SURO Capital Corp. (NASDAQ:SSSS) Short Interest Down 23.5% in December

SURO Capital Corp. (NASDAQ:SSSS) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 210,381 shares, a drop of 23.5% from the November 30th total of 274,912 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 139,375 shares, the short-interest ratio is currently 1.5 days. Based on an average trading volume of 139,375 shares, the short-interest ratio is currently 1.5 days. Approximately 0.9% of the shares of the company are short sold.

SURO Capital Trading Up 1.7%

NASDAQ:SSSS traded up $0.16 during trading hours on Tuesday, hitting $9.57. 97,679 shares of the stock were exchanged, compared to its average volume of 228,000. The company’s 50 day moving average is $9.41 and its two-hundred day moving average is $8.91. The company has a market capitalization of $240.30 million, a P/E ratio of -22.78 and a beta of 1.39. SURO Capital has a twelve month low of $4.21 and a twelve month high of $10.34. The company has a quick ratio of 18.48, a current ratio of 18.48 and a debt-to-equity ratio of 0.32.

SURO Capital (NASDAQ:SSSS) last posted its quarterly earnings results on Tuesday, November 4th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.08. SURO Capital had a net margin of 2,930.42% and a negative return on equity of 5.64%. The business had revenue of $0.46 million during the quarter, compared to the consensus estimate of $0.17 million.

SURO Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date was Friday, November 21st. SURO Capital’s payout ratio is -238.10%.

Institutional Investors Weigh In On SURO Capital

Institutional investors have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co acquired a new stake in shares of SURO Capital in the third quarter valued at approximately $264,000. Verition Fund Management LLC bought a new position in SURO Capital during the third quarter worth $126,000. Qube Research & Technologies Ltd bought a new position in SURO Capital during the third quarter worth $158,000. Millennium Management LLC acquired a new position in shares of SURO Capital in the third quarter valued at $413,000. Finally, Two Sigma Investments LP raised its position in shares of SURO Capital by 189.9% in the third quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock valued at $1,907,000 after purchasing an additional 138,818 shares during the period. Institutional investors own 12.95% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of SURO Capital from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. BTIG Research upped their price target on SURO Capital from $10.00 to $10.50 and gave the company a “buy” rating in a report on Wednesday, November 5th. Barrington Research boosted their price objective on SURO Capital from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of SURO Capital in a report on Monday, December 22nd. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $10.83.

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.