SURO Capital (NASDAQ:SSSS) Price Target Raised to $15.00

SURO Capital (NASDAQ:SSSS) had its price objective upped by Barrington Research from $12.00 to $15.00 in a research report released on Wednesday morning,Benzinga reports. Barrington Research currently has an outperform rating on the stock.

A number of other research analysts have also recently weighed in on SSSS. Wall Street Zen cut shares of SURO Capital from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SURO Capital in a research note on Monday, December 29th. Capital One Financial set a $12.00 price target on shares of SURO Capital in a report on Monday, January 5th. Lucid Cap Mkts raised shares of SURO Capital to a “strong-buy” rating in a research report on Monday, January 5th. Finally, BTIG Research increased their price objective on shares of SURO Capital from $10.50 to $12.50 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $13.13.

SURO Capital Stock Performance

NASDAQ SSSS opened at $9.98 on Wednesday. The company has a market cap of $253.39 million, a P/E ratio of 5.64 and a beta of 1.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 18.48 and a current ratio of 18.48. The business’s 50 day moving average price is $9.47 and its 200-day moving average price is $9.34. SURO Capital has a fifty-two week low of $4.21 and a fifty-two week high of $10.36.

SURO Capital (NASDAQ:SSSS) last released its quarterly earnings results on Monday, March 9th. The company reported ($0.23) earnings per share 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 net margin of 2,894.90% and a negative return on equity of 8.15%.

Institutional Trading of SURO Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. purchased a new stake in shares of SURO Capital during the first quarter valued at $62,000. Jane Street Group LLC grew its holdings in shares of SURO Capital by 58.5% in the first quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock worth $90,000 after purchasing an additional 6,701 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of SURO Capital by 46.1% in the first quarter. Acadian Asset Management LLC now owns 142,937 shares of the company’s stock worth $708,000 after purchasing an additional 45,085 shares during the last quarter. Franklin Resources Inc. increased its stake in SURO Capital by 8.7% in the 2nd quarter. Franklin Resources Inc. now owns 240,545 shares of the company’s stock worth $1,975,000 after buying an additional 19,350 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in SURO Capital by 26.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 285,000 shares of the company’s stock worth $2,340,000 after buying an additional 59,250 shares during the period. 12.95% of the stock is currently owned by institutional investors.

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.