SURO Capital Corp. (NASDAQ:SSSS) Given Consensus Rating of “Buy” by Brokerages

SURO Capital Corp. (NASDAQ:SSSS) has been given an average recommendation of “Buy” by the five analysts that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have covered the stock in the last year is $10.8333.

Several equities research analysts recently commented on the stock. Barrington Research boosted their price objective on shares of SURO Capital from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Weiss Ratings raised shares of SURO Capital from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Wall Street Zen downgraded SURO Capital from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, BTIG Research increased their target price on SURO Capital from $10.00 to $10.50 and gave the company a “buy” rating in a report on Wednesday, November 5th.

SURO Capital Price Performance

Shares of NASDAQ SSSS opened at $8.89 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 18.48 and a current ratio of 18.48. SURO Capital has a one year low of $4.21 and a one year high of $10.34. The firm has a market capitalization of $223.32 million, a P/E ratio of -21.17 and a beta of 1.70. The company’s fifty day moving average is $9.36 and its two-hundred day moving average is $8.34.

SURO Capital (NASDAQ:SSSS) last posted its quarterly earnings results on Tuesday, November 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.08. SURO Capital had a net margin of 2,930.42% and a negative return on equity of 5.64%. The company had revenue of $0.46 million during the quarter, compared to the consensus estimate of $0.17 million.

SURO Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.2%. SURO Capital’s dividend payout ratio (DPR) is presently -238.10%.

Institutional Investors Weigh In On SURO Capital

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its position in SURO Capital by 222.2% during the second quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock worth $27,000 after acquiring an additional 2,253 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of SURO Capital in the second quarter valued at $31,000. Hazlett Burt & Watson Inc. increased its stake in SURO Capital by 2,587.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 3,655 shares of the company’s stock valued at $33,000 after purchasing an additional 3,519 shares during the last quarter. Jump Financial LLC purchased a new position in SURO Capital during the first quarter worth about $59,000. Finally, Invesco Ltd. acquired a new stake in SURO Capital in the 1st quarter worth about $62,000. 12.95% of the stock is owned by institutional investors and hedge funds.

SURO Capital Company 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.