 Shares of SuRo Capital Corp. (NASDAQ:SSSS)

Bank of America Corp DE raised its stake in SuRo Capital Corp. (NASDAQ:SSSS) by 11.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,626 shares of the company’s stock after purchasing an additional 3,092 shares during the quarter. Bank of America Corp DE owned approximately 0.13% of SuRo Capital worth $180,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SSSS. Jane Street Group LLC acquired a new stake in shares of SuRo Capital in the 4th quarter valued at approximately $67,000. JPMorgan Chase & Co. raised its position in SuRo Capital by 8,025.0% during the fourth quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company’s stock worth $76,000 after acquiring an additional 12,840 shares in the last quarter. Choreo LLC raised its position in SuRo Capital by 16.6% during the fourth quarter. Choreo LLC now owns 19,380 shares of the company’s stock worth $117,000 after acquiring an additional 2,764 shares in the last quarter. XTX Topco Ltd acquired a new stake in SuRo Capital in the fourth quarter valued at $140,000. Finally, Rangeley Capital LLC bought a new position in shares of SuRo Capital in the 4th quarter valued at about $147,000. 12.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $8.00 target price on shares of SuRo Capital in a report on Tuesday, April 8th. Wall Street Zen raised SuRo Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 31st. Finally, Citigroup restated an “outperform” rating on shares of SuRo Capital in a research note on Wednesday, March 12th.

Insiders Place Their Bets

In other news, CEO Mark D. Klein acquired 16,500 shares of the stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $5.26 per share, for a total transaction of $86,790.00. Following the transaction, the chief executive officer now directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.69% of the company’s stock.

SuRo Capital Trading Down 1.6%

SSSS stock opened at $7.35 on Monday. 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 fifty day moving average price of $5.65 and a two-hundred day moving average price of $5.74. SuRo Capital Corp. has a one year low of $3.52 and a one year high of $7.83. The stock has a market cap of $173.11 million, a price-to-earnings ratio of -3.89 and a beta of 1.73.

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

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.