Farther Finance Advisors LLC Buys Shares of 18,397 SURO Capital Corp. $SSSS

Farther Finance Advisors LLC bought a new stake in SURO Capital Corp. (NASDAQ:SSSS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,397 shares of the company’s stock, valued at approximately $151,000. Farther Finance Advisors LLC owned about 0.08% of SURO Capital as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC acquired a new stake in SURO Capital in the fourth quarter valued at approximately $65,000. Jane Street Group LLC acquired a new stake in shares of SURO Capital in the fourth quarter worth $67,000. Jump Financial LLC acquired a new stake in shares of SURO Capital in the first quarter worth $59,000. Invesco Ltd. acquired a new stake in shares of SURO Capital in the first quarter worth $62,000. Finally, Choreo LLC lifted its stake in shares of SURO Capital by 23.5% in the first quarter. Choreo LLC now owns 23,931 shares of the company’s stock worth $119,000 after buying an additional 4,551 shares during the last quarter. 12.95% of the stock is currently owned by institutional investors and hedge funds.

SURO Capital Stock Up 3.1%

Shares of NASDAQ:SSSS opened at $9.38 on Friday. SURO Capital Corp. has a 52 week low of $3.87 and a 52 week high of $9.50. 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 company’s fifty day moving average is $8.74 and its 200-day moving average is $7.19. The company has a market capitalization of $224.09 million, a PE ratio of -4.96 and a beta of 1.75.

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

Analyst Ratings Changes

SSSS has been the subject of a number of analyst reports. JMP Securities boosted their price objective on shares of SURO Capital from $8.00 to $10.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 16th. BTIG Research set a $10.00 target price on shares of SURO Capital and gave the stock a “buy” rating in a research report on Tuesday, July 1st. Barrington Research boosted their target price on shares of SURO Capital from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 9th. Citigroup reaffirmed an “outperform” rating on shares of SURO Capital in a research report on Wednesday, July 16th. Finally, Wall Street Zen raised shares of SURO Capital from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $10.00.

Insider Transactions at SURO Capital

In other SURO Capital news, CEO Mark D. Klein bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were bought at an average cost of $8.45 per share, for a total transaction of $84,500.00. Following the transaction, the chief executive officer owned 1,530,590 shares in the company, valued at approximately $12,933,485.50. This trade represents a 0.66% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.69% of the company’s stock.

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.