Insider Buying: SuRo Capital Corp. (NASDAQ:SSSS) Insider Purchases 9,100 Shares of Stock

SuRo Capital Corp. (NASDAQ:SSSS) insider Allison Green purchased 9,100 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was bought at an average price of $5.48 per share, with a total value of $49,868.00. Following the transaction, the insider now directly owns 136,734 shares in the company, valued at $749,302.32. This trade represents a 7.13 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

SuRo Capital Stock Up 2.8 %

Shares of SuRo Capital stock traded up $0.15 during trading on Monday, hitting $5.45. 357,356 shares of the stock traded hands, compared to its average volume of 91,322. The company has a fifty day moving average price of $4.62 and a two-hundred day moving average price of $4.20. SuRo Capital Corp. has a twelve month low of $3.32 and a twelve month high of $5.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.32 and a current ratio of 11.32. The stock has a market cap of $127.42 million, a P/E ratio of -2.88 and a beta of 1.63.

Analyst Upgrades and Downgrades

Separately, Barrington Research restated an “outperform” rating and set a $6.00 price objective on shares of SuRo Capital in a research report on Tuesday, November 12th.

Institutional Investors Weigh In On SuRo Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gabelli Funds LLC lifted its holdings in SuRo Capital by 139.3% in the 2nd quarter. Gabelli Funds LLC now owns 730,000 shares of the company’s stock worth $2,927,000 after purchasing an additional 425,000 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in SuRo Capital by 91.6% in the 2nd quarter. Acadian Asset Management LLC now owns 131,636 shares of the company’s stock worth $527,000 after purchasing an additional 62,950 shares during the last quarter. Levin Capital Strategies L.P. bought a new position in SuRo Capital in the 2nd quarter worth approximately $174,000. Arete Wealth Advisors LLC bought a new position in SuRo Capital in the 3rd quarter worth approximately $84,000. Finally, Choreo LLC bought a new position in SuRo Capital in the 2nd quarter worth approximately $62,000. 12.95% of the stock is currently owned by institutional investors and hedge funds.

SuRo Capital Company Profile

SuRo Capital Corp. is a business development company. The firm seeks to invest in growth capital, late stage and venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California with additional office in New York, New York.