Barrington Research Forecasts Strong Price Appreciation for SuRo Capital (NASDAQ:SSSS) Stock

SuRo Capital (NASDAQ:SSSSGet Free Report) had its target price raised by research analysts at Barrington Research from $6.00 to $8.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s price objective would suggest a potential upside of 26.18% from the company’s previous close.

SuRo Capital Price Performance

Shares of SSSS stock opened at $6.34 on Tuesday. The firm has a fifty day simple moving average of $5.69 and a 200-day simple moving average of $4.68. The company has a market capitalization of $149.62 million, a PE ratio of -3.35 and a beta of 1.61. SuRo Capital has a twelve month low of $3.32 and a twelve month high of $6.74. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47.

Insider Transactions at SuRo Capital

In other news, CEO Mark D. Klein bought 39,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was bought at an average price of $5.20 per share, for a total transaction of $202,800.00. Following the transaction, the chief executive officer now owns 1,169,923 shares in the company, valued at $6,083,599.60. The trade was a 3.45 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Allison Green bought 9,100 shares of the stock in a transaction on Monday, December 2nd. The shares were acquired at an average price of $5.48 per share, with a total value of $49,868.00. Following the purchase, the insider now owns 136,734 shares of the company’s stock, valued at $749,302.32. The trade was a 7.13 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 58,843 shares of company stock valued at $307,047. 5.97% of the stock is currently owned by corporate insiders.

Institutional Trading of SuRo Capital

Hedge funds have recently made changes to their positions in the stock. HB Wealth Management LLC acquired a new stake in shares of SuRo Capital in the fourth quarter valued at approximately $65,000. Arete Wealth Advisors LLC bought a new position in SuRo Capital in the 3rd quarter worth approximately $84,000. Finally, Gabelli Funds LLC raised its stake in SuRo Capital by 139.3% during the 2nd quarter. Gabelli Funds LLC now owns 730,000 shares of the company’s stock valued at $2,927,000 after acquiring an additional 425,000 shares in the last quarter. Institutional investors own 12.95% of the company’s stock.

About SuRo Capital

(Get Free Report)

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.

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