Gabelli Funds LLC Has $13.97 Million Stake in SURO Capital Corp. $SSSS

Gabelli Funds LLC grew its position in SURO Capital Corp. (NASDAQ:SSSS) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,304,102 shares of the company’s stock after purchasing an additional 41,894 shares during the quarter. Gabelli Funds LLC owned approximately 0.05% of SURO Capital worth $13,967,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of SSSS. Bank of America Corp DE raised its stake in SURO Capital by 222.2% during the second quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock worth $27,000 after buying an additional 2,253 shares during the last quarter. Raymond James Financial Inc. bought a new stake in SURO Capital during the second quarter valued at $31,000. Invesco Ltd. bought a new stake in SURO Capital during the first quarter valued at $62,000. Hazlett Burt & Watson Inc. boosted its position in SURO Capital by 102.6% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 7,405 shares of the company’s stock valued at $68,000 after acquiring an additional 3,750 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in SURO Capital by 58.5% during the 1st quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock worth $90,000 after acquiring an additional 6,701 shares during the period. 12.95% of the stock is currently owned by institutional investors and hedge funds.

SURO Capital Price Performance

Shares of NASDAQ SSSS opened at $12.80 on Monday. The firm’s 50-day moving average price is $13.19 and its 200-day moving average price is $11.56. SURO Capital Corp. has a 1-year low of $8.01 and a 1-year high of $14.98. The firm has a market capitalization of $333.70 million, a P/E ratio of 1.83 and a beta of 1.39. The company has a current ratio of 24.38, a quick ratio of 24.38 and a debt-to-equity ratio of 0.19.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SSSS shares. Weiss Ratings raised SURO Capital from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, May 26th. Wall Street Zen raised SURO Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Barrington Research raised their target price on SURO Capital from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Citigroup reiterated an “outperform” rating on shares of SURO Capital in a report on Thursday, April 9th. Finally, Citizens Jmp boosted their price target on SURO Capital from $13.00 to $15.00 and gave the company a “market outperform” rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to data from MarketBeat, SURO Capital presently has a consensus rating of “Buy” and a consensus target price of $15.00.

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.