SURO Capital Corp. (NASDAQ:SSSS) Receives $11.13 Consensus PT from Analysts

Shares of SURO Capital Corp. (NASDAQ:SSSS) have earned an average rating of “Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $11.1250.

A number of research firms recently weighed in on SSSS. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SURO Capital in a report on Monday, December 29th. Lucid Cap Mkts raised shares of SURO Capital to a “strong-buy” rating in a report on Monday, January 5th. Wall Street Zen downgraded shares of SURO Capital from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. BTIG Research raised their price target on shares of SURO Capital from $10.00 to $10.50 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Barrington Research boosted their price objective on SURO Capital from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th.

Institutional Trading of SURO Capital

A number of hedge funds have recently bought and sold shares of SSSS. Gabelli Funds LLC lifted its position in SURO Capital by 1.6% during the third quarter. Gabelli Funds LLC now owns 1,474,344 shares of the company’s stock worth $13,269,000 after buying an additional 23,510 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of SURO Capital by 26.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 285,000 shares of the company’s stock valued at $2,340,000 after buying an additional 59,250 shares during the period. Franklin Resources Inc. lifted its holdings in SURO Capital by 8.7% in the second quarter. Franklin Resources Inc. now owns 240,545 shares of the company’s stock valued at $1,975,000 after acquiring an additional 19,350 shares during the last quarter. Two Sigma Investments LP lifted its holdings in SURO Capital by 189.9% in the third quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock valued at $1,907,000 after acquiring an additional 138,818 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of SURO Capital by 46.1% during the 1st quarter. Acadian Asset Management LLC now owns 142,937 shares of the company’s stock worth $708,000 after purchasing an additional 45,085 shares during the last quarter. Institutional investors and hedge funds own 12.95% of the company’s stock.

SURO Capital Stock Performance

Shares of NASDAQ SSSS opened at $8.98 on Thursday. The company has a market capitalization of $225.58 million, a PE ratio of -21.38 and a beta of 1.42. The company has a debt-to-equity ratio of 0.32, a quick ratio of 18.48 and a current ratio of 18.48. The company’s fifty day moving average price is $9.42 and its 200 day moving average price is $9.18. SURO Capital has a 1 year low of $4.21 and a 1 year high of $10.34.

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.