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

Shares of SURO Capital Corp. (NASDAQ:SSSS) have been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $11.1250.

SSSS has been the subject of a number of research reports. Lucid Cap Mkts upgraded SURO Capital to a “strong-buy” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of SURO Capital in a research note on Monday, December 29th. BTIG Research reissued a “buy” rating and set a $10.50 price objective on shares of SURO Capital in a research report on Tuesday. Barrington Research upped their target price on shares of SURO Capital from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Finally, 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.

Institutional Investors Weigh In On SURO Capital

Several hedge funds have recently modified their holdings of the stock. Gabelli Funds LLC raised its position in SURO Capital by 1.6% during the 3rd quarter. Gabelli Funds LLC now owns 1,474,344 shares of the company’s stock worth $13,269,000 after buying an additional 23,510 shares during the last quarter. GatePass Capital LLC lifted its position in SURO Capital by 2.5% in the fourth quarter. GatePass Capital LLC now owns 508,400 shares of the company’s stock valued at $4,799,000 after purchasing an additional 12,300 shares during the period. Gamco Investors INC. ET AL increased its position in SURO Capital by 26.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 285,000 shares of the company’s stock worth $2,340,000 after purchasing an additional 59,250 shares during the period. Jane Street Group LLC boosted its stake in shares of SURO Capital by 102.1% in the fourth quarter. Jane Street Group LLC now owns 251,035 shares of the company’s stock valued at $2,370,000 after buying an additional 126,796 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in SURO Capital by 8.7% in the second quarter. Franklin Resources Inc. now owns 240,545 shares of the company’s stock worth $1,975,000 after acquiring an additional 19,350 shares in the last quarter. 12.95% of the stock is owned by institutional investors and hedge funds.

SURO Capital Stock Up 2.3%

SSSS opened at $9.43 on Monday. The business’s 50-day simple moving average is $9.45 and its 200-day simple moving average is $9.30. 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 has a one year low of $4.21 and a one year high of $10.34. The stock has a market capitalization of $236.88 million, a P/E ratio of -22.45 and a beta of 1.43.

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.