Rangeley Capital LLC Purchases New Holdings in SuRo Capital Corp. (NASDAQ:SSSS)

Rangeley Capital LLC bought a new position in SuRo Capital Corp. (NASDAQ:SSSS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 25,000 shares of the company’s stock, valued at approximately $147,000. Rangeley Capital LLC owned approximately 0.11% of SuRo Capital at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Choreo LLC increased its holdings in SuRo Capital by 16.6% in the 4th quarter. Choreo LLC now owns 19,380 shares of the company’s stock worth $117,000 after buying an additional 2,764 shares in the last quarter. Levin Capital Strategies L.P. raised its stake in shares of SuRo Capital by 85.5% in the fourth quarter. Levin Capital Strategies L.P. now owns 145,510 shares of the company’s stock worth $856,000 after buying an additional 67,049 shares during the period. Thomas J. Herzfeld Advisors Inc. boosted its position in shares of SuRo Capital by 24.7% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,357,409 shares of the company’s stock worth $7,982,000 after purchasing an additional 268,899 shares during the period. HB Wealth Management LLC bought a new position in SuRo Capital in the 4th quarter worth $65,000. Finally, Legato Capital Management LLC purchased a new stake in shares of SuRo Capital during the fourth quarter worth about $82,000. 12.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SSSS has been the subject of several research analyst reports. Citigroup restated an “outperform” rating on shares of SuRo Capital in a report on Wednesday, March 12th. Barrington Research reaffirmed an “outperform” rating and issued a $8.00 price objective on shares of SuRo Capital in a research report on Wednesday, March 12th.

SuRo Capital Stock Up 7.6 %

NASDAQ:SSSS opened at $5.38 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.32 and a quick ratio of 11.32. The company has a 50-day moving average of $5.75 and a 200 day moving average of $5.35. SuRo Capital Corp. has a 1-year low of $3.52 and a 1-year high of $6.83. The firm has a market cap of $126.71 million, a PE ratio of -2.85 and a beta of 1.53.

SuRo Capital 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.