Wall Street Zen Downgrades SURO Capital (NASDAQ:SSSS) to Sell

SURO Capital (NASDAQ:SSSS) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other analysts have also issued reports on the stock. Citizens Jmp raised their target price on shares of SURO Capital from $11.00 to $13.00 and gave the stock a “market outperform” rating in a research report on Thursday. Weiss Ratings reissued a “buy (b-)” rating on shares of SURO Capital in a research note on Monday, December 29th. BTIG Research raised their price objective on SURO Capital from $10.50 to $12.50 and gave the stock a “buy” rating in a report on Wednesday. Capital One Financial set a $12.00 price objective on SURO Capital in a research report on Monday, January 5th. Finally, Barrington Research upped their target price on SURO Capital from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, SURO Capital currently has a consensus rating of “Buy” and a consensus target price of $13.13.

SURO Capital Trading Down 1.3%

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

SURO Capital (NASDAQ:SSSS) last released its quarterly earnings results on Monday, March 9th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.03). The firm had revenue of $0.56 million for the quarter, compared to analyst estimates of $0.35 million. SURO Capital had a negative return on equity of 8.15% and a net margin of 2,894.90%.

Hedge Funds Weigh In On SURO Capital

A number of large investors have recently bought and sold shares of SSSS. Invesco Ltd. boosted its holdings in shares of SURO Capital by 560.4% in the 4th quarter. Invesco Ltd. now owns 99,449 shares of the company’s stock valued at $939,000 after purchasing an additional 84,389 shares during the last quarter. Trexquant Investment LP increased its holdings in shares of SURO Capital by 359.3% during the 4th quarter. Trexquant Investment LP now owns 47,746 shares of the company’s stock worth $451,000 after buying an additional 37,351 shares during the last quarter. Royal Bank of Canada raised its position in shares of SURO Capital by 171.2% in the 4th quarter. Royal Bank of Canada now owns 15,293 shares of the company’s stock worth $144,000 after buying an additional 9,655 shares during the period. Mangrove Partners IM LLC purchased a new position in shares of SURO Capital in the 4th quarter worth $497,000. Finally, Heron Bay Capital Management acquired a new position in SURO Capital in the fourth quarter valued at $137,000. Hedge funds and other institutional investors own 12.95% of the company’s stock.

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.