SURO Capital’s (SSSS) Buy Rating Reaffirmed at BTIG Research

BTIG Research reaffirmed their buy rating on shares of SURO Capital (NASDAQ:SSSS) in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a $10.50 target price on the stock.

SSSS has been the subject of a number of other research reports. Capital One Financial set a $12.00 price objective on SURO Capital in a research report on Monday, January 5th. Lucid Cap Mkts upgraded SURO Capital to a “strong-buy” rating in a report on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SURO Capital in a research note on Monday, December 29th. Barrington Research upped their price objective on SURO Capital from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Finally, Wall Street Zen lowered shares of SURO Capital from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $11.13.

SURO Capital Stock Performance

SSSS opened at $9.22 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 18.48 and a current ratio of 18.48. The stock has a market capitalization of $231.61 million, a price-to-earnings ratio of -21.95 and a beta of 1.43. The company has a fifty day moving average of $9.44 and a 200 day moving average of $9.30. SURO Capital has a fifty-two week low of $4.21 and a fifty-two week high of $10.34.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of SURO Capital by 222.2% in the second 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 during the period. Raymond James Financial Inc. purchased a new stake in SURO Capital in the 2nd quarter worth about $31,000. Hazlett Burt & Watson Inc. raised its position in SURO Capital by 2,587.5% in the 3rd 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. bought a new stake in SURO Capital in the first quarter worth about $62,000. Finally, Byrne Asset Management LLC purchased a new position in shares of SURO Capital during the third quarter valued at approximately $83,000. Institutional investors own 12.95% of the company’s stock.

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.