SURO Capital (NASDAQ:SSSS) Posts Earnings Results, Beats Estimates By $0.08 EPS

SURO Capital (NASDAQ:SSSS) posted its quarterly earnings data on Tuesday. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.08, Zacks reports. SURO Capital had a negative return on equity of 6.10% and a net margin of 2,015.55%.

SURO Capital Stock Down 3.8%

Shares of NASDAQ SSSS traded down $0.39 during midday trading on Tuesday, hitting $9.81. 337,072 shares of the stock traded hands, compared to its average volume of 236,347. The company has a market cap of $234.36 million, a PE ratio of -21.33 and a beta of 1.70. SURO Capital has a one year low of $4.21 and a one year high of $10.34. The business has a 50 day moving average price of $9.12 and a two-hundred day moving average price of $7.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 22.50 and a current ratio of 22.50.

Insider Activity at SURO Capital

In other news, CEO Mark D. Klein acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average price of $8.45 per share, for a total transaction of $84,500.00. Following the completion of the acquisition, the chief executive officer directly owned 1,530,590 shares in the company, valued at $12,933,485.50. The trade was a 0.66% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 6.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SURO Capital

Several hedge funds and other institutional investors have recently modified their holdings of SSSS. Jane Street Group LLC increased its holdings in shares of SURO Capital by 289.1% during the second quarter. Jane Street Group LLC now owns 70,637 shares of the company’s stock valued at $580,000 after acquiring an additional 52,484 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of SURO Capital by 46.1% during the first quarter. Acadian Asset Management LLC now owns 142,937 shares of the company’s stock valued at $708,000 after buying an additional 45,085 shares during the last quarter. Oxford Asset Management LLP purchased a new position in shares of SURO Capital during the second quarter valued at approximately $122,000. Invesco Ltd. purchased a new position in shares of SURO Capital during the first quarter valued at approximately $62,000. Finally, Raymond James Financial Inc. purchased a new position in shares of SURO Capital during the second quarter valued at approximately $31,000. Institutional investors own 12.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SSSS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SURO Capital in a research note on Wednesday, October 8th. Wall Street Zen raised SURO Capital from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. JMP Securities raised their target price on SURO Capital from $8.00 to $10.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 16th. Citigroup reaffirmed an “outperform” rating on shares of SURO Capital in a research note on Wednesday, July 16th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $11.00 target price on shares of SURO Capital in a research note on Friday, October 10th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.33.

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.