SURO Capital Corp. (NASDAQ:SSSS) Receives $15.00 Average PT from Analysts

SURO Capital Corp. (NASDAQ:SSSS) has been assigned an average rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $15.00.

Several equities research analysts have recently weighed in on SSSS shares. Wall Street Zen raised SURO Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Barrington Research upped their target price on SURO Capital from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Weiss Ratings raised shares of SURO Capital from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, May 26th. Citigroup reissued an “outperform” rating on shares of SURO Capital in a research report on Thursday, April 9th. Finally, Citizens Jmp boosted their price target on shares of SURO Capital from $13.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Thursday, April 9th.

SURO Capital Price Performance

The company has a market cap of $333.70 million, a price-to-earnings ratio of 1.83 and a beta of 1.39. The company has a quick ratio of 24.38, a current ratio of 24.38 and a debt-to-equity ratio of 0.19. SURO Capital has a one year low of $8.01 and a one year high of $14.98. The business’s fifty day moving average price is $13.31 and its 200 day moving average price is $11.31.

Insider Buying and Selling at SURO Capital

In other news, CEO Mark D. Klein bought 2,500 shares of the stock in a transaction that occurred on Tuesday, April 21st. The stock was acquired at an average price of $13.08 per share, with a total value of $32,700.00. Following the completion of the purchase, the chief executive officer directly owned 1,673,521 shares of the company’s stock, valued at approximately $21,889,654.68. This represents a 0.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 8.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Two Sigma Investments LP grew its stake in SURO Capital by 189.9% in the third quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock valued at $1,907,000 after acquiring an additional 138,818 shares during the period. Jane Street Group LLC grew its position in SURO Capital by 102.1% in the 4th quarter. Jane Street Group LLC now owns 251,035 shares of the company’s stock valued at $2,370,000 after purchasing an additional 126,796 shares during the period. LPL Financial LLC grew its position in SURO Capital by 98.9% in the 4th quarter. LPL Financial LLC now owns 174,810 shares of the company’s stock valued at $1,650,000 after purchasing an additional 86,926 shares during the period. Invesco Ltd. raised its holdings in SURO Capital by 560.4% during the fourth quarter. Invesco Ltd. now owns 99,449 shares of the company’s stock worth $939,000 after buying an additional 84,389 shares during the last quarter. Finally, Green Alpha Advisors LLC acquired a new position in SURO Capital during the fourth quarter worth $504,000. 12.95% of the stock is owned by institutional investors.

SURO Capital Company Profile

SURO Capital Corp (NASDAQ: SSSS) is a closed-end management investment company that operates as a business development company (BDC). Founded in 2013 and headquartered in Lewisville, Texas, SURO Capital provides capital solutions to lower middle-market companies across a range of industries. As a BDC, the company is governed by the Investment Company Act of 1940 and focuses on offering debt and equity financing to privately held businesses that may have limited access to traditional bank lending.

The firm’s primary business activities include originating and managing a diversified portfolio of senior secured floating rate loans, unsecured loans, unitranche debt, and equity co-investments.