SuRo Capital (NASDAQ:SSSS) Given New $8.00 Price Target at Barrington Research

SuRo Capital (NASDAQ:SSSS) had its target price boosted by Barrington Research from $6.00 to $8.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

SuRo Capital Stock Performance

SSSS opened at $6.53 on Tuesday. The business has a fifty day simple moving average of $5.74 and a 200-day simple moving average of $4.71. The firm has a market cap of $154.11 million, a PE ratio of -3.46 and a beta of 1.61. SuRo Capital has a fifty-two week low of $3.32 and a fifty-two week high of $6.74. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47.

SuRo Capital (NASDAQ:SSSS) last issued its earnings results on Thursday, November 7th. The company reported ($0.14) earnings per share for the quarter. SuRo Capital had a negative net margin of 801.00% and a negative return on equity of 7.28%. The business had revenue of $0.89 million during the quarter.

Insider Activity at SuRo Capital

In other news, insider Allison Green bought 9,100 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was bought at an average cost of $5.48 per share, for a total transaction of $49,868.00. Following the transaction, the insider now owns 136,734 shares of the company’s stock, valued at $749,302.32. This represents a 7.13 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark D. Klein bought 39,000 shares of the business’s stock in a transaction on Friday, November 29th. The stock was bought at an average price of $5.20 per share, for a total transaction of $202,800.00. Following the transaction, the chief executive officer now directly owns 1,169,923 shares of the company’s stock, valued at approximately $6,083,599.60. This represents a 3.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 58,843 shares of company stock worth $307,047. 5.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Gabelli Funds LLC increased its holdings in SuRo Capital by 139.3% in the second quarter. Gabelli Funds LLC now owns 730,000 shares of the company’s stock worth $2,927,000 after purchasing an additional 425,000 shares in the last quarter. Arete Wealth Advisors LLC bought a new position in SuRo Capital during the third quarter worth $84,000. Finally, HB Wealth Management LLC acquired a new stake in SuRo Capital in the fourth quarter worth $65,000. 12.95% of the stock is owned by institutional investors.

SuRo Capital Company Profile

SuRo Capital Corp. is a business development company. The firm seeks to invest in growth capital, late stage and venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California with additional office in New York, New York.