SURO Capital Corp. (NASDAQ:SSSS) Receives $15.00 Consensus Target Price from Analysts

SURO Capital Corp. (NASDAQ:SSSS) has been assigned a consensus recommendation of “Buy” from the six analysts that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $15.00.

A number of equities analysts recently commented on the stock. Citigroup reiterated an “outperform” rating on shares of SURO Capital in a research report on Thursday, April 9th. Citizens Jmp lifted their target price on shares of SURO Capital from $13.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Thursday, April 9th. BTIG Research lifted their target price on shares of SURO Capital from $12.50 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Barrington Research lifted their target price on shares of SURO Capital from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of SURO Capital from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, May 26th.

Insider Buying and Selling

In other SURO Capital news, CEO Mark D. Klein bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The shares were bought at an average price of $13.08 per share, for a total transaction of $32,700.00. Following the transaction, the chief executive officer directly owned 1,673,521 shares in the company, valued at $21,889,654.68. This trade represents a 0.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SURO Capital

A number of hedge funds have recently modified their holdings of SSSS. Two Sigma Investments LP increased its position in shares of SURO Capital by 189.9% in the third quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock valued at $1,907,000 after acquiring an additional 138,818 shares during the period. Jane Street Group LLC increased its position in shares of SURO Capital by 102.1% in the fourth quarter. Jane Street Group LLC now owns 251,035 shares of the company’s stock valued at $2,370,000 after acquiring an additional 126,796 shares during the period. LPL Financial LLC increased its position in shares of SURO Capital by 98.9% in the fourth quarter. LPL Financial LLC now owns 174,810 shares of the company’s stock valued at $1,650,000 after acquiring an additional 86,926 shares during the period. Invesco Ltd. increased its position in shares of SURO Capital by 560.4% in the fourth quarter. Invesco Ltd. now owns 99,449 shares of the company’s stock valued at $939,000 after acquiring an additional 84,389 shares during the period. Finally, Green Alpha Advisors LLC purchased a new position in shares of SURO Capital in the fourth quarter valued at about $504,000. Hedge funds and other institutional investors own 12.95% of the company’s stock.

SURO Capital Stock Performance

NASDAQ SSSS opened at $13.70 on Wednesday. SURO Capital has a 52-week low of $7.11 and a 52-week high of $14.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 24.38 and a current ratio of 24.38. The company has a market capitalization of $357.16 million, a P/E ratio of 1.96 and a beta of 1.39. The company has a fifty day moving average of $13.26 and a 200-day moving average of $10.85.

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.