Neostellar Capital (NSLR) – What Are Analysts Thinking About This Stock?

Shares of Neostellar Capital (NASDAQ:NSLR) have earned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $14.25.

Several research analysts have weighed in on the stock. Barrington Research set a $16.00 price objective on shares of Neostellar Capital in a report on Thursday, August 6th. Weiss Ratings lowered shares of Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 18th. Wall Street Zen lowered shares of Neostellar Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, BTIG Research reduced their price target on shares of Neostellar Capital from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th.

Insider Buying and Selling

In other news, Director Erik A. Falk acquired 50,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were purchased at an average price of $10.22 per share, for a total transaction of $511,000.00. Following the completion of the purchase, the director directly owned 50,000 shares of the company’s stock, valued at $511,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald M. Lott sold 5,085 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $9.96, for a total value of $50,646.60. Following the sale, the director owned 16,432 shares in the company, valued at $163,662.72. The trade was a 23.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders bought 81,040 shares of company stock worth $800,534. Corporate insiders own 8.32% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NSLR. Gabelli Funds LLC boosted its holdings 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 during the period. Tactive Advisors LLC increased its stake in Neostellar Capital by 133.9% during the third quarter. Tactive Advisors LLC now owns 70,901 shares of the company’s stock valued at $545,000 after purchasing an additional 40,590 shares during the last quarter. Byrne Asset Management LLC increased its stake in Neostellar Capital by 24.0% during the third quarter. Byrne Asset Management LLC now owns 26,220 shares of the company’s stock valued at $196,000 after purchasing an additional 5,070 shares during the last quarter. Private Advisor Group LLC increased its stake in Neostellar Capital by 51.4% during the first quarter. Private Advisor Group LLC now owns 69,034 shares of the company’s stock valued at $739,000 after purchasing an additional 23,446 shares during the last quarter. Finally, Ritholtz Wealth Management raised its holdings in shares of Neostellar Capital by 13.4% during the first quarter. Ritholtz Wealth Management now owns 24,264 shares of the company’s stock worth $260,000 after purchasing an additional 2,862 shares during the period. Institutional investors and hedge funds own 12.95% of the company’s stock.

Neostellar Capital Stock Performance

Shares of Neostellar Capital stock opened at $6.22 on Tuesday. Neostellar Capital has a 1-year low of $6.14 and a 1-year high of $14.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.76 and a quick ratio of 6.76. The firm’s 50-day simple moving average is $8.79.

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

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.