Ronald Lott Sells 5,085 Shares of Neostellar Capital (NASDAQ:NSLR) Stock

Neostellar Capital (NASDAQ:NSLR) Director Ronald Lott sold 5,085 shares of Neostellar Capital stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $9.96, for a total value of $50,646.60. Following the completion of the transaction, the director directly owned 16,432 shares of the company’s stock, valued at approximately $163,662.72. This represents a 23.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Neostellar Capital Stock Performance

Shares of NSLR stock opened at $10.10 on Friday. The stock has a market cap of $267.38 million, a P/E ratio of 2.51 and a beta of 1.40. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 0.17. Neostellar Capital has a one year low of $8.46 and a one year high of $14.98. The company’s 50-day moving average price is $10.38.

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

Hedge Funds Weigh In On Neostellar Capital

Institutional investors have recently made changes to their positions in the business. Hillsdale Investment Management Inc. grew its position in Neostellar Capital by 5.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 37,400 shares of the company’s stock valued at $353,000 after buying an additional 2,000 shares during the period. Bank of America Corp DE boosted its stake in shares of Neostellar 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 last quarter. Ritholtz Wealth Management grew its position in shares of Neostellar Capital by 13.4% during the 1st quarter. Ritholtz Wealth Management now owns 24,264 shares of the company’s stock valued at $260,000 after acquiring an additional 2,862 shares during the period. Hazlett Burt & Watson Inc. increased its stake in shares of Neostellar Capital by 102.6% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 7,405 shares of the company’s stock worth $68,000 after purchasing an additional 3,750 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Neostellar Capital during the second quarter valued at $31,000. Institutional investors own 12.95% of the company’s stock.

Wall Street Analyst Weigh In

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

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.