SURO Capital (NASDAQ:SSSS) Stock Price Expected to Rise, Citizens Jmp Analyst Says

SURO Capital (NASDAQ:SSSS) had its price target hoisted by Citizens Jmp from $11.00 to $13.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s price objective suggests a potential upside of 26.58% from the stock’s previous close.

A number of other research firms have also issued reports on SSSS. Lucid Cap Mkts upgraded SURO Capital to a “strong-buy” rating in a research report on Monday, January 5th. BTIG Research raised their target price on SURO Capital from $10.50 to $12.50 and gave the company a “buy” rating in a research note on Wednesday. Barrington Research boosted their price target on shares of SURO Capital from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of SURO Capital in a research report on Monday, December 29th. Finally, Capital One Financial set a $12.00 price objective on shares of SURO Capital in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $13.13.

SURO Capital Price Performance

SSSS opened at $10.27 on Thursday. The company has a quick ratio of 18.48, a current ratio of 18.48 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $9.45 and its 200 day moving average price is $9.32. SURO Capital has a fifty-two week low of $4.21 and a fifty-two week high of $10.34. The firm has a market cap of $257.97 million, a price-to-earnings ratio of 5.80 and a beta of 1.43.

SURO Capital (NASDAQ:SSSS) last issued its earnings results on Monday, March 9th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03). The company had revenue of $0.56 million during the quarter, compared to analyst estimates of $0.35 million. SURO Capital had a net margin of 2,894.90% and a negative return on equity of 8.15%.

Institutional Investors Weigh In On SURO Capital

A number of hedge funds and other institutional investors have recently modified their holdings of SSSS. Gabelli Funds LLC increased its stake in SURO Capital by 13.9% during the 2nd quarter. Gabelli Funds LLC now owns 1,450,834 shares of the company’s stock valued at $11,911,000 after buying an additional 176,674 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of SURO Capital by 26.2% in the second quarter. Gamco Investors INC. ET AL now owns 285,000 shares of the company’s stock valued at $2,340,000 after acquiring an additional 59,250 shares in the last quarter. GatePass Capital LLC boosted its holdings in shares of SURO Capital by 2.5% in the fourth quarter. GatePass Capital LLC now owns 508,400 shares of the company’s stock valued at $4,799,000 after acquiring an additional 12,300 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of SURO Capital by 21.5% during the fourth quarter. Ritholtz Wealth Management now owns 21,402 shares of the company’s stock valued at $202,000 after acquiring an additional 3,791 shares during the period. Finally, Byrne Asset Management LLC increased its stake in shares of SURO Capital by 197.5% during the fourth quarter. Byrne Asset Management LLC now owns 27,400 shares of the company’s stock valued at $259,000 after acquiring an additional 18,190 shares during the period. 12.95% of the stock is currently owned by institutional investors.

About SURO Capital

SURO Capital Corp (NASDAQ: SSSS) is a closed-end management investment company that operates as a business development company (BDC). Founded in 2013 and headquartered in Lewisville, Texas, SURO Capital provides capital solutions to lower middle-market companies across a range of industries. As a BDC, the company is governed by the Investment Company Act of 1940 and focuses on offering debt and equity financing to privately held businesses that may have limited access to traditional bank lending.

The firm’s primary business activities include originating and managing a diversified portfolio of senior secured floating rate loans, unsecured loans, unitranche debt, and equity co-investments.