Wall Street Zen Downgrades SURO Capital (NASDAQ:SSSS) to Sell

SURO Capital (NASDAQ:SSSS) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

SSSS has been the subject of several other research reports. Weiss Ratings restated a “buy (b-)” rating on shares of SURO Capital in a report on Monday, December 29th. Citizens Jmp upped their target price on SURO Capital from $11.00 to $13.00 and gave the stock a “market outperform” rating in a report on Thursday. Capital One Financial set a $12.00 price target on SURO Capital in a research report on Monday, January 5th. Lucid Cap Mkts upgraded SURO Capital to a “strong-buy” rating in a research note on Monday, January 5th. Finally, Barrington Research boosted their price target on SURO Capital from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $13.13.

SURO Capital Stock Down 1.3%

SURO Capital stock opened at $9.98 on Friday. The company has a current ratio of 54.37, a quick ratio of 54.37 and a debt-to-equity ratio of 0.34. SURO Capital has a 1-year low of $4.21 and a 1-year high of $10.36. The company has a fifty day simple moving average of $9.47 and a 200 day simple moving average of $9.35. The company has a market cap of $253.39 million, a P/E ratio of 5.64 and a beta of 1.43.

SURO Capital (NASDAQ:SSSS) last issued its quarterly earnings results on Monday, March 9th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.03). SURO Capital had a negative return on equity of 8.12% and a net margin of 2,894.90%.The business had revenue of $0.56 million for the quarter, compared to the consensus estimate of $0.35 million.

Institutional Investors Weigh In On SURO Capital

Hedge funds have recently bought and sold shares of the company. Gabelli Funds LLC grew its holdings in SURO Capital by 13.9% during the second quarter. Gabelli Funds LLC now owns 1,450,834 shares of the company’s stock worth $11,911,000 after purchasing an additional 176,674 shares during the period. Two Sigma Investments LP increased its position in SURO Capital by 189.9% during the third quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock worth $1,907,000 after buying an additional 138,818 shares during the last quarter. Jane Street Group LLC raised its stake in 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 buying an additional 126,796 shares during the period. LPL Financial LLC raised its stake in 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 buying an additional 86,926 shares during the period. Finally, Invesco Ltd. lifted 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 buying an additional 84,389 shares during the last quarter. 12.95% of the stock is currently owned by institutional investors and hedge funds.

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.