Analysts Set SURO Capital Corp. (NASDAQ:SSSS) PT at $15.00

SURO Capital Corp. (NASDAQ:SSSS) has earned a consensus rating of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $15.00.

SSSS has been the subject of several research reports. Wall Street Zen raised shares of SURO Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup reissued an “outperform” rating on shares of SURO Capital in a report on Thursday, April 9th. Citizens Jmp increased their price objective on shares of SURO Capital from $13.00 to $15.00 and gave the company a “market outperform” rating in a report on Thursday, April 9th. Weiss Ratings upgraded shares of SURO Capital from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, May 26th. Finally, BTIG Research upped their target price on shares of SURO Capital from $12.50 to $15.00 and gave the company a “buy” rating in a research report on Thursday, April 9th.

SURO Capital Stock Down 2.7%

SSSS opened at $13.70 on Wednesday. The firm has a 50-day simple moving average of $13.26 and a two-hundred day simple moving average of $10.83. SURO Capital has a 52 week low of $7.11 and a 52 week high of $14.98. The company has a market capitalization of $357.16 million, a PE ratio of 1.96 and a beta of 1.39. The company has a quick ratio of 24.38, a current ratio of 24.38 and a debt-to-equity ratio of 0.19.

Insider Activity

In other SURO Capital news, CEO Mark D. Klein bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The shares were purchased at an average cost of $13.08 per share, for a total transaction of $32,700.00. Following the transaction, the chief executive officer owned 1,673,521 shares of the company’s stock, valued at $21,889,654.68. This represents a 0.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.32% of the company’s stock.

Institutional Trading of SURO Capital

Several hedge funds have recently made changes to their positions in SSSS. Invesco Ltd. purchased a new stake in shares of SURO Capital during the 1st quarter valued at about $62,000. Jane Street Group LLC raised its position in shares of SURO Capital by 58.5% during the 1st quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock valued at $90,000 after buying an additional 6,701 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of SURO Capital by 46.1% during the 1st quarter. Acadian Asset Management LLC now owns 142,937 shares of the company’s stock valued at $708,000 after buying an additional 45,085 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of SURO Capital during the 2nd quarter valued at about $31,000. Finally, Bank of America Corp DE raised its position in shares of SURO Capital by 222.2% during the 2nd 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 in the last quarter. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

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.