Citizens Jmp Issues Positive Forecast for SURO Capital (NASDAQ:SSSS) Stock Price

SURO Capital (NASDAQ:SSSS) had its price target increased by Citizens Jmp from $13.00 to $15.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Other analysts have also recently issued reports about the company. Barrington Research upped their price target on SURO Capital from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Tuesday. Weiss Ratings cut SURO Capital from a “buy (b)” rating to a “hold (c)” rating in a research note on Wednesday, March 18th. Capital One Financial set a $12.00 target price on SURO Capital in a research note on Monday, January 5th. Lucid Cap Mkts raised SURO Capital to a “strong-buy” rating in a research note on Monday, January 5th. Finally, BTIG Research increased their target price on SURO Capital from $12.50 to $15.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $14.75.

SURO Capital Stock Performance

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

SURO Capital (NASDAQ:SSSS) last announced its quarterly earnings results on Tuesday, March 10th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03). The company had revenue of $0.56 million during 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 8.12%.

Institutional Trading of SURO Capital

Large investors have recently bought and sold shares of the business. Bank of America Corp DE increased 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 worth $27,000 after purchasing an additional 2,253 shares in the last quarter. Hazlett Burt & Watson Inc. increased 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 worth $33,000 after purchasing an additional 3,519 shares in the last quarter. Raymond James Financial Inc. acquired a new position in SURO Capital during the 2nd quarter worth approximately $31,000. Byrne Asset Management LLC acquired a new position in SURO Capital during the 3rd quarter worth approximately $83,000. Finally, Coastal Bridge Advisors LLC acquired a new position in SURO Capital during the 3rd quarter worth approximately $101,000. 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.