BTIG Research Issues Positive Forecast for SURO Capital (NASDAQ:SSSS) Stock Price

SURO Capital (NASDAQ:SSSS) had its price target increased by BTIG Research from $12.50 to $15.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently issued reports on SSSS. Barrington Research upped their price target on shares of SURO Capital from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Tuesday. Capital One Financial set a $12.00 price target on shares of SURO Capital in a research note on Monday, January 5th. Lucid Cap Mkts upgraded shares of SURO Capital to a “strong-buy” rating in a research note on Monday, January 5th. Weiss Ratings cut shares of SURO Capital from a “buy (b)” rating to a “hold (c)” rating in a research note on Wednesday, March 18th. Finally, Citizens Jmp upped their target price on shares of SURO Capital from $11.00 to $13.00 and gave the company a “market outperform” rating in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, SURO Capital presently has an average rating of “Buy” and a consensus target price of $14.75.

SURO Capital Stock Performance

Shares of SURO Capital stock opened at $12.86 on Thursday. The stock has a market cap of $326.52 million, a price-to-earnings ratio of 7.27 and a beta of 1.32. The firm’s 50-day moving average is $9.87 and its 200 day moving average is $9.57. SURO Capital has a 1 year low of $4.33 and a 1 year high of $13.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 54.37 and a quick ratio of 54.37.

SURO Capital (NASDAQ:SSSS) last announced its quarterly earnings results on Tuesday, March 10th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03). The firm had revenue of $0.56 million during the quarter, compared to the consensus estimate of $0.35 million. SURO Capital had a negative return on equity of 8.12% and a net margin of 2,894.90%.

Hedge Funds Weigh In On SURO Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in SURO Capital by 222.2% during 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 during the period. Raymond James Financial Inc. bought a new position in SURO Capital during the 2nd quarter valued at about $31,000. Hazlett Burt & Watson Inc. lifted its stake in SURO Capital by 2,587.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,655 shares of the company’s stock valued at $33,000 after acquiring an additional 3,519 shares during the period. Invesco Ltd. bought a new position in SURO Capital during the 1st quarter valued at about $62,000. Finally, Byrne Asset Management LLC bought a new position in SURO Capital during the 3rd quarter valued at about $83,000. 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.