Neostellar Capital (NASDAQ:NSLR) Stock Gets Price Target Reduction from BTIG Research

Neostellar Capital (NASDAQ:NSLR) had its price objective cut by BTIG Research from $14.00 to $13.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research‘s price objective would suggest a potential upside of 111.90% from the company’s current price.

NSLR has been the topic of several other reports. Citizens Jmp cut their price target on shares of Neostellar Capital from $15.00 to $13.00 and set a “market outperform” rating on the stock in a research report on Monday, October 26th. Barrington Research set a $13.00 target price on Neostellar Capital in a research report on Tuesday, October 20th. Wall Street Zen lowered Neostellar Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Weiss Ratings lowered Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 18th. 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $12.75.

Neostellar Capital Stock Up 3.5%

Shares of NSLR stock traded up $0.20 during trading on Wednesday, reaching $6.13. The company’s stock had a trading volume of 306,162 shares, compared to its average volume of 297,971. The firm’s fifty day moving average is $7.84. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $162.39 million, a P/E ratio of 1.52 and a beta of 1.49. Neostellar Capital has a one year low of $5.72 and a one year high of $14.98.

Neostellar Capital (NASDAQ:NSLR) last announced its earnings results on Tuesday, November 3rd. The company reported ($0.15) EPS for the quarter. Neostellar Capital had a negative return on equity of 12.63% and a net margin of 6,053.56%.

Insider Activity at Neostellar Capital

In other Neostellar Capital news, Director Erik A. Falk purchased 50,000 shares of the stock in a transaction on Wednesday, August 26th. The shares were purchased at an average price of $10.22 per share, with a total value of $511,000.00. Following the completion of the transaction, the director directly owned 50,000 shares in the company, valued at $511,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Klein acquired 5,000 shares of the company’s stock in a transaction on Monday, September 21st. The stock was acquired at an average price of $7.91 per share, for a total transaction of $39,550.00. Following the purchase, the chief executive officer directly owned 1,763,796 shares of the company’s stock, valued at approximately $13,951,626.36. This trade represents a 0.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 81,040 shares of company stock worth $800,534. Insiders own 8.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. SMH Capital Advisors Inc. acquired a new position in shares of Neostellar Capital during the 3rd quarter worth approximately $556,000. MGO One Seven LLC raised its stake in Neostellar Capital by 13.6% in the 3rd quarter. MGO One Seven LLC now owns 293,428 shares of the company’s stock valued at $2,256,000 after acquiring an additional 35,184 shares during the period. Tactive Advisors LLC lifted its holdings in Neostellar Capital by 133.9% during the 3rd quarter. Tactive Advisors LLC now owns 70,901 shares of the company’s stock valued at $545,000 after purchasing an additional 40,590 shares during the last quarter. Byrne Asset Management LLC lifted its holdings in Neostellar Capital by 24.0% during the 3rd quarter. Byrne Asset Management LLC now owns 26,220 shares of the company’s stock valued at $196,000 after purchasing an additional 5,070 shares during the last quarter. Finally, Gabelli Funds LLC boosted its position in Neostellar Capital by 3.3% during the first quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock worth $13,967,000 after purchasing an additional 41,894 shares during the period. 12.95% of the stock is currently owned by institutional investors.

Key Stories Impacting Neostellar Capital

Here are the key news stories impacting Neostellar Capital this week:

• Positive Sentiment: Neostellar said it has flexibility for up to a $25 million share buyback and plans to retire its 6% notes by December 31. The potential repurchase could support shareholder returns, while retiring the notes would address debt obligations; the buyback is described as flexibility, not a commitment to spend the full amount. Article: Neostellar outlines buyback flexibility and plans to retire notes
• Negative Sentiment: The company reported a third-quarter loss of $0.15 per share. The loss could concern investors, although the provided reports do not include enough detail to assess the quarter’s performance against expectations or prior periods. Article: Neostellar reports third-quarter and nine-month results

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.