Insider Buying: Neostellar Capital (NASDAQ:NSLR) CEO Purchases $249,984.00 in Stock

Neostellar Capital (NASDAQ:NSLR) CEO Mark Klein purchased 26,040 shares of the stock in a transaction on Monday, August 10th. The stock was bought at an average cost of $9.60 per share, for a total transaction of $249,984.00. Following the completion of the acquisition, the chief executive officer owned 1,758,796 shares in the company, valued at approximately $16,884,441.60. This trade represents a 1.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Neostellar Capital Stock Performance

Shares of NSLR stock opened at $10.84 on Thursday. Neostellar Capital has a 12-month low of $8.28 and a 12-month high of $14.98. The company has a market cap of $286.97 million, a price-to-earnings ratio of 2.69 and a beta of 1.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 24.38 and a quick ratio of 24.38.

Neostellar Capital (NASDAQ:NSLR) last announced its earnings results on Wednesday, August 5th. The company reported ($0.90) earnings per share for the quarter. The firm had revenue of $0.30 million for the quarter. Neostellar Capital had a negative return on equity of 13.69% and a net margin of 6,053.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Neostellar Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. BTIG Research reiterated a “buy” rating and issued a $15.00 price objective on shares of Neostellar Capital in a research note on Friday, July 10th. Barrington Research set a $16.00 target price on shares of Neostellar Capital in a research report on Thursday, August 6th. Finally, Weiss Ratings assumed coverage on shares of Neostellar Capital in a research report on Thursday, July 9th. They set a “buy (b)” rating on the stock. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Neostellar Capital presently has an average rating of “Buy” and an average price target of $15.50.

About Neostellar Capital

SuRo Capital Corp. is a business development company. The firm seeks to invest in growing, late stage, venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California.