Citizens Jmp Increases SURO Capital (NASDAQ:SSSS) Price Target to $13.00

SURO Capital (NASDAQ:SSSS) had its price objective hoisted by analysts at Citizens Jmp from $11.00 to $13.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s target price would indicate a potential upside of 30.26% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. Lucid Cap Mkts upgraded shares of SURO Capital to a “strong-buy” rating in a research report on Monday, January 5th. Barrington Research lifted their price objective on shares of SURO Capital from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wall Street Zen downgraded shares of SURO Capital from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings restated a “buy (b-)” rating on shares of SURO Capital in a research report on Monday, December 29th. Finally, Capital One Financial set a $12.00 price target on shares of SURO Capital in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat.com, SURO Capital currently has an average rating of “Buy” and an average target price of $13.13.

SURO Capital Price Performance

Shares of SURO Capital stock opened at $9.98 on Thursday. The firm has a market cap of $253.39 million, a PE ratio of 5.64 and a beta of 1.43. The stock has a 50 day moving average of $9.47 and a 200 day moving average of $9.34. The company has a current ratio of 18.48, a quick ratio of 18.48 and a debt-to-equity ratio of 0.32. SURO Capital has a 12 month low of $4.21 and a 12 month high of $10.36.

SURO Capital (NASDAQ:SSSS) last released its quarterly earnings data on Monday, March 9th. 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 8.15% and a net margin of 2,894.90%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SSSS. Invesco Ltd. bought a new position in SURO Capital during the first quarter valued at $62,000. Jane Street Group LLC lifted its holdings in shares of SURO Capital by 58.5% in the 1st quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock worth $90,000 after acquiring an additional 6,701 shares during the last quarter. Acadian Asset Management LLC boosted its stake 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 period. Franklin Resources Inc. boosted its stake in shares of SURO Capital by 8.7% during the 2nd quarter. Franklin Resources Inc. now owns 240,545 shares of the company’s stock worth $1,975,000 after purchasing an additional 19,350 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in 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 purchasing an additional 59,250 shares during the last quarter. 12.95% of the stock is owned by hedge funds and other institutional investors.

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.