Insider Buying: SuRo Capital Corp. (NASDAQ:SSSS) Insider Purchases 9,100 Shares of Stock

SuRo Capital Corp. (NASDAQ:SSSS) insider Allison Green bought 9,100 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was purchased at an average cost of $5.48 per share, with a total value of $49,868.00. Following the purchase, the insider now owns 136,734 shares of the company’s stock, valued at $749,302.32. This represents a 7.13 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

SuRo Capital Stock Up 6.8 %

Shares of SSSS opened at $5.82 on Wednesday. The firm has a market cap of $136.07 million, a P/E ratio of -3.08 and a beta of 1.66. The stock has a 50 day simple moving average of $4.69 and a two-hundred day simple moving average of $4.22. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.32 and a quick ratio of 11.32. SuRo Capital Corp. has a 1 year low of $3.32 and a 1 year high of $6.05.

Institutional Trading of SuRo Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Choreo LLC bought a new stake in SuRo Capital in the second quarter valued at approximately $62,000. Arete Wealth Advisors LLC bought a new stake in SuRo Capital in the third quarter valued at approximately $84,000. Levin Capital Strategies L.P. bought a new stake in SuRo Capital in the second quarter valued at approximately $174,000. Acadian Asset Management LLC lifted its position in SuRo Capital by 91.6% in the second quarter. Acadian Asset Management LLC now owns 131,636 shares of the company’s stock valued at $527,000 after purchasing an additional 62,950 shares during the last quarter. Finally, Gabelli Funds LLC lifted its position in SuRo Capital by 139.3% in the second quarter. Gabelli Funds LLC now owns 730,000 shares of the company’s stock valued at $2,927,000 after purchasing an additional 425,000 shares during the last quarter. Institutional investors own 12.95% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $6.00 target price on shares of SuRo Capital in a research note 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.