Insider Buying: Neostellar Capital (NASDAQ:NSLR) Director Purchases $30,500.00 in Stock

Neostellar Capital (NASDAQ:NSLR) Director Marc Mazur bought 5,000 shares of the stock in a transaction dated Wednesday, November 11th. The shares were purchased at an average cost of $6.10 per share, for a total transaction of $30,500.00. Following the completion of the purchase, the director owned 73,950 shares in the company, valued at approximately $451,095. This represents a 7.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Neostellar Capital Stock Down 0.7%

Shares of NASDAQ:NSLR traded down $0.04 during trading on Friday, reaching $5.98. 319,494 shares of the company’s stock traded hands, compared to its average volume of 293,433. The company has a current ratio of 18.52, a quick ratio of 18.53 and a debt-to-equity ratio of 0.25. Neostellar Capital has a fifty-two week low of $5.45 and a fifty-two week high of $14.98. The stock has a 50-day simple moving average of $7.17. The stock has a market cap of $158.29 million, a price-to-earnings ratio of 2.03 and a beta of 1.49.

Neostellar Capital (NASDAQ:NSLR) last released its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.15) earnings per share for the quarter. Neostellar Capital had a negative return on equity of 11.78% and a net margin of 5,128.31%.

Institutional Investors Weigh In On Neostellar Capital

Several large investors have recently bought and sold shares of NSLR. Gabelli Funds LLC raised its holdings in shares of Neostellar Capital by 3.3% during the first quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock valued at $13,967,000 after acquiring an additional 41,894 shares during the last quarter. GatePass Capital LLC increased its position in shares of Neostellar Capital by 12.8% during the third quarter. GatePass Capital LLC now owns 573,200 shares of the company’s stock worth $4,408,000 after purchasing an additional 65,050 shares in the last quarter. MGO One Seven LLC increased its position in shares of Neostellar Capital by 13.6% during the third quarter. MGO One Seven LLC now owns 293,428 shares of the company’s stock worth $2,256,000 after purchasing an additional 35,184 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Neostellar Capital by 17.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 286,500 shares of the company’s stock valued at $2,203,000 after purchasing an additional 43,000 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Neostellar Capital in the 3rd quarter valued at $1,339,000. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on NSLR shares. BTIG Research cut their price objective on Neostellar Capital from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, November 4th. Barrington Research set a $13.00 target price on Neostellar Capital in a research report on Tuesday, October 20th. Weiss Ratings raised shares of Neostellar Capital from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Citizens Jmp dropped their price target on shares of Neostellar Capital from $15.00 to $13.00 and set a “market outperform” rating on the stock in a research note on Monday, October 26th. Finally, Wall Street Zen lowered shares of Neostellar Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. 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 company’s stock. Based on data from MarketBeat, Neostellar Capital currently has an average rating of “Buy” and a consensus price target of $12.75.

Neostellar Capital Company Profile

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.