SURO Capital (NASDAQ:SSSS) Price Target Raised to $17.00 at Barrington Research

SURO Capital (NASDAQ:SSSS) had its target price increased by Barrington Research from $15.00 to $17.00 in a report published on Tuesday,Benzinga reports. Barrington Research currently has an outperform rating on the stock.

Several other research analysts have also commented on the company. Lucid Cap Mkts raised SURO Capital to a “strong-buy” rating in a research report on Monday, January 5th. Citizens Jmp lifted their price target on SURO Capital from $11.00 to $13.00 and gave the stock a “market outperform” rating in a research report on Thursday, March 12th. BTIG Research lifted their price target on SURO Capital from $10.50 to $12.50 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Capital One Financial set a $12.00 price target on SURO Capital in a research report on Monday, January 5th. Finally, Weiss Ratings lowered shares of SURO Capital from a “buy (b)” rating to a “hold (c)” rating in a research note on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $13.63.

SURO Capital Price Performance

Shares of NASDAQ:SSSS opened at $11.72 on Tuesday. The company’s fifty day moving average price is $9.75 and its 200 day moving average price is $9.53. SURO Capital has a 12 month low of $4.29 and a 12 month high of $11.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 54.37 and a quick ratio of 54.37. The firm has a market capitalization of $297.57 million, a P/E ratio of 6.62 and a beta of 1.32.

SURO Capital (NASDAQ:SSSS) last announced its quarterly earnings results on Tuesday, March 10th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.03). The company 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 8.12% and a net margin of 2,894.90%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SSSS. Bank of America Corp DE increased its holdings in shares of SURO Capital by 222.2% in the second quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock valued at $27,000 after purchasing an additional 2,253 shares during the period. Raymond James Financial Inc. acquired a new position in shares of SURO Capital in the second quarter valued at approximately $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 approximately $62,000. Finally, Byrne Asset Management LLC acquired a new position in shares of SURO Capital in the third quarter valued at approximately $83,000. Institutional investors and hedge funds 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.