Green Alpha Advisors LLC Invests $504,000 in SURO Capital Corp. $SSSS

Green Alpha Advisors LLC acquired a new stake in shares of SURO Capital Corp. (NASDAQ:SSSS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 53,426 shares of the company’s stock, valued at approximately $504,000. Green Alpha Advisors LLC owned about 0.21% of SURO Capital at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE lifted its position in SURO Capital by 222.2% during the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock worth $27,000 after acquiring an additional 2,253 shares during the period. Raymond James Financial Inc. purchased a new stake in SURO Capital during the 2nd quarter valued at about $31,000. Hazlett Burt & Watson Inc. increased its holdings in shares of SURO Capital by 2,587.5% in the third 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 during the period. Invesco Ltd. acquired a new position in shares of SURO Capital in the first quarter valued at about $62,000. Finally, Byrne Asset Management LLC purchased a new position in shares of SURO Capital in the third quarter worth about $83,000. 12.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SSSS has been the subject of a number of research reports. Wall Street Zen downgraded SURO Capital from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. BTIG Research lifted their price objective on shares of SURO Capital from $10.50 to $12.50 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Weiss Ratings downgraded shares of SURO Capital from a “buy (b)” rating to a “hold (c)” rating in a research report on Wednesday. Barrington Research upped their price target on shares of SURO Capital from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Finally, Lucid Cap Mkts raised SURO Capital to a “strong-buy” rating in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, SURO Capital presently has a consensus rating of “Buy” and a consensus price target of $13.13.

SURO Capital Stock Performance

Shares of NASDAQ SSSS opened at $9.59 on Friday. The company’s fifty day moving average price is $9.50 and its 200 day moving average price is $9.38. SURO Capital Corp. has a 1 year low of $4.21 and a 1 year high of $10.36. The company has a market capitalization of $243.49 million, a PE ratio of 5.42 and a beta of 1.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 54.37 and a current ratio of 54.37.

SURO Capital (NASDAQ:SSSS) last released its quarterly earnings data on Monday, March 9th. The company reported ($0.23) earnings per share 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 analysts’ expectations of $0.35 million. SURO Capital had a net margin of 2,894.90% and a negative return on equity of 8.12%.

SURO Capital 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.