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

SURO Capital Corp. (NASDAQ:SSSS) has been given a consensus rating of “Buy” by the six ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $13.1250.

Several analysts recently commented on SSSS shares. BTIG Research raised their price objective on shares of SURO Capital from $10.50 to $12.50 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Wall Street Zen cut shares of SURO Capital from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Citizens Jmp lifted their price target on shares of SURO Capital from $11.00 to $13.00 and gave the company a “market outperform” rating in a research report on Thursday, March 12th. Weiss Ratings lowered SURO Capital from a “buy (b)” rating to a “hold (c)” rating in a research note on Wednesday, March 18th. Finally, Barrington Research upped their price target on SURO Capital from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th.

Institutional Trading of SURO Capital

A number of institutional investors have recently bought and sold shares of SSSS. Bank of America Corp DE increased its position in shares of SURO Capital by 222.2% in the second quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock valued at $27,000 after buying an additional 2,253 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of SURO Capital during the 2nd quarter worth $31,000. Hazlett Burt & Watson Inc. boosted its position in shares of SURO Capital by 2,587.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,655 shares of the company’s stock worth $33,000 after buying an additional 3,519 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of SURO Capital in the 1st quarter worth about $62,000. Finally, Byrne Asset Management LLC acquired a new stake in SURO Capital in the 3rd quarter valued at about $83,000. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

SURO Capital Trading Up 7.7%

NASDAQ:SSSS opened at $10.71 on Friday. SURO Capital has a 1 year low of $4.21 and a 1 year high of $10.74. The company has a debt-to-equity ratio of 0.34, a quick ratio of 54.37 and a current ratio of 54.37. The stock has a fifty day moving average price of $9.59 and a two-hundred day moving average price of $9.46. The stock has a market capitalization of $271.93 million, a price-to-earnings ratio of 6.05 and a beta of 1.43.

SURO Capital (NASDAQ:SSSS) last issued its earnings results on Monday, March 9th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.03). The company had revenue of $0.56 million for the quarter, compared to analysts’ expectations of $0.35 million. SURO Capital had a negative return on equity of 8.12% and a net margin of 2,894.90%.

SURO Capital Company Profile

SURO Capital Corp (NASDAQ: SSSS) is a closed-end management investment company that operates as a business development company (BDC). Founded in 2013 and headquartered in Lewisville, Texas, SURO Capital provides capital solutions to lower middle-market companies across a range of industries. As a BDC, the company is governed by the Investment Company Act of 1940 and focuses on offering debt and equity financing to privately held businesses that may have limited access to traditional bank lending.

The firm’s primary business activities include originating and managing a diversified portfolio of senior secured floating rate loans, unsecured loans, unitranche debt, and equity co-investments.