SuRo Capital (NASDAQ:SSSS) Price Target Raised to $8.00

SuRo Capital (NASDAQ:SSSS) had its price target hoisted by Barrington Research from $6.00 to $8.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

SuRo Capital Stock Performance

Shares of SSSS stock opened at $6.53 on Tuesday. The stock has a market cap of $154.11 million, a PE ratio of -3.46 and a beta of 1.61. SuRo Capital has a 52-week low of $3.32 and a 52-week high of $6.74. The business has a 50-day simple moving average of $5.74 and a 200-day simple moving average of $4.71. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47.

SuRo Capital (NASDAQ:SSSS) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) EPS for the quarter. The firm had revenue of $0.89 million for the quarter. SuRo Capital had a negative return on equity of 7.28% and a negative net margin of 801.00%.

Insider Transactions at SuRo Capital

In other SuRo Capital news, CEO Mark D. Klein bought 10,000 shares of SuRo Capital stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average cost of $5.03 per share, for a total transaction of $50,300.00. Following the completion of the transaction, the chief executive officer now directly owns 1,098,666 shares of the company’s stock, valued at approximately $5,526,289.98. This represents a 0.92 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Allison Green bought 9,100 shares of the stock in a transaction dated Monday, December 2nd. The shares were bought at an average price of $5.48 per share, for a total transaction of $49,868.00. Following the completion of the acquisition, the insider now owns 136,734 shares in the company, valued at approximately $749,302.32. The trade was a 7.13 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 58,843 shares of company stock valued at $307,047 in the last three months. 5.97% of the stock is currently owned by company insiders.

Institutional Trading of SuRo Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of SSSS. Gabelli Funds LLC increased its holdings 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 buying an additional 425,000 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in SuRo Capital during the third quarter worth approximately $84,000. Finally, HB Wealth Management LLC purchased a new stake in SuRo Capital during the fourth quarter valued at about $65,000. 12.95% of the stock is currently owned by institutional investors and hedge funds.

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.