SuRo Capital (NASDAQ:SSSS) Stock Rating Upgraded by Wall Street Zen

SuRo Capital (NASDAQ:SSSS) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

SSSS has been the subject of a number of other research reports. Barrington Research reissued an “outperform” rating and set a $8.00 target price on shares of SuRo Capital in a report on Tuesday, April 8th. Citigroup reissued an “outperform” rating on shares of SuRo Capital in a report on Wednesday, March 12th.

SuRo Capital Trading Down 2.0%

SSSS stock opened at $6.25 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.32 and a quick ratio of 11.32. The company has a fifty day moving average price of $5.20 and a two-hundred day moving average price of $5.58. SuRo Capital has a one year low of $3.52 and a one year high of $6.83. The stock has a market cap of $147.20 million, a price-to-earnings ratio of -3.31 and a beta of 1.62.

SuRo Capital (NASDAQ:SSSS) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). SuRo Capital had a negative return on equity of 7.28% and a negative net margin of 801.00%. The company had revenue of $0.50 million for the quarter, compared to the consensus estimate of $1.23 million.

Insider Activity at SuRo Capital

In related news, CEO Mark D. Klein purchased 16,500 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average price of $5.26 per share, with a total value of $86,790.00. Following the completion of the purchase, the chief executive officer now directly owns 1,216,019 shares in the company, valued at $6,396,259.94. This trade represents a 1.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.69% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SSSS. Thomas J. Herzfeld Advisors Inc. grew its position in SuRo Capital by 26.3% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,714,062 shares of the company’s stock valued at $8,519,000 after acquiring an additional 356,653 shares during the last quarter. Gabelli Funds LLC grew its position in SuRo Capital by 9.4% in the first quarter. Gabelli Funds LLC now owns 1,274,160 shares of the company’s stock valued at $6,333,000 after acquiring an additional 109,660 shares during the last quarter. J. Goldman & Co LP bought a new position in SuRo Capital in the fourth quarter valued at about $3,592,000. Needham Investment Management LLC grew its position in SuRo Capital by 12.2% in the first quarter. Needham Investment Management LLC now owns 378,594 shares of the company’s stock valued at $1,882,000 after acquiring an additional 41,200 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its position in SuRo Capital by 7.1% in the first quarter. Gamco Investors INC. ET AL now owns 225,750 shares of the company’s stock valued at $1,122,000 after acquiring an additional 15,000 shares during the last quarter. 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.