Gabelli Funds LLC Buys 41,894 Shares of SURO Capital Corp. $SSSS

Gabelli Funds LLC raised its stake in SURO Capital Corp. (NASDAQ:SSSS) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,304,102 shares of the company’s stock after buying an additional 41,894 shares during the period. Gabelli Funds LLC owned 5.00% of SURO Capital worth $13,967,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Two Sigma Investments LP increased its holdings in shares of SURO Capital by 189.9% during the third quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock worth $1,907,000 after buying an additional 138,818 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of SURO Capital by 102.1% during the 4th quarter. Jane Street Group LLC now owns 251,035 shares of the company’s stock valued at $2,370,000 after acquiring an additional 126,796 shares in the last quarter. LPL Financial LLC grew its position in SURO Capital by 98.9% during the 4th quarter. LPL Financial LLC now owns 174,810 shares of the company’s stock worth $1,650,000 after acquiring an additional 86,926 shares during the last quarter. Invesco Ltd. grew its position in SURO Capital by 560.4% during the 4th quarter. Invesco Ltd. now owns 99,449 shares of the company’s stock worth $939,000 after acquiring an additional 84,389 shares during the last quarter. Finally, Mangrove Partners IM LLC bought a new stake in SURO Capital during the 4th quarter worth $497,000. Institutional investors own 12.95% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on SSSS. Weiss Ratings upgraded SURO Capital from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, May 26th. Citigroup restated an “outperform” rating on shares of SURO Capital in a report on Thursday, April 9th. Citizens Jmp upped their price objective on SURO Capital from $13.00 to $15.00 and gave the company a “market outperform” rating in a research note on Thursday, April 9th. Barrington Research upped their price objective on SURO Capital from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, BTIG Research raised their price objective on shares of SURO Capital from $12.50 to $15.00 and gave the company a “buy” rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, SURO Capital presently has an average rating of “Buy” and a consensus price target of $15.00.

SURO Capital Stock Up 2.1%

Shares of SSSS opened at $12.80 on Monday. The stock’s 50-day moving average price is $13.19 and its two-hundred day moving average price is $11.56. SURO Capital Corp. has a 12 month low of $8.01 and a 12 month high of $14.98. The company has a market capitalization of $333.70 million, a PE ratio of 1.83 and a beta of 1.39. The company has a current ratio of 24.38, a quick ratio of 24.38 and a debt-to-equity ratio of 0.19.

SURO Capital Company Profile

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.