Neostellar Capital (NASDAQ:NSLR) Stock Price Target Cut by BTIG Research

Neostellar Capital (NASDAQ:NSLR) had its price objective dropped by investment analysts at BTIG Research from $15.00 to $14.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s target price suggests a potential upside of 90.22% from the company’s current price.

Several other research analysts have also issued reports on the stock. Weiss Ratings lowered shares of Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. Wall Street Zen lowered 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 target price on Neostellar Capital in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $14.25.

Neostellar Capital Trading Down 0.5%

Shares of NASDAQ NSLR opened at $7.36 on Wednesday. The firm has a market capitalization of $194.82 million, a price-to-earnings ratio of 1.83 and a beta of 1.47. Neostellar Capital has a one year low of $7.04 and a one year high of $14.98. The company has a fifty day moving average price of $9.29. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 0.17.

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

Insider Buying and Selling at Neostellar Capital

In other Neostellar Capital news, CEO Mark Klein purchased 26,040 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average cost of $9.60 per share, with a total value of $249,984.00. Following the completion of the acquisition, the chief executive officer directly owned 1,758,796 shares of the company’s stock, valued at $16,884,441.60. This represents a 1.50% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald Lott sold 5,085 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $9.96, for a total transaction of $50,646.60. Following the transaction, the director owned 16,432 shares in the company, valued at approximately $163,662.72. This trade represents a 23.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders acquired 81,040 shares of company stock worth $800,534. 8.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Neostellar Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NSLR. Byrne Asset Management LLC lifted its position in shares of Neostellar Capital by 24.0% during the third quarter. Byrne Asset Management LLC now owns 26,220 shares of the company’s stock worth $196,000 after purchasing an additional 5,070 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of Neostellar Capital by 13.4% in the first quarter. Ritholtz Wealth Management now owns 24,264 shares of the company’s stock valued at $260,000 after purchasing an additional 2,862 shares in the last quarter. Tactive Advisors LLC raised its position in Neostellar Capital by 66.5% in the 2nd quarter. Tactive Advisors LLC now owns 30,311 shares of the company’s stock worth $380,000 after purchasing an additional 12,111 shares during the last quarter. Private Advisor Group LLC raised its position in Neostellar Capital by 51.4% in the 1st quarter. Private Advisor Group LLC now owns 69,034 shares of the company’s stock worth $739,000 after purchasing an additional 23,446 shares during the last quarter. Finally, Gabelli Funds LLC lifted its holdings 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 buying an additional 41,894 shares in the last quarter. Institutional investors and hedge funds own 12.95% of the company’s stock.

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.