SURO Capital (NASDAQ:SSSS) Stock Price Expected to Rise, BTIG Research Analyst Says

SURO Capital (NASDAQ:SSSS) had its price objective boosted by stock analysts at BTIG Research from $10.50 to $12.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s price target indicates a potential upside of 23.64% from the company’s previous close.

A number of other research firms have also recently weighed in on SSSS. Wall Street Zen cut shares of SURO Capital from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of SURO Capital in a research note on Monday, December 29th. Lucid Cap Mkts raised SURO Capital to a “strong-buy” rating in a report on Monday, January 5th. Finally, Capital One Financial set a $12.00 price objective on SURO Capital in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, SURO Capital presently has an average rating of “Buy” and an average price target of $13.13.

SURO Capital Stock Down 1.6%

SSSS stock opened at $10.11 on Wednesday. The firm has a 50-day moving average price of $9.46 and a 200-day moving average price of $9.33. SURO Capital has a 12 month low of $4.21 and a 12 month high of $10.36. The company has a current ratio of 18.48, a quick ratio of 18.48 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $253.96 million, a P/E ratio of 5.71 and a beta of 1.43.

SURO Capital (NASDAQ:SSSS) last announced its quarterly earnings results on Monday, March 9th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.03). The company had revenue of $0.56 million for the quarter, compared to the consensus estimate of $0.35 million. SURO Capital had a net margin of 2,894.90% and a negative return on equity of 8.15%.

Institutional Investors Weigh In On SURO Capital

A number of institutional investors have recently added to or reduced their stakes in SSSS. Gabelli Funds LLC increased its position in SURO Capital by 1.6% in the 3rd quarter. Gabelli Funds LLC now owns 1,474,344 shares of the company’s stock valued at $13,269,000 after acquiring an additional 23,510 shares during the period. GatePass Capital LLC lifted its holdings in shares of SURO Capital by 2.5% during the fourth quarter. GatePass Capital LLC now owns 508,400 shares of the company’s stock worth $4,799,000 after purchasing an additional 12,300 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of SURO Capital by 26.2% during the second 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 grew 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 worth $2,370,000 after purchasing an additional 126,796 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of 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 purchasing an additional 19,350 shares during the last quarter. 12.95% of the stock is owned by institutional investors.

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.