SURO Capital Corp. (NASDAQ:SSSS) Receives $10.83 Average PT from Analysts

SURO Capital Corp. (NASDAQ:SSSS) has received a consensus rating of “Buy” from the five brokerages that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued a report on the stock in the last year is $10.8333.

A number of equities research analysts recently weighed in on the stock. Barrington Research boosted their price target on shares of SURO Capital from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. BTIG Research boosted their target price on SURO Capital from $10.00 to $10.50 and gave the company a “buy” rating in a report on Wednesday, November 5th. Wall Street Zen downgraded SURO Capital from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SURO Capital in a research report on Monday.

SURO Capital Price Performance

Shares of NASDAQ SSSS opened at $9.47 on Wednesday. The stock’s 50-day simple moving average is $9.39 and its 200-day simple moving average is $8.81. The firm has a market capitalization of $237.89 million, a PE ratio of -22.55 and a beta of 1.39. SURO Capital has a fifty-two week low of $4.21 and a fifty-two week high of $10.34. The company has a debt-to-equity ratio of 0.32, a quick ratio of 18.48 and a current ratio of 18.48.

SURO Capital (NASDAQ:SSSS) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.08. The company had revenue of $0.46 million for the quarter, compared to analyst estimates of $0.17 million. SURO Capital had a net margin of 2,930.42% and a negative return on equity of 5.64%.

SURO Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date of this dividend was Friday, November 21st. SURO Capital’s payout ratio is presently -238.10%.

Hedge Funds Weigh In On SURO Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co purchased a new position in SURO Capital in the 3rd quarter valued at $264,000. Verition Fund Management LLC acquired a new stake in shares of SURO Capital in the 3rd quarter worth $126,000. Qube Research & Technologies Ltd purchased a new stake in shares of SURO Capital in the third quarter valued at about $158,000. Millennium Management LLC acquired a new position in shares of SURO Capital during the third quarter worth about $413,000. Finally, Two Sigma Investments LP increased its stake in shares of SURO Capital by 189.9% during the third quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock worth $1,907,000 after acquiring an additional 138,818 shares during the period. Hedge funds and other institutional investors own 12.95% of the company’s stock.

About SURO Capital

SURO Capital Corp (NASDAQ: SSSS) is a closed-end management investment company that operates as a business development company (BDC). Founded in 2013 and headquartered in Lewisville, Texas, SURO Capital provides capital solutions to lower middle-market companies across a range of industries. As a BDC, the company is governed by the Investment Company Act of 1940 and focuses on offering debt and equity financing to privately held businesses that may have limited access to traditional bank lending.

The firm’s primary business activities include originating and managing a diversified portfolio of senior secured floating rate loans, unsecured loans, unitranche debt, and equity co-investments.