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

Shares of SURO Capital Corp. (NASDAQ:SSSS) have earned a consensus recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating 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.

A number of research analysts have recently issued reports on the stock. Barrington Research raised their price target on shares of SURO Capital from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded SURO Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Citizens Jmp raised their target price on shares of SURO Capital from $13.00 to $15.00 and gave the company a “market outperform” rating in a research note on Thursday, April 9th. Citigroup reiterated an “outperform” rating on shares of SURO Capital in a research report on Thursday, April 9th. Finally, BTIG Research upped their price target on shares of SURO Capital from $12.50 to $15.00 and gave the company a “buy” rating in a report on Thursday, April 9th.

Institutional Investors Weigh In On SURO Capital

Hedge funds have recently modified their holdings of the stock. Two Sigma Investments LP boosted its holdings in shares of SURO Capital by 189.9% during the third quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock worth $1,907,000 after purchasing an additional 138,818 shares during the period. 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 worth $2,370,000 after buying 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 worth $1,650,000 after buying an additional 86,926 shares in the last quarter. Invesco Ltd. boosted its stake 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, Mangrove Partners IM LLC purchased a new position in shares of SURO Capital during the 4th quarter valued at $497,000. 12.95% of the stock is owned by hedge funds and other institutional investors.

SURO Capital Stock Performance

Shares of SURO Capital stock opened at $12.80 on Thursday. The firm’s 50-day simple moving average is $13.06 and its 200-day simple moving average is $11.74. SURO Capital has a 1 year low of $8.01 and a 1 year high of $14.98. The firm has a market cap of $333.70 million, a PE ratio of 1.83 and a beta of 1.39. The company has a debt-to-equity ratio of 0.19, a quick ratio of 24.38 and a current ratio of 24.38.

About SURO Capital

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.