Neostellar Capital (NASDAQ:NSLR) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Neostellar Capital (NASDAQ:NSLR) from a hold rating to a sell rating in a research note released on Saturday.

A number of other equities analysts also recently commented on NSLR. BTIG Research restated a “buy” rating and issued a $15.00 price objective on shares of Neostellar Capital in a report on Friday, July 10th. Barrington Research set a $16.00 target price on shares of Neostellar Capital in a research note on Thursday. Finally, Weiss Ratings initiated coverage on shares of Neostellar Capital in a research report on Thursday, July 9th. They issued a “buy (b)” rating for the company. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $15.50.

Neostellar Capital Price Performance

NSLR opened at $10.33 on Friday. The firm has a market cap of $273.44 million, a P/E ratio of 2.56 and a beta of 1.44. Neostellar Capital has a 1 year low of $8.28 and a 1 year high of $14.98. The company has a quick ratio of 24.38, a current ratio of 24.38 and a debt-to-equity ratio of 0.19.

Neostellar Capital (NASDAQ:NSLR) last issued its earnings results on Wednesday, August 5th. The company reported ($0.90) earnings per share for the quarter. Neostellar Capital had a negative return on equity of 13.69% and a net margin of 6,053.56%.The firm had revenue of $0.30 million during the quarter.

Insiders Place Their Bets

In related news, CEO Mark D. Klein bought 26,040 shares of Neostellar Capital stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average cost of $9.60 per share, for a total transaction of $249,984.00. Following the acquisition, the chief executive officer owned 1,758,796 shares in the company, valued at $16,884,441.60. This trade represents a 1.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.32% of the company’s stock.

About Neostellar Capital

SuRo Capital Corp. is a business development company. The firm seeks to invest in growing, late stage, venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California.