Brokerages Set SURO Capital Corp. (NASDAQ:SSSS) Target Price at $11.13

SURO Capital Corp. (NASDAQ:SSSS) has been assigned a consensus rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $11.1250.

Several research firms recently weighed in on SSSS. Weiss Ratings reissued a “buy (b-)” rating on shares of SURO Capital in a report on Monday, December 29th. Capital One Financial set a $12.00 price objective on SURO Capital in a research report on Monday, January 5th. Barrington Research boosted their target price 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. Wall Street Zen downgraded shares of SURO Capital from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, BTIG Research raised their price target on shares of SURO Capital from $10.00 to $10.50 and gave the stock a “buy” rating in a research report on Wednesday, November 5th.

Hedge Funds Weigh In On SURO Capital

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings 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 acquiring an additional 2,253 shares in the last quarter. Raymond James Financial Inc. bought a new stake in SURO Capital during the second quarter worth about $31,000. Hazlett Burt & Watson Inc. lifted its position in SURO Capital by 2,587.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 3,655 shares of the company’s stock worth $33,000 after purchasing an additional 3,519 shares during the period. Invesco Ltd. acquired a new stake in SURO Capital during the first quarter worth about $62,000. Finally, Byrne Asset Management LLC bought a new position in SURO Capital in the 3rd quarter valued at about $83,000. Institutional investors own 12.95% of the company’s stock.

SURO Capital Stock Performance

Shares of SSSS stock opened at $9.48 on Friday. SURO Capital has a 52 week low of $4.21 and a 52 week high of $10.34. The company has a market capitalization of $238.14 million, a price-to-earnings ratio of -22.57 and a beta of 1.39. The company has a 50-day simple moving average of $9.45 and a 200 day simple moving average of $9.06. 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 released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.08. SURO Capital had a net margin of 2,930.42% and a negative return on equity of 5.64%. The firm had revenue of $0.46 million for the quarter, compared to analysts’ expectations of $0.17 million.

SURO Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date was Friday, November 21st. SURO Capital’s payout ratio is presently -238.10%.

SURO Capital Company Profile

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.