SuRo Capital (NASDAQ:SSSS) Given “Outperform” Rating at Barrington Research

SuRo Capital (NASDAQ:SSSS)‘s stock had its “outperform” rating reiterated by equities researchers at Barrington Research in a research note issued on Tuesday,Benzinga reports. They presently have a $8.00 price target on the stock. Barrington Research’s target price suggests a potential upside of 71.45% from the stock’s previous close.

Separately, Citigroup restated an “outperform” rating on shares of SuRo Capital in a research report on Wednesday, March 12th.

SuRo Capital Price Performance

Shares of SuRo Capital stock traded up $0.15 during trading on Tuesday, reaching $4.67. The company’s stock had a trading volume of 52,283 shares, compared to its average volume of 266,814. SuRo Capital has a 12-month low of $3.52 and a 12-month high of $6.83. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average price of $5.67 and a 200-day moving average price of $5.38. The company has a market capitalization of $109.89 million, a P/E ratio of -2.47 and a beta of 1.61.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SSSS. Choreo LLC increased its holdings in SuRo Capital by 16.6% during the 4th quarter. Choreo LLC now owns 19,380 shares of the company’s stock valued at $117,000 after acquiring an additional 2,764 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of SuRo Capital by 11.2% during the fourth quarter. Bank of America Corp DE now owns 30,626 shares of the company’s stock valued at $180,000 after acquiring an additional 3,092 shares during the last quarter. HB Wealth Management LLC purchased a new stake in SuRo Capital during the fourth quarter valued at about $65,000. Millennium Management LLC acquired a new stake in SuRo Capital during the fourth quarter worth about $65,000. Finally, Jane Street Group LLC purchased a new position in shares of SuRo Capital in the 4th quarter worth about $67,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

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.