Neostellar Capital (NASDAQ:NSLR) Receives Consensus Rating of “Buy” from Analysts

Neostellar Capital (NASDAQ:NSLR) has been given a consensus rating of “Buy” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $14.50.

A number of equities analysts have commented on the stock. BTIG Research reaffirmed a “buy” rating and set a $15.00 price objective on shares of Neostellar Capital in a research report on Friday, July 10th. Weiss Ratings lowered Neostellar Capital from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, August 14th. Wall Street Zen downgraded Neostellar Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Barrington Research set a $16.00 price target on shares of Neostellar Capital in a report on Thursday, August 6th.

Insiders Place Their Bets

In other Neostellar Capital news, CEO Mark D. Klein purchased 26,040 shares of the stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $9.60 per share, with a total value of $249,984.00. Following the acquisition, the chief executive officer owned 1,758,796 shares of the company’s stock, valued at approximately $16,884,441.60. This represents a 1.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Erik A. Falk acquired 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average price of $10.22 per share, with a total value of $511,000.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at $511,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 8.32% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Gabelli Funds LLC increased its position in Neostellar Capital by 3.3% during the 1st quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock worth $13,967,000 after purchasing an additional 41,894 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Neostellar Capital in the third quarter valued at $114,000. Cresset Asset Management LLC bought a new position in Neostellar Capital during the 3rd quarter worth $120,000. Bank of America Corp DE lifted its holdings in Neostellar Capital by 222.2% during the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock worth $27,000 after buying an additional 2,253 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Neostellar Capital in the 2nd quarter valued at about $31,000. Institutional investors own 12.95% of the company’s stock.

Neostellar Capital Stock Performance

Shares of NASDAQ NSLR opened at $10.20 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.76 and a quick ratio of 6.76. The stock has a market capitalization of $270.02 million, a PE ratio of 2.53 and a beta of 1.44. Neostellar Capital has a fifty-two week low of $8.46 and a fifty-two week high of $14.98.

Neostellar Capital (NASDAQ:NSLR) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.90) earnings per share (EPS) for the quarter. The company had revenue of $0.30 million for the quarter. Neostellar Capital had a negative return on equity of 12.63% and a net margin of 6,053.56%.

Neostellar Capital Company Profile

SuRo Capital Corp. is a business development company. The firm seeks to invest in growing, late stage, venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California.