Analysts Set SURO Capital Corp. (NASDAQ:SSSS) Target Price at $15.00

Shares of SURO Capital Corp. (NASDAQ:SSSS) have been given a consensus rating of “Buy” by the six research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $15.00.

Several analysts recently weighed in on SSSS shares. Citizens Jmp upped their price target on SURO Capital from $13.00 to $15.00 and gave the stock a “market outperform” rating in a research note on Thursday, April 9th. Barrington Research upped their price objective on SURO Capital from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Wall Street Zen raised SURO Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut SURO Capital from a “buy (b)” rating to a “hold (c)” rating in a research report on Wednesday, March 18th. Finally, BTIG Research upped their price objective on SURO Capital from $12.50 to $15.00 and gave the company a “buy” rating in a research report on Thursday, April 9th.

SURO Capital Stock Performance

SURO Capital stock opened at $12.94 on Friday. The company has a quick ratio of 24.38, a current ratio of 24.38 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $337.35 million, a P/E ratio of 1.85 and a beta of 1.40. The stock’s 50 day moving average is $11.79 and its 200 day moving average is $10.28. SURO Capital has a twelve month low of $5.75 and a twelve month high of $14.48.

SURO Capital (NASDAQ:SSSS) last posted its quarterly earnings results on Tuesday, March 10th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.03). The company had revenue of $0.56 million during the quarter, compared to analysts’ expectations of $0.35 million. SURO Capital had a negative return on equity of 6.61% and a net margin of 10,695.73%.

Insider Transactions at SURO Capital

In other SURO Capital news, CEO Mark D. Klein acquired 2,500 shares of the stock in a transaction that occurred on Tuesday, April 21st. The shares were acquired at an average cost of $13.08 per share, with a total value of $32,700.00. Following the transaction, the chief executive officer owned 1,673,521 shares of the company’s stock, valued at $21,889,654.68. The trade was a 0.15% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 8.32% of the company’s stock.

Hedge Funds Weigh In On SURO Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSSS. Two Sigma Investments LP lifted its position in SURO Capital by 189.9% in the 3rd quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock valued at $1,907,000 after acquiring an additional 138,818 shares in the last quarter. Jane Street Group LLC lifted its position in SURO Capital by 102.1% in the 4th quarter. Jane Street Group LLC now owns 251,035 shares of the company’s stock valued at $2,370,000 after acquiring an additional 126,796 shares in the last quarter. LPL Financial LLC lifted its position in SURO Capital by 98.9% in the 4th quarter. LPL Financial LLC now owns 174,810 shares of the company’s stock valued at $1,650,000 after acquiring an additional 86,926 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of SURO Capital by 560.4% during the 4th quarter. Invesco Ltd. now owns 99,449 shares of the company’s stock valued at $939,000 after buying an additional 84,389 shares during the period. Finally, Green Alpha Advisors LLC bought a new position in shares of SURO Capital during the 4th quarter valued at $504,000. 12.95% of the stock is owned by 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.