Neostellar Capital (NASDAQ:NSLR) Stock: Insider Marc Mazur Purchases 5,000 Shares

Neostellar Capital (NASDAQ:NSLR) Director Marc Mazur purchased 5,000 shares of the stock in a transaction dated Wednesday, November 11th. The stock was bought at an average cost of $6.10 per share, with a total value of $30,500.00. Following the transaction, the director owned 73,950 shares in the company, valued at $451,095. The trade was a 7.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Neostellar Capital Price Performance

NSLR stock traded down $0.04 during trading on Friday, hitting $5.98. 319,494 shares of the stock traded hands, compared to its average volume of 293,433. Neostellar Capital has a 1 year low of $5.45 and a 1 year high of $14.98. The stock has a 50 day simple moving average of $7.17. The stock has a market capitalization of $158.29 million, a PE ratio of 2.03 and a beta of 1.49. The company has a current ratio of 18.52, a quick ratio of 18.53 and a debt-to-equity ratio of 0.25.

Neostellar Capital (NASDAQ:NSLR) last released its quarterly earnings data on Tuesday, November 3rd. The company reported ($0.15) earnings per share for the quarter. Neostellar Capital had a net margin of 5,128.31% and a negative return on equity of 11.78%.

Institutional Investors Weigh In On Neostellar Capital

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gabelli Funds LLC boosted its holdings in shares of Neostellar Capital by 39.0% in the third quarter. Gabelli Funds LLC now owns 1,705,924 shares of the company’s stock worth $13,119,000 after buying an additional 478,868 shares during the last quarter. GatePass Capital LLC increased its holdings in Neostellar Capital by 12.8% during the third quarter. GatePass Capital LLC now owns 573,200 shares of the company’s stock valued at $4,408,000 after buying an additional 65,050 shares during the last quarter. MGO One Seven LLC increased its holdings in Neostellar Capital by 13.6% during the third quarter. MGO One Seven LLC now owns 293,428 shares of the company’s stock valued at $2,256,000 after buying an additional 35,184 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in Neostellar Capital by 17.7% during the third quarter. Gamco Investors INC. ET AL now owns 286,500 shares of the company’s stock valued at $2,203,000 after buying an additional 43,000 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Neostellar Capital in the third quarter worth approximately $1,339,000. Hedge funds and other institutional investors own 12.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Wall Street Zen downgraded Neostellar Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. BTIG Research reduced their target price on Neostellar Capital from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, November 4th. Barrington Research set a $13.00 price target on Neostellar Capital in a research note on Tuesday, October 20th. Citizens Jmp lowered their price target on Neostellar Capital from $15.00 to $13.00 and set a “market outperform” rating on the stock in a report on Monday, October 26th. Finally, Weiss Ratings raised Neostellar Capital from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $12.75.

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.