XTX Topco Ltd Buys 3,191 Shares of SURO Capital Corp. (NASDAQ:SSSS)

XTX Topco Ltd grew its stake in SURO Capital Corp. (NASDAQ:SSSS) by 13.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,072 shares of the company’s stock after acquiring an additional 3,191 shares during the period. XTX Topco Ltd owned 0.11% of SURO Capital worth $135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Gabelli Funds LLC grew its position in shares of SURO Capital by 22.3% during the 4th quarter. Gabelli Funds LLC now owns 1,164,500 shares of the company’s stock worth $6,847,000 after buying an additional 212,000 shares during the period. J. Goldman & Co LP acquired a new stake in shares of SURO Capital during the 4th quarter worth approximately $3,592,000. Gamco Investors INC. ET AL grew its position in shares of SURO Capital by 5.9% during the 4th quarter. Gamco Investors INC. ET AL now owns 210,750 shares of the company’s stock worth $1,239,000 after buying an additional 11,750 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of SURO Capital during the 1st quarter worth approximately $867,000. Finally, Bulldog Investors LLP grew its position in shares of SURO Capital by 14.3% during the 4th quarter. Bulldog Investors LLP now owns 144,354 shares of the company’s stock worth $850,000 after buying an additional 18,045 shares during the period. Institutional investors and hedge funds own 12.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SSSS. Citigroup restated an “outperform” rating on shares of SURO Capital in a report on Wednesday, July 16th. BTIG Research set a $10.00 price objective on shares of SURO Capital and gave the company a “buy” rating in a report on Tuesday, July 1st. Barrington Research boosted their price objective on shares of SURO Capital from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Wednesday, July 9th. Wall Street Zen upgraded shares of SURO Capital from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, JMP Securities boosted their price objective on shares of SURO Capital from $8.00 to $10.00 and gave the company a “market outperform” rating in a report on Wednesday, July 16th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, SURO Capital has an average rating of “Buy” and an average target price of $10.00.

Insider Buying and Selling at SURO Capital

In related news, CEO Mark D. Klein purchased 10,000 shares of SURO Capital stock in a transaction dated Tuesday, August 12th. The stock was bought at an average price of $8.45 per share, for a total transaction of $84,500.00. Following the completion of the acquisition, the chief executive officer directly owned 1,530,590 shares of the company’s stock, valued at $12,933,485.50. This represents a 0.66% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.69% of the stock is owned by company insiders.

SURO Capital Stock Down 0.1%

Shares of NASDAQ SSSS opened at $8.47 on Friday. The stock has a market cap of $202.35 million, a P/E ratio of -4.48 and a beta of 1.80. SURO Capital Corp. has a 52-week low of $3.71 and a 52-week high of $9.12. The company has a debt-to-equity ratio of 0.33, a quick ratio of 22.50 and a current ratio of 22.50. The firm has a 50 day moving average price of $8.18 and a 200 day moving average price of $6.45.

SURO Capital (NASDAQ:SSSS) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.01. The company had revenue of $0.17 million during the quarter, compared to analysts’ expectations of $0.50 million. SURO Capital had a net margin of 2,015.55% and a negative return on equity of 6.10%.

SURO Capital Cuts Dividend

The business also recently declared a — dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 21st were issued a $0.25 dividend. The ex-dividend date was Monday, July 21st. SURO Capital’s dividend payout ratio is -52.91%.

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.