SuRo Capital’s (SSSS) Outperform Rating Reaffirmed at Barrington Research

SuRo Capital (NASDAQ:SSSS)‘s stock had its “outperform” rating reaffirmed by equities researchers at Barrington Research in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $6.00 price objective on the stock. Barrington Research’s price objective suggests a potential upside of 18.81% from the company’s current price.

SuRo Capital Price Performance

SSSS stock traded down $0.20 during midday trading on Tuesday, reaching $5.05. The company had a trading volume of 35,706 shares, compared to its average volume of 84,590. SuRo Capital has a 1 year low of $3.32 and a 1 year high of $5.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 27.02 and a quick ratio of 27.02. The company has a market capitalization of $118.07 million, a P/E ratio of -2.70 and a beta of 1.63. The firm has a 50-day moving average price of $4.31 and a 200-day moving average price of $4.09.

Insider Buying and Selling

In related news, CEO Mark D. Klein bought 12,000 shares of the stock in a transaction dated Tuesday, August 20th. The stock was bought at an average price of $3.84 per share, with a total value of $46,080.00. Following the purchase, the chief executive officer now owns 1,088,666 shares in the company, valued at approximately $4,180,477.44. The trade was a 0.00 % increase in their position. The acquisition 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. Choreo LLC bought a new position in shares of SuRo Capital during the second quarter valued at approximately $62,000. Levin Capital Strategies L.P. bought a new position in SuRo Capital in the second quarter worth about $174,000. Acadian Asset Management LLC purchased a new stake in SuRo Capital in the first quarter worth about $311,000. EJF Capital LLC boosted its position in SuRo Capital by 104.2% during the 1st quarter. EJF Capital LLC now owns 72,711 shares of the company’s stock valued at $331,000 after acquiring an additional 37,109 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings in shares of SuRo Capital by 50.6% during the 1st quarter. Gabelli Funds LLC now owns 305,000 shares of the company’s stock worth $1,388,000 after acquiring an additional 102,500 shares during the period. Hedge funds and other institutional investors own 12.95% of the company’s stock.

About SuRo Capital

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.