Green Alpha Advisors LLC Buys Shares of 53,426 SURO Capital Corp. $SSSS

Green Alpha Advisors LLC purchased a new position in shares of SURO Capital Corp. (NASDAQ:SSSS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 53,426 shares of the company’s stock, valued at approximately $504,000.

Several other hedge funds have also recently added to or reduced their stakes in SSSS. CANADA LIFE ASSURANCE Co purchased a new stake in shares of SURO Capital during the third quarter worth $264,000. Verition Fund Management LLC purchased a new position in shares of SURO Capital in the third quarter worth about $126,000. Qube Research & Technologies Ltd purchased a new position in shares of SURO Capital in the third quarter worth about $158,000. Millennium Management LLC acquired a new position in SURO Capital during the third quarter worth about $413,000. Finally, Two Sigma Investments LP grew its stake in SURO Capital by 189.9% during the 3rd quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock valued at $1,907,000 after acquiring an additional 138,818 shares in the last quarter. 12.95% of the stock is owned by institutional investors and hedge funds.

SURO Capital Stock Down 2.5%

SSSS stock opened at $9.59 on Friday. SURO Capital Corp. has a one year low of $4.21 and a one year high of $10.36. The firm has a market cap of $243.49 million, a PE ratio of 5.42 and a beta of 1.43. The firm’s 50 day moving average price is $9.50 and its 200-day moving average price is $9.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 54.37 and a current ratio of 54.37.

SURO Capital (NASDAQ:SSSS) last posted its earnings results on Monday, March 9th. The company reported ($0.23) earnings per share (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 analyst estimates of $0.35 million.

Wall Street Analyst Weigh In

A number of research firms have commented on SSSS. Citizens Jmp increased their price objective on shares of SURO Capital from $11.00 to $13.00 and gave the company a “market outperform” rating in a report on Thursday, March 12th. Capital One Financial set a $12.00 price target on SURO Capital in a research report on Monday, January 5th. Lucid Cap Mkts raised SURO Capital to a “strong-buy” rating in a report on Monday, January 5th. BTIG Research lifted their price objective on SURO Capital from $10.50 to $12.50 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Finally, Wall Street Zen lowered SURO Capital from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $13.13.

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.