Erik Falk Acquires 50,000 Shares of Neostellar Capital (NASDAQ:NSLR) Stock

Neostellar Capital (NASDAQ:NSLR) Director Erik Falk purchased 50,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average cost of $10.22 per share, with a total value of $511,000.00. Following the acquisition, the director owned 50,000 shares in the company, valued at approximately $511,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Neostellar Capital Price Performance

Shares of NASDAQ:NSLR opened at $10.29 on Friday. Neostellar Capital has a 1-year low of $8.46 and a 1-year high of $14.98. The company has a market cap of $272.41 million, a PE ratio of 2.55 and a beta of 1.44. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 0.17.

Neostellar Capital (NASDAQ:NSLR) last issued its earnings results on Wednesday, August 5th. The company reported ($0.90) EPS for the quarter. The firm had revenue of $0.30 million during the quarter. Neostellar Capital had a net margin of 6,053.56% and a negative return on equity of 12.63%.

Wall Street Analyst Weigh In

NSLR has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Neostellar Capital from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, August 14th. Wall Street Zen cut shares of Neostellar Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. BTIG Research reissued a “buy” rating and issued a $15.00 price target on shares of Neostellar Capital in a research report on Friday, July 10th. Finally, Barrington Research set a $16.00 price target on shares of Neostellar Capital in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Neostellar Capital currently has an average rating of “Buy” and an average target price of $14.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Hillsdale Investment Management Inc. boosted its stake in shares of Neostellar Capital by 5.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 37,400 shares of the company’s stock valued at $353,000 after purchasing an additional 2,000 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Neostellar Capital by 222.2% in the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock worth $27,000 after purchasing an additional 2,253 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Neostellar Capital by 13.4% during the 1st quarter. Ritholtz Wealth Management now owns 24,264 shares of the company’s stock worth $260,000 after purchasing an additional 2,862 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Neostellar Capital by 14.4% during the 4th quarter. Farther Finance Advisors LLC now owns 23,038 shares of the company’s stock valued at $217,000 after purchasing an additional 2,906 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its holdings in Neostellar Capital by 102.6% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 7,405 shares of the company’s stock valued at $68,000 after purchasing an additional 3,750 shares during the last quarter. 12.95% of the stock is currently owned by institutional investors and hedge funds.

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.