Neostellar Capital (NASDAQ:NSLR) Given New $13.00 Price Target at BTIG Research

Neostellar Capital (NASDAQ:NSLR) had its target price reduced by BTIG Research from $14.00 to $13.00 in a report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently commented on NSLR. Barrington Research set a $13.00 price target on Neostellar Capital in a research note on Tuesday, October 20th. Weiss Ratings downgraded Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 18th. Wall Street Zen lowered Neostellar Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Citizens Jmp lowered their price objective on Neostellar Capital from $15.00 to $13.00 and set a “market outperform” rating for the company in a research note on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $12.75.

Neostellar Capital Trading Up 2.5%

Shares of NSLR stock opened at $6.08 on Wednesday. Neostellar Capital has a 12 month low of $5.72 and a 12 month high of $14.98. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average price of $7.75.

Neostellar Capital (NASDAQ:NSLR) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported ($0.15) earnings per share for the quarter. Neostellar Capital had a net margin of 5,128.31% and a negative return on equity of 12.04%.

Insider Activity at Neostellar Capital

In other Neostellar Capital news, Director Ronald Lott sold 5,085 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $9.96, for a total transaction of $50,646.60. Following the completion of the transaction, the director directly owned 16,432 shares of the company’s stock, valued at $163,662.72. This trade represents a 23.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Erik A. Falk bought 50,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was bought at an average cost of $10.22 per share, with a total value of $511,000.00. Following the transaction, the director directly owned 50,000 shares in the company, valued at approximately $511,000. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 81,040 shares of company stock valued at $800,534 over the last ninety days. Corporate insiders own 8.32% of the company’s stock.

Institutional Investors Weigh In On Neostellar Capital

Institutional investors have recently modified their holdings of the stock. SMH Capital Advisors Inc. bought a new position in shares of Neostellar Capital during the third quarter worth about $556,000. Gabelli Funds LLC grew its stake in Neostellar Capital by 3.3% in the first quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock worth $13,967,000 after purchasing an additional 41,894 shares in the last quarter. Tactive Advisors LLC grew its stake in Neostellar Capital by 133.9% in the third quarter. Tactive Advisors LLC now owns 70,901 shares of the company’s stock worth $545,000 after purchasing an additional 40,590 shares in the last quarter. MGO One Seven LLC increased its holdings in Neostellar Capital by 13.6% in the third quarter. MGO One Seven LLC now owns 293,428 shares of the company’s stock valued at $2,256,000 after buying an additional 35,184 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in Neostellar Capital by 51.4% in the first quarter. Private Advisor Group LLC now owns 69,034 shares of the company’s stock valued at $739,000 after buying an additional 23,446 shares during the last quarter. Institutional investors and hedge funds own 12.95% of the company’s stock.

Neostellar Capital News Summary

Here are the key news stories impacting Neostellar Capital this week:

• Positive Sentiment: Neostellar said it has flexibility for up to $25 million in share repurchases and plans to retire its 6% notes by December 31. The potential buybacks and planned debt retirement may support shareholder returns and reduce debt costs. Article: Neostellar outlines buyback flexibility and plans to retire notes
• Positive Sentiment: BTIG lowered its price target from $14 to $13 but kept a Buy rating; the revised target still indicates substantial potential upside from the cited $6.08 share price. Article: BTIG Research rating and price target
• Neutral Sentiment: The company released third-quarter and nine-month results and held an earnings call, but the supplied reports do not provide revenue, guidance, or comparisons with analyst expectations to clarify the broader performance trend. Article: Neostellar reports third-quarter results
• Negative Sentiment: Neostellar reported a loss of $0.15 per share for the quarter, a potential drag on sentiment. The available information does not indicate how this compared with expectations. Article: Neostellar reports third-quarter financial results
• Negative Sentiment: BTIG’s price-target reduction from $14 to $13 signals a less optimistic valuation than before, despite the retained Buy rating. Article: BTIG Research rating and price target

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.