SURO Capital (NASDAQ:SSSS) CEO Purchases $32,700.00 in Stock

SURO Capital Corp. (NASDAQ:SSSS) CEO Mark Klein bought 2,500 shares of the stock in a transaction that occurred on Tuesday, April 21st. The stock was purchased at an average price of $13.08 per share, for a total transaction of $32,700.00. Following the completion of the purchase, the chief executive officer directly owned 1,673,521 shares in the company, valued at $21,889,654.68. The trade was a 0.15% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

SURO Capital Stock Performance

SURO Capital stock traded up $0.30 during mid-day trading on Wednesday, reaching $13.36. The company had a trading volume of 352,355 shares, compared to its average volume of 275,177. The company has a quick ratio of 54.37, a current ratio of 54.37 and a debt-to-equity ratio of 0.34. SURO Capital Corp. has a 52 week low of $4.50 and a 52 week high of $13.66. The company has a 50 day moving average of $10.45 and a 200-day moving average of $9.79. The firm has a market cap of $339.21 million, a price-to-earnings ratio of 7.55 and a beta of 1.32.

SURO Capital (NASDAQ:SSSS) last issued its quarterly earnings results on Tuesday, March 10th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03). SURO Capital had a net margin of 2,894.90% and a negative return on equity of 8.12%. The company had revenue of $0.56 million during the quarter, compared to the consensus estimate of $0.35 million.

Analysts Set New Price Targets

A number of analysts have weighed in on SSSS shares. BTIG Research increased their price target on shares of SURO Capital from $12.50 to $15.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Citizens Jmp increased their price target on shares of SURO Capital from $13.00 to $15.00 and gave the company a “market outperform” rating in a report on Thursday, April 9th. Capital One Financial set a $12.00 price target on shares of SURO Capital in a report on Monday, January 5th. Weiss Ratings downgraded shares of SURO Capital from a “buy (b)” rating to a “hold (c)” rating in a report on Wednesday, March 18th. Finally, Barrington Research increased their price target on shares of SURO Capital from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $14.75.

Hedge Funds Weigh In On SURO Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in SSSS. Bank of America Corp DE lifted its holdings in shares of SURO 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 acquiring an additional 2,253 shares during the period. Raymond James Financial Inc. bought a new position in shares of SURO Capital during the 2nd quarter worth about $31,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of SURO Capital by 2,587.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,655 shares of the company’s stock worth $33,000 after acquiring an additional 3,519 shares during the period. Invesco Ltd. bought a new position in shares of SURO Capital during the 1st quarter worth about $62,000. Finally, Byrne Asset Management LLC bought a new position in shares of SURO Capital during the 3rd quarter worth about $83,000. 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.