SuRo Capital Corp. (NASDAQ:SSSS) Shares Purchased by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. grew its holdings in shares of SuRo Capital Corp. (NASDAQ:SSSS) by 85.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 145,510 shares of the company’s stock after purchasing an additional 67,049 shares during the period. Levin Capital Strategies L.P. owned approximately 0.62% of SuRo Capital worth $856,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Legato Capital Management LLC acquired a new position in shares of SuRo Capital during the fourth quarter valued at $82,000. Choreo LLC increased its holdings in shares of SuRo Capital by 16.6% during the fourth quarter. Choreo LLC now owns 19,380 shares of the company’s stock valued at $117,000 after purchasing an additional 2,764 shares during the period. HB Wealth Management LLC acquired a new position in shares of SuRo Capital during the fourth quarter valued at $65,000. Finally, Arete Wealth Advisors LLC acquired a new position in shares of SuRo Capital during the third quarter valued at $84,000. 12.95% of the stock is owned by institutional investors and hedge funds.

SuRo Capital Trading Down 0.9 %

Shares of SSSS stock opened at $6.50 on Friday. The stock has a 50-day simple moving average of $5.93 and a 200 day simple moving average of $5.08. SuRo Capital Corp. has a fifty-two week low of $3.52 and a fifty-two week high of $6.83. The stock has a market capitalization of $153.41 million, a P/E ratio of -3.44 and a beta of 1.59. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47.

Insider Activity at SuRo Capital

In other news, insider Allison Green bought 9,100 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was acquired at an average price of $5.48 per share, with a total value of $49,868.00. Following the completion of the purchase, the insider now directly owns 136,734 shares of the company’s stock, valued at $749,302.32. This represents a 7.13 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 5.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research raised their price target on SuRo Capital from $6.00 to $8.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st.

About SuRo Capital

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.