Weiss Ratings Reiterates Hold (C) Rating for SURO Capital (NASDAQ:SSSS)

SURO Capital (NASDAQ:SSSS)‘s stock had its “hold (c)” rating reiterated by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

SSSS has been the topic of several other research reports. JMP Securities upped 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. 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. Citigroup reiterated an “outperform” rating on shares of SURO Capital in a report on Wednesday, July 16th. Barrington Research upped 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. Finally, Wall Street Zen upgraded shares of SURO Capital from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, SURO Capital presently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

SURO Capital Stock Performance

Shares of SSSS opened at $9.79 on Wednesday. The company has a current ratio of 22.50, a quick ratio of 22.50 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $233.88 million, a P/E ratio of -5.18 and a beta of 1.75. The firm’s fifty day simple moving average is $8.85 and its two-hundred day simple moving average is $7.30. SURO Capital has a 12 month low of $3.87 and a 12 month high of $10.05.

SURO Capital (NASDAQ:SSSS) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.01. The business had revenue of $0.17 million for 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%.

Insider Buying and Selling

In other news, CEO Mark D. Klein acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was purchased at an average price of $8.45 per share, for a total transaction of $84,500.00. Following the purchase, the chief executive officer owned 1,530,590 shares in the company, valued at approximately $12,933,485.50. This represents a 0.66% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 6.69% of the company’s stock.

Institutional Investors Weigh In On SURO Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in SSSS. Bank of America Corp DE increased its stake in SURO Capital by 222.2% in the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock valued at $27,000 after buying an additional 2,253 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of SURO Capital during the 2nd quarter valued at approximately $31,000. Jump Financial LLC bought a new position in shares of SURO Capital during the 1st quarter valued at approximately $59,000. Invesco Ltd. bought a new position in shares of SURO Capital during the 1st quarter valued at approximately $62,000. Finally, Millennium Management LLC bought a new position in shares of SURO Capital during the 4th quarter valued at approximately $65,000. Hedge funds and other institutional investors own 12.95% of the company’s stock.

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.