SURO Capital Corp. (NASDAQ:SSSS) Given Consensus Rating of “Buy” by Analysts

Shares of SURO Capital Corp. (NASDAQ:SSSS) have been assigned an average rating of “Buy” from the five brokerages that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $10.8333.

A number of equities analysts have recently commented on SSSS shares. BTIG Research lifted their target price on SURO Capital from $10.00 to $10.50 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Weiss Ratings restated a “buy (b-)” rating on shares of SURO Capital in a report on Monday. Wall Street Zen cut SURO Capital from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Barrington Research boosted their target price on shares of SURO Capital from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in shares of SURO Capital by 222.2% in the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock valued at $27,000 after purchasing an additional 2,253 shares during the period. Hazlett Burt & Watson Inc. lifted its position in SURO Capital by 2,587.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 3,655 shares of the company’s stock worth $33,000 after buying an additional 3,519 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of SURO Capital in the second quarter valued at about $31,000. Byrne Asset Management LLC acquired a new stake in shares of SURO Capital during the 3rd quarter worth approximately $83,000. Finally, Coastal Bridge Advisors LLC purchased a new position in shares of SURO Capital during the 3rd quarter worth $101,000. 12.95% of the stock is owned by institutional investors and hedge funds.

SURO Capital Trading Up 3.0%

SURO Capital stock opened at $9.17 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 18.48 and a quick ratio of 18.48. The stock has a market cap of $230.35 million, a P/E ratio of -21.83 and a beta of 1.70. SURO Capital has a 1 year low of $4.21 and a 1 year high of $10.34. The firm’s 50 day moving average price is $9.36 and its 200-day moving average price is $8.44.

SURO Capital (NASDAQ:SSSS) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.08. SURO Capital had a negative return on equity of 5.64% and a net margin of 2,930.42%.The business had revenue of $0.46 million during the quarter, compared to analysts’ expectations of $0.17 million.

SURO Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 21st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend is Friday, November 21st. SURO Capital’s dividend payout ratio is -238.10%.

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.