SURO Capital Corp. (NASDAQ:SSSS) Receives Consensus Recommendation of “Buy” from Analysts

SURO Capital Corp. (NASDAQ:SSSS) has received a consensus rating of “Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $15.00.

SSSS has been the topic of several analyst reports. Barrington Research increased their price target on shares of SURO Capital from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. BTIG Research increased their price target on shares of SURO Capital from $12.50 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Citigroup restated an “outperform” rating on shares of SURO Capital in a research note on Thursday, April 9th. Citizens Jmp increased their price target on shares of SURO Capital from $13.00 to $15.00 and gave the stock a “market outperform” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings lowered shares of SURO Capital from a “buy (b)” rating to a “hold (c)” rating in a research note on Wednesday, March 18th.

Insider Activity at SURO Capital

In other SURO Capital news, CEO Mark D. Klein purchased 2,500 shares of the company’s stock in a transaction dated 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 purchase, 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Gabelli Funds LLC grew its stake in SURO Capital by 3.3% in the 1st quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock valued at $13,967,000 after buying an additional 41,894 shares during the last quarter. Private Advisor Group LLC grew its stake in SURO Capital by 51.4% in the 1st quarter. Private Advisor Group LLC now owns 69,034 shares of the company’s stock valued at $739,000 after buying an additional 23,446 shares during the last quarter. Ritholtz Wealth Management grew its stake in SURO Capital by 13.4% in the 1st quarter. Ritholtz Wealth Management now owns 24,264 shares of the company’s stock valued at $260,000 after buying an additional 2,862 shares during the last quarter. Invesco Ltd. grew its stake in SURO Capital by 560.4% in the 4th quarter. Invesco Ltd. now owns 99,449 shares of the company’s stock valued at $939,000 after buying an additional 84,389 shares during the last quarter. Finally, Trexquant Investment LP grew its stake in SURO Capital by 359.3% in the 4th quarter. Trexquant Investment LP now owns 47,746 shares of the company’s stock valued at $451,000 after buying an additional 37,351 shares during the last quarter. Institutional investors and hedge funds own 12.95% of the company’s stock.

SURO Capital Stock Down 1.4%

SSSS stock opened at $13.21 on Friday. SURO Capital has a 12-month low of $5.74 and a 12-month high of $14.48. The company has a quick ratio of 24.38, a current ratio of 24.38 and a debt-to-equity ratio of 0.19. The company has a market cap of $344.38 million, a price-to-earnings ratio of 1.89 and a beta of 1.40. The company has a 50 day moving average of $11.71 and a two-hundred day moving average of $10.24.

SURO Capital (NASDAQ:SSSS) last released its earnings results on Tuesday, March 10th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03). SURO Capital had a negative return on equity of 6.61% and a net margin of 10,695.73%.The company had revenue of $0.56 million during the quarter, compared to analysts’ expectations of $0.35 million.

About SURO Capital

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.