Neostellar Capital (NASDAQ:NSLR) Short Interest Update

Neostellar Capital (NASDAQ:NSLR) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 575,448 shares, an increase of 47.9% from the July 15th total of 389,000 shares. Based on an average trading volume of 261,652 shares, the days-to-cover ratio is presently 2.2 days. Currently, 2.4% of the shares of the stock are short sold.

Neostellar Capital Stock Down 2.2%

NASDAQ NSLR traded down $0.23 on Tuesday, hitting $10.16. 121,797 shares of the stock were exchanged, compared to its average volume of 282,946. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $268.94 million, a price-to-earnings ratio of 2.52 and a beta of 1.44. Neostellar Capital has a 52-week low of $8.46 and a 52-week high of $14.98.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NSLR shares. Wall Street Zen downgraded shares of Neostellar Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings cut shares of Neostellar Capital from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday. Barrington Research set a $16.00 price target on Neostellar Capital in a research report on Thursday, August 6th. Finally, BTIG Research restated a “buy” rating and set a $15.00 price objective on shares of Neostellar Capital in a research report on Friday, July 10th. One 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 company. According to data from MarketBeat, Neostellar Capital presently has an average rating of “Buy” and an average target price of $14.50.

Insider Transactions at Neostellar Capital

In other news, CEO Mark D. Klein acquired 26,040 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were acquired at an average cost of $9.60 per share, with a total value of $249,984.00. Following the acquisition, the chief executive officer directly owned 1,758,796 shares of the company’s stock, valued at approximately $16,884,441.60. The trade was a 1.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Neostellar Capital

Several hedge funds have recently added to or reduced their stakes in NSLR. Two Sigma Investments LP raised its position in Neostellar Capital by 189.9% in the 3rd quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock worth $1,907,000 after purchasing an additional 138,818 shares during the period. Jane Street Group LLC boosted its position in shares of Neostellar Capital by 102.1% during the fourth quarter. Jane Street Group LLC now owns 251,035 shares of the company’s stock valued at $2,370,000 after buying an additional 126,796 shares during the period. LPL Financial LLC grew its stake in shares of Neostellar Capital by 98.9% during the fourth quarter. LPL Financial LLC now owns 174,810 shares of the company’s stock valued at $1,650,000 after buying an additional 86,926 shares during the last quarter. Invesco Ltd. grew its stake in shares of Neostellar Capital by 560.4% during the fourth quarter. Invesco Ltd. now owns 99,449 shares of the company’s stock valued at $939,000 after buying an additional 84,389 shares during the last quarter. Finally, Mangrove Partners IM LLC purchased a new stake in shares of Neostellar Capital in the fourth quarter worth approximately $497,000. 12.95% of the stock is currently owned by institutional investors.

About Neostellar Capital

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.