J. Goldman & Co LP Makes New $3.59 Million Investment in SuRo Capital Corp. (NASDAQ:SSSS)

J. Goldman & Co LP acquired a new stake in shares of SuRo Capital Corp. (NASDAQ:SSSS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 610,812 shares of the company’s stock, valued at approximately $3,592,000. J. Goldman & Co LP owned 2.59% of SuRo Capital at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. HB Wealth Management LLC bought a new stake in SuRo Capital during the 4th quarter worth approximately $65,000. Jane Street Group LLC bought a new stake in SuRo Capital during the 4th quarter worth approximately $67,000. JPMorgan Chase & Co. raised its stake in SuRo Capital by 8,025.0% during the 4th quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company’s stock worth $76,000 after acquiring an additional 12,840 shares during the period. Legato Capital Management LLC bought a new stake in SuRo Capital during the 4th quarter worth approximately $82,000. Finally, Choreo LLC raised its stake in SuRo Capital by 16.6% during the 4th quarter. Choreo LLC now owns 19,380 shares of the company’s stock worth $117,000 after acquiring an additional 2,764 shares during the period. Institutional investors own 12.95% of the company’s stock.

Insider Buying and Selling

In other SuRo Capital news, CEO Mark D. Klein purchased 16,500 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $5.26 per share, for a total transaction of $86,790.00. Following the completion of the purchase, the chief executive officer now owns 1,216,019 shares in the company, valued at $6,396,259.94. This represents a 1.38% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.69% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SSSS has been the topic of a number of research analyst reports. Barrington Research reissued an “outperform” rating and issued a $8.00 price target on shares of SuRo Capital in a report on Tuesday, April 8th. Citigroup reissued an “outperform” rating on shares of SuRo Capital in a report on Wednesday, March 12th.

SuRo Capital Stock Performance

NASDAQ SSSS opened at $5.24 on Monday. The company has a market cap of $123.41 million, a P/E ratio of -2.77 and a beta of 1.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.32 and a current ratio of 11.32. The business’s 50 day moving average price is $5.07 and its 200-day moving average price is $5.45. SuRo Capital Corp. has a fifty-two week low of $3.52 and a fifty-two week high of $6.83.

SuRo Capital (NASDAQ:SSSS) last released its earnings results on Tuesday, May 6th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). SuRo Capital had a negative return on equity of 7.28% and a negative net margin of 801.00%. The business had revenue of $0.50 million during the quarter, compared to analysts’ expectations of $1.23 million.

SuRo Capital Profile

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