Analysts Set SURO Capital Corp. (NASDAQ:SSSS) PT at $13.13

SURO Capital Corp. (NASDAQ:SSSS) has been assigned an average rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $13.1250.

SSSS has been the topic of several research analyst reports. Weiss Ratings cut shares of SURO Capital from a “buy (b)” rating to a “hold (c)” rating in a research report on Wednesday, March 18th. Barrington Research raised their price objective on shares of SURO Capital from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. BTIG Research lifted their price objective on SURO Capital from $10.50 to $12.50 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Wall Street Zen downgraded SURO Capital from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Finally, Capital One Financial set a $12.00 target price on SURO Capital in a research report on Monday, January 5th.

SURO Capital Stock Performance

Shares of SSSS stock opened at $10.05 on Friday. The firm has a market capitalization of $255.17 million, a price-to-earnings ratio of 5.68 and a beta of 1.43. The stock has a fifty day moving average of $9.55 and a 200 day moving average of $9.44. SURO Capital has a 52 week low of $4.21 and a 52 week high of $10.62. The company has a quick ratio of 54.37, a current ratio of 54.37 and a debt-to-equity ratio of 0.34.

SURO Capital (NASDAQ:SSSS) last issued 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). SURO Capital had a net margin of 2,894.90% and a negative return on equity of 8.12%. The company had revenue of $0.56 million for the quarter, compared to analysts’ expectations of $0.35 million.

Hedge Funds Weigh In On SURO Capital

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of SURO Capital by 222.2% in the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock worth $27,000 after buying an additional 2,253 shares during the period. Raymond James Financial Inc. bought a new position in shares of SURO Capital in the 2nd quarter worth about $31,000. Hazlett Burt & Watson Inc. lifted its position in SURO Capital by 2,587.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,655 shares of the company’s stock valued at $33,000 after acquiring an additional 3,519 shares during the period. Invesco Ltd. purchased a new position in SURO Capital during the 1st quarter valued at about $62,000. Finally, Byrne Asset Management LLC bought a new stake in SURO Capital during the third quarter worth about $83,000. 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.