Barrington Research Boosts SURO Capital (NASDAQ:SSSS) Price Target to $10.00

SURO Capital (NASDAQ:SSSS) had its price target hoisted by equities research analysts at Barrington Research from $9.00 to $10.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Barrington Research’s price target would suggest a potential upside of 17.10% from the stock’s current price.

A number of other brokerages have also issued reports on SSSS. Wall Street Zen upgraded shares of SURO Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 31st. Citigroup reaffirmed an “outperform” rating on shares of SURO Capital in a report on Wednesday, March 12th. Finally, BTIG Research set a $10.00 price target on shares of SURO Capital and gave the stock a “buy” rating in a report on Tuesday, July 1st.

SURO Capital Stock Performance

Shares of NASDAQ:SSSS opened at $8.54 on Wednesday. The company’s 50 day moving average price is $6.93 and its two-hundred day moving average price is $6.01. SURO Capital has a 12-month low of $3.52 and a 12-month high of $8.77. The firm has a market cap of $204.02 million, a PE ratio of -4.52 and a beta of 1.80. The company has a quick ratio of 11.23, a current ratio of 11.23 and a debt-to-equity ratio of 0.47.

SURO Capital (NASDAQ:SSSS) last announced 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 6.61% and a negative net margin of 462.84%. The business had revenue of $0.50 million for the quarter, compared to analyst estimates of $1.23 million.

Insider Buying and Selling at SURO Capital

In other news, CEO Mark D. Klein purchased 16,500 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $5.26 per share, with a total value of $86,790.00. Following the acquisition, the chief executive officer owned 1,216,019 shares in the company, valued at approximately $6,396,259.94. The trade was a 1.38% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 6.69% of the company’s stock.

Hedge Funds Weigh In On SURO Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wolverine Trading LLC bought a new position in SURO Capital in the 4th quarter valued at approximately $414,000. Marshall Wace LLP bought a new position in SURO Capital in the 4th quarter valued at approximately $461,000. Harbor Capital Advisors Inc. bought a new position in SURO Capital in the 1st quarter valued at approximately $867,000. Thomas J. Herzfeld Advisors Inc. lifted its stake in SURO Capital by 24.7% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,357,409 shares of the company’s stock valued at $7,982,000 after purchasing an additional 268,899 shares during the last quarter. Finally, J. Goldman & Co LP bought a new position in SURO Capital in the 4th quarter valued at approximately $3,592,000. 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.