SuRo Capital Corp. (NASDAQ:SSSS) major shareholder Robert S. Birch sold 111,000 shares of the business’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $14.23, for a total value of $1,579,530.00. Following the completion of the sale, the insider now directly owns 2,515,496 shares of the company’s stock, valued at $35,795,508.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
SuRo Capital stock traded down $0.29 during midday trading on Wednesday, reaching $14.63. The stock had a trading volume of 425,284 shares, compared to its average volume of 421,449. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $13.58 and a two-hundred day moving average price of $12.28. The company has a market capitalization of $295.75 million, a P/E ratio of 22.86 and a beta of 2.23. SuRo Capital Corp. has a 12 month low of $5.58 and a 12 month high of $15.88.
SuRo Capital (NASDAQ:SSSS) last issued its quarterly earnings data on Tuesday, March 9th. The company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $2.28. The firm had revenue of $0.92 million during the quarter. SuRo Capital had a negative return on equity of 6.27% and a net margin of 1,249.39%.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Tuesday, March 30th will be issued a dividend of $0.25 per share. This represents a $3.00 dividend on an annualized basis and a yield of 20.51%. The ex-dividend date is Monday, March 29th.
SSSS has been the subject of a number of research analyst reports. Barrington Research boosted their target price on SuRo Capital from $15.00 to $17.50 and gave the company an “outperform” rating in a research report on Wednesday, January 13th. BTIG Research reaffirmed a “buy” rating and issued a $16.00 target price on shares of SuRo Capital in a research report on Sunday, March 7th.
A number of institutional investors and hedge funds have recently modified their holdings of SSSS. Wells Fargo & Company MN increased its holdings in SuRo Capital by 23.3% during the 3rd quarter. Wells Fargo & Company MN now owns 40,492 shares of the company’s stock worth $438,000 after purchasing an additional 7,650 shares in the last quarter. BlackRock Inc. bought a new position in shares of SuRo Capital in the third quarter valued at approximately $1,232,000. LPL Financial LLC grew its holdings in shares of SuRo Capital by 42.5% in the third quarter. LPL Financial LLC now owns 29,905 shares of the company’s stock valued at $324,000 after acquiring an additional 8,915 shares in the last quarter. Morgan Stanley grew its holdings in shares of SuRo Capital by 176.8% in the third quarter. Morgan Stanley now owns 261,370 shares of the company’s stock valued at $2,834,000 after acquiring an additional 166,931 shares in the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in shares of SuRo Capital in the third quarter valued at approximately $177,000. 16.28% of the stock is owned by hedge funds and other institutional investors.
About SuRo Capital
Sutter Rock Capital Corp. is specializing in growth capital, B round and beyond, emerging growth, and pre-IPO investments in late stage venture-backed private companies. It makes direct (primary rounds) investments in companies and also makes secondary direct investments. The fund operates as a Business development Company.
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