SURO Capital Corp. (NASDAQ:SSSS) Receives Consensus Rating of “Buy” from Brokerages

SURO Capital Corp. (NASDAQ:SSSS) has been given a consensus recommendation of “Buy” by the six ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $15.00.

Several equities analysts have recently commented on the company. Citizens Jmp increased their target price on SURO Capital from $13.00 to $15.00 and gave the company a “market outperform” rating in a research note on Thursday, April 9th. Weiss Ratings cut SURO Capital from a “buy (b)” rating to a “hold (c)” rating in a research note on Wednesday, March 18th. Citigroup reiterated an “outperform” rating on shares of SURO Capital in a research note on Thursday, April 9th. Wall Street Zen raised SURO Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, BTIG Research upped their price target on SURO Capital from $12.50 to $15.00 and gave the company a “buy” rating in a research report on Thursday, April 9th.

Insider Activity

In other news, CEO Mark D. Klein purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The shares were acquired at an average cost of $13.08 per share, with a total value of $32,700.00. Following the transaction, the chief executive officer owned 1,673,521 shares in the company, valued at approximately $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 accessible through this link. Corporate insiders own 8.32% of the company’s stock.

Institutional Investors Weigh In On SURO Capital

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its position in SURO Capital by 222.2% in the second 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. Raymond James Financial Inc. acquired a new stake in SURO Capital in the second quarter worth $31,000. Hazlett Burt & Watson Inc. increased its position in SURO Capital by 2,587.5% in 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 during the period. Invesco Ltd. acquired a new stake in SURO Capital in the first quarter worth $62,000. Finally, Jane Street Group LLC increased its position in SURO Capital by 58.5% in the first quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock worth $90,000 after buying an additional 6,701 shares during the period. 12.95% of the stock is owned by institutional investors and hedge funds.

SURO Capital Stock Up 7.0%

NASDAQ SSSS opened at $13.51 on Friday. The stock has a market cap of $352.21 million, a PE ratio of 1.94 and a beta of 1.40. SURO Capital has a fifty-two week low of $6.00 and a fifty-two week high of $14.48. The business has a 50 day moving average price of $11.95 and a two-hundred day moving average price of $10.33. 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 (NASDAQ:SSSS) last released its earnings results on Tuesday, March 10th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.03). The business had revenue of $0.56 million for the quarter, compared to analysts’ expectations of $0.35 million. SURO Capital had a net margin of 10,695.73% and a negative return on equity of 6.61%.

About SURO Capital

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.