Citizens Jmp Issues Positive Forecast for SURO Capital (NASDAQ:SSSS) Stock Price

SURO Capital (NASDAQ:SSSS) had its target price hoisted by investment analysts at Citizens Jmp from $11.00 to $13.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective would suggest a potential upside of 26.58% from the company’s previous close.

SSSS has been the topic of a number of other reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of SURO Capital in a report on Monday, December 29th. Lucid Cap Mkts upgraded shares of SURO Capital to a “strong-buy” rating in a research report on Monday, January 5th. Wall Street Zen cut SURO Capital from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. BTIG Research increased their price objective on SURO Capital from $10.50 to $12.50 and gave the company a “buy” rating in a research report on Wednesday. Finally, Capital One Financial set a $12.00 target price on SURO Capital in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat.com, SURO Capital currently has a consensus rating of “Buy” and a consensus price target of $13.13.

SURO Capital Trading Up 6.1%

Shares of SSSS stock opened at $10.27 on Thursday. The stock has a 50-day simple moving average of $9.45 and a 200 day simple moving average of $9.32. SURO Capital has a fifty-two week low of $4.21 and a fifty-two week high of $10.34. The stock has a market capitalization of $257.97 million, a P/E ratio of 5.80 and a beta of 1.43. 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 issued its quarterly earnings results on Monday, March 9th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.03). SURO Capital had a negative return on equity of 8.15% and a net margin of 2,894.90%.The business had revenue of $0.56 million during the quarter, compared to the consensus estimate of $0.35 million.

Institutional Investors Weigh In On SURO Capital

Large investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of SURO Capital by 222.2% in the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock valued at $27,000 after acquiring an additional 2,253 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in SURO Capital by 2,587.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,655 shares of the company’s stock worth $33,000 after purchasing an additional 3,519 shares in the last quarter. Raymond James Financial Inc. purchased a new position in SURO Capital during the 2nd quarter worth approximately $31,000. Byrne Asset Management LLC acquired a new stake in SURO Capital during the 3rd quarter valued at $83,000. Finally, Coastal Bridge Advisors LLC purchased a new stake in shares of SURO Capital in the third quarter valued at $101,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

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.