SURO Capital (NASDAQ:SSSS) Given New $17.00 Price Target at Barrington Research

SURO Capital (NASDAQ:SSSS) had its price objective hoisted by equities research analysts at Barrington Research from $15.00 to $17.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price target suggests a potential upside of 46.27% from the company’s previous close.

SSSS has been the subject of a number of other reports. Lucid Cap Mkts upgraded shares of SURO Capital to a “strong-buy” rating in a report on Monday, January 5th. Capital One Financial set a $12.00 price objective on shares of SURO Capital in a report on Monday, January 5th. BTIG Research upped their price objective on shares of SURO Capital from $10.50 to $12.50 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Wall Street Zen cut shares of SURO Capital from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Finally, Citizens Jmp upped their price target on shares of SURO Capital from $11.00 to $13.00 and gave the company a “market outperform” rating in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $13.63.

SURO Capital Stock Up 5.0%

NASDAQ:SSSS traded up $0.55 during trading hours on Tuesday, reaching $11.62. The company’s stock had a trading volume of 767,126 shares, compared to its average volume of 245,379. The company has a market cap of $295.08 million, a price-to-earnings ratio of 6.55 and a beta of 1.32. SURO Capital has a one year low of $4.29 and a one year high of $11.92. The business’s 50-day moving average is $9.72 and its 200-day moving average is $9.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 54.37 and a quick ratio of 54.37.

SURO Capital (NASDAQ:SSSS) last issued its quarterly earnings data on Tuesday, March 10th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03). The business had revenue of $0.56 million during the quarter, compared to the consensus estimate of $0.35 million. SURO Capital had a negative return on equity of 8.12% and a net margin of 2,894.90%.

Institutional Investors Weigh In On SURO Capital

Several hedge funds have recently made changes to their positions in the stock. Tactive Advisors LLC lifted its stake in shares of SURO Capital by 7.0% in the third quarter. Tactive Advisors LLC now owns 20,037 shares of the company’s stock valued at $180,000 after buying an additional 1,317 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of SURO Capital by 9.4% in the third quarter. Farther Finance Advisors LLC now owns 20,132 shares of the company’s stock valued at $181,000 after buying an additional 1,735 shares during the period. Hillsdale Investment Management Inc. lifted its stake in shares of SURO Capital by 5.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 37,400 shares of the company’s stock valued at $353,000 after buying an additional 2,000 shares during the period. Bank of America Corp DE lifted its stake in shares of SURO Capital by 222.2% in the second quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock valued at $27,000 after buying an additional 2,253 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its holdings in SURO Capital by 2,587.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,655 shares of the company’s stock valued at $33,000 after buying an additional 3,519 shares during the period. Institutional investors own 12.95% of the company’s stock.

About SURO Capital

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.