SURO Capital (NASDAQ:SSSS) Given New $12.00 Price Target at Barrington Research

SURO Capital (NASDAQ:SSSS) had its price target boosted by equities research analysts at Barrington Research from $11.00 to $12.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price objective indicates a potential upside of 20.72% from the company’s current price.

SSSS has been the subject of a number of other research reports. Wall Street Zen upgraded SURO Capital from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. BTIG Research upped their price objective on SURO Capital from $10.00 to $10.50 and gave the company a “buy” rating in a research note on Wednesday. Citigroup reiterated an “outperform” rating on shares of SURO Capital in a research note on Wednesday, July 16th. Weiss Ratings restated a “hold (c)” rating on shares of SURO Capital in a research report on Wednesday, October 8th. Finally, JMP Securities upped their price target on shares of SURO Capital from $8.00 to $10.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 16th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.83.

SURO Capital Stock Up 1.3%

NASDAQ SSSS traded up $0.13 on Wednesday, hitting $9.94. 127,787 shares of the company were exchanged, compared to its average volume of 235,841. The company has a current ratio of 22.50, a quick ratio of 22.50 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average of $9.14 and a 200-day moving average of $7.94. The company has a market cap of $237.47 million, a PE ratio of -21.60 and a beta of 1.70. SURO Capital has a 12 month low of $4.21 and a 12 month high of $10.34.

SURO Capital (NASDAQ:SSSS) last issued its earnings results on Wednesday, August 6th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.01. The company had revenue of $0.17 million during the quarter, compared to the consensus estimate of $0.50 million. SURO Capital had a negative return on equity of 6.10% and a net margin of 2,015.55%.

Insider Activity at SURO Capital

In related news, CEO Mark D. Klein purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average cost of $8.45 per share, with a total value of $84,500.00. Following the transaction, the chief executive officer directly owned 1,530,590 shares in the company, valued at $12,933,485.50. This trade represents a 0.66% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.69% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SURO Capital

A number of hedge funds have recently added to or reduced their stakes in SSSS. Choreo LLC raised its holdings in SURO Capital by 23.5% in the 1st quarter. Choreo LLC now owns 23,931 shares of the company’s stock worth $119,000 after acquiring an additional 4,551 shares during the last quarter. XTX Topco Ltd raised its holdings in SURO Capital by 13.4% in the 1st quarter. XTX Topco Ltd now owns 27,072 shares of the company’s stock worth $135,000 after acquiring an additional 3,191 shares during the last quarter. Invesco Ltd. purchased a new position in SURO Capital in the 1st quarter worth about $62,000. Jump Financial LLC purchased a new position in SURO Capital in the 1st quarter worth about $59,000. Finally, Thomas J. Herzfeld Advisors Inc. raised its position in SURO Capital by 26.3% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,714,062 shares of the company’s stock worth $8,519,000 after buying an additional 356,653 shares during the last quarter. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

About SURO Capital

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.