SuRo Capital (NASDAQ:SSSS) Stock Rating Reaffirmed by Barrington Research

SuRo Capital (NASDAQ:SSSS)‘s stock had its “outperform” rating reiterated by equities researchers at Barrington Research in a research report issued on Friday, Benzinga reports. They presently have a $6.00 price objective on the stock. Barrington Research’s price target indicates a potential upside of 22.45% from the company’s previous close.

SuRo Capital Trading Up 26.6 %

NASDAQ SSSS opened at $4.90 on Friday. The company has a market cap of $114.56 million, a PE ratio of -7.31 and a beta of 1.66. The company has a current ratio of 27.02, a quick ratio of 27.02 and a debt-to-equity ratio of 0.46. SuRo Capital has a 12 month low of $3.32 and a 12 month high of $4.92. The stock has a 50 day moving average of $3.93 and a 200-day moving average of $3.99.

SuRo Capital (NASDAQ:SSSS) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.15) EPS for the quarter. SuRo Capital had a negative net margin of 256.84% and a negative return on equity of 6.47%. The company had revenue of $1.03 million during the quarter.

Insider Activity at SuRo Capital

In other SuRo Capital news, CEO Mark D. Klein purchased 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average price of $3.84 per share, for a total transaction of $46,080.00. Following the purchase, the chief executive officer now owns 1,088,666 shares in the company, valued at approximately $4,180,477.44. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 5.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On SuRo Capital

A number of large investors have recently added to or reduced their stakes in the business. Gabelli Funds LLC raised its stake in SuRo Capital by 139.3% in the 2nd quarter. Gabelli Funds LLC now owns 730,000 shares of the company’s stock valued at $2,927,000 after acquiring an additional 425,000 shares during the period. Levin Capital Strategies L.P. acquired a new stake in shares of SuRo Capital during the second quarter worth $174,000. Choreo LLC acquired a new stake in shares of SuRo Capital during the second quarter worth $62,000. Acadian Asset Management LLC lifted its holdings in shares of SuRo Capital by 91.6% during the second quarter. Acadian Asset Management LLC now owns 131,636 shares of the company’s stock worth $527,000 after buying an additional 62,950 shares in the last quarter. Finally, EJF Capital LLC lifted its holdings in shares of SuRo Capital by 104.2% during the first quarter. EJF Capital LLC now owns 72,711 shares of the company’s stock worth $331,000 after buying an additional 37,109 shares in the last quarter. Institutional investors own 12.95% of the company’s stock.

About SuRo Capital

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.