Insider Buying: Neostellar Capital (NASDAQ:NSLR) Director Buys $511,000.00 in Stock

Neostellar Capital (NASDAQ:NSLR) Director Erik Falk bought 50,000 shares of the stock in a transaction on Wednesday, August 26th. The shares were acquired at an average cost of $10.22 per share, for a total transaction of $511,000.00. Following the purchase, the director owned 50,000 shares in the company, valued at $511,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Neostellar Capital Price Performance

Shares of NASDAQ NSLR traded down $0.03 during mid-day trading on Wednesday, reaching $10.26. The company’s stock had a trading volume of 150,582 shares, compared to its average volume of 256,139. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 0.17. Neostellar Capital has a 1-year low of $8.46 and a 1-year high of $14.98.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NSLR shares. Barrington Research set a $16.00 target price on Neostellar Capital in a report on Thursday, August 6th. Weiss Ratings cut Neostellar Capital from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, August 14th. Wall Street Zen lowered Neostellar Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, BTIG Research restated a “buy” rating and issued a $15.00 target price on shares of Neostellar Capital in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Neostellar Capital currently has an average rating of “Buy” and a consensus price target of $14.50.

Institutional Investors Weigh In On Neostellar Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NSLR. Gabelli Funds LLC raised its stake in shares of Neostellar Capital by 3.3% in the 1st quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock valued at $13,967,000 after acquiring an additional 41,894 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Neostellar Capital during the 3rd quarter worth approximately $114,000. Cresset Asset Management LLC purchased a new position in shares of Neostellar Capital during the 3rd quarter worth approximately $120,000. Bank of America Corp DE increased its holdings in Neostellar 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 last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Neostellar Capital in the 2nd quarter valued at approximately $31,000. 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.