SuRo Capital Corp. (NASDAQ:SSSS) Sees Significant Decline in Short Interest

SuRo Capital Corp. (NASDAQ:SSSS) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 108,800 shares, a decrease of 18.7% from the October 15th total of 133,900 shares. Based on an average daily trading volume, of 116,200 shares, the short-interest ratio is presently 0.9 days. Approximately 0.5% of the company’s shares are sold short.

SuRo Capital Stock Down 4.2 %

NASDAQ:SSSS traded down $0.21 on Friday, reaching $4.82. 195,535 shares of the stock traded hands, compared to its average volume of 166,686. The company has a market capitalization of $112.69 million, a price-to-earnings ratio of -2.55 and a beta of 1.63. The company has a current ratio of 11.32, a quick ratio of 27.02 and a debt-to-equity ratio of 0.47. SuRo Capital has a 12 month low of $3.32 and a 12 month high of $5.44. The company’s fifty day simple moving average is $4.39 and its 200 day simple moving average is $4.12.

Insider Buying and Selling at SuRo Capital

In related news, CEO Mark D. Klein acquired 12,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was acquired at an average cost of $3.84 per share, for a total transaction of $46,080.00. Following the acquisition, the chief executive officer now owns 1,088,666 shares of the company’s stock, valued at $4,180,477.44. This trade represents a 1.11 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 5.97% of the stock is currently owned by corporate insiders.

Institutional Trading of SuRo Capital

A number of institutional investors have recently made changes to their positions in SSSS. Acadian Asset Management LLC purchased a new stake in shares of SuRo Capital during the 1st quarter valued at about $311,000. Gabelli Funds LLC boosted its holdings in shares of SuRo Capital by 50.6% in the first quarter. Gabelli Funds LLC now owns 305,000 shares of the company’s stock worth $1,388,000 after buying an additional 102,500 shares during the last quarter. EJF Capital LLC boosted its holdings in shares of SuRo Capital by 104.2% in the first quarter. EJF Capital LLC now owns 72,711 shares of the company’s stock worth $331,000 after buying an additional 37,109 shares during the last quarter. Choreo LLC purchased a new position in shares of SuRo Capital in the second quarter worth approximately $62,000. Finally, Levin Capital Strategies L.P. purchased a new position in shares of SuRo Capital in the second quarter worth approximately $174,000. Hedge funds and other institutional investors own 12.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and issued a $6.00 price objective on shares of SuRo Capital in a report on Tuesday, November 12th.

SuRo Capital Company Profile

SuRo Capital Corp. is a business development company. The firm seeks to invest in growth capital, late stage and venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California with additional office in New York, New York.