SURO Capital Corp. (NASDAQ:SSSS) Given Consensus Rating of “Buy” by Brokerages

Shares of SURO Capital Corp. (NASDAQ:SSSS) have been given an average recommendation of “Buy” by the six research firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $15.00.

Several analysts have recently issued reports on the stock. Weiss Ratings raised shares of SURO Capital from a “hold (c+)” rating to a “buy (b)” rating in a research note on Tuesday, May 26th. BTIG Research boosted their price objective on shares of SURO Capital from $12.50 to $15.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Citigroup reissued an “outperform” rating on shares of SURO Capital in a research note on Thursday, April 9th. Citizens Jmp boosted their price objective on shares of SURO Capital from $13.00 to $15.00 and gave the company a “market outperform” rating in a research note on Thursday, April 9th. Finally, Barrington Research boosted their price objective on shares of SURO Capital from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th.

Insider Activity

In related news, CEO Mark D. Klein acquired 2,500 shares of the stock in a transaction dated Tuesday, April 21st. The stock was bought at an average cost of $13.08 per share, with a total value of $32,700.00. Following the purchase, the chief executive officer directly owned 1,673,521 shares of the company’s stock, valued at approximately $21,889,654.68. This represents a 0.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.32% of the stock is owned by corporate insiders.

Institutional Trading of SURO Capital

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in SURO Capital by 222.2% during the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock worth $27,000 after purchasing an additional 2,253 shares during the period. Raymond James Financial Inc. purchased a new stake in SURO Capital during the 2nd quarter worth $31,000. Hazlett Burt & Watson Inc. boosted its position in SURO Capital by 102.6% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 7,405 shares of the company’s stock worth $68,000 after purchasing an additional 3,750 shares during the period. Invesco Ltd. purchased a new stake in SURO Capital during the 1st quarter worth $62,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in SURO Capital during the 3rd quarter worth $114,000. 12.95% of the stock is owned by hedge funds and other institutional investors.

SURO Capital Trading Down 1.0%

Shares of SSSS opened at $13.72 on Wednesday. SURO Capital has a fifty-two week low of $7.11 and a fifty-two week high of $14.98. The stock has a fifty day moving average of $13.06 and a two-hundred day moving average of $10.74. The company has a market capitalization of $357.68 million, a PE ratio of 1.97 and a beta of 1.39. The company has a debt-to-equity ratio of 0.19, a quick ratio of 24.38 and a current ratio of 24.38.

SURO Capital (NASDAQ:SSSS) last announced its quarterly earnings data on Tuesday, March 10th. 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 net margin of 10,695.73% and a negative return on equity of 6.61%. The company had revenue of $0.56 million for the quarter, compared to analysts’ expectations of $0.35 million.

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.