Analysts Set SURO Capital Corp. (NASDAQ:SSSS) Price Target at $14.75

SURO Capital Corp. (NASDAQ:SSSS) has been given an average recommendation of “Buy” by the six research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $14.75.

A number of equities research analysts have issued reports on SSSS shares. BTIG Research raised their price target on shares of SURO Capital from $12.50 to $15.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Citizens Jmp raised their price target on shares of SURO Capital from $13.00 to $15.00 and gave the stock a “market outperform” rating in a report on Thursday, April 9th. Lucid Cap Mkts raised shares of SURO Capital to a “strong-buy” rating in a report on Monday, January 5th. Weiss Ratings lowered shares of SURO Capital from a “buy (b)” rating to a “hold (c)” rating in a report on Wednesday, March 18th. Finally, Wall Street Zen lowered shares of SURO Capital from a “hold” rating to a “sell” rating in a report on Saturday, March 14th.

SURO Capital Price Performance

Shares of NASDAQ:SSSS opened at $13.13 on Tuesday. The stock has a market cap of $333.37 million, a PE ratio of 7.42 and a beta of 1.32. The company’s fifty day moving average is $10.60 and its 200 day moving average is $9.84. SURO Capital has a 52 week low of $4.50 and a 52 week high of $13.65. The company has a quick ratio of 54.37, a current ratio of 54.37 and a debt-to-equity ratio of 0.34.

SURO Capital (NASDAQ:SSSS) last issued its 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 business had revenue of $0.56 million during the quarter, compared to analysts’ expectations of $0.35 million. SURO Capital had a negative return on equity of 8.12% and a net margin of 2,894.90%.

Insider Transactions at SURO Capital

In other news, CEO Mark D. Klein purchased 2,500 shares of the business’s stock in a transaction on Tuesday, April 21st. The shares were acquired at an average price of $13.08 per share, with a total value of $32,700.00. Following the acquisition, the chief executive officer directly owned 1,673,521 shares in the company, valued at approximately $21,889,654.68. The trade was a 0.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SURO Capital

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of 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 purchasing an additional 2,253 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of SURO Capital during the 2nd quarter valued at about $31,000. Hazlett Burt & Watson Inc. boosted its stake in shares of 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 purchasing an additional 3,519 shares in the last quarter. Invesco Ltd. bought a new stake in shares of SURO Capital during the 1st quarter valued at about $62,000. Finally, Byrne Asset Management LLC bought a new stake in shares of 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.