Neostellar Capital (NASDAQ:NSLR) Issues Earnings Results

Neostellar Capital (NASDAQ:NSLR) released its earnings results on Tuesday. The company reported ($0.15) earnings per share for the quarter, Zacks reports. Neostellar Capital had a negative return on equity of 12.63% and a net margin of 6,053.56%.

Neostellar Capital Trading Down 1.3%

NSLR stock traded down $0.08 during trading hours on Tuesday, hitting $5.93. 219,408 shares of the stock traded hands, compared to its average volume of 298,074. Neostellar Capital has a one year low of $5.72 and a one year high of $14.98. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average of $7.92. The firm has a market capitalization of $156.98 million, a P/E ratio of 1.47 and a beta of 1.49.

Insider Buying and Selling

In related news, Director Ronald Lott sold 5,085 shares of Neostellar Capital stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $9.96, for a total value of $50,646.60. Following the transaction, the director owned 16,432 shares of the company’s stock, valued at approximately $163,662.72. This trade represents a 23.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Klein acquired 5,000 shares of the business’s stock in a transaction on Monday, September 21st. The shares were bought at an average price of $7.91 per share, for a total transaction of $39,550.00. Following the acquisition, the chief executive officer owned 1,763,796 shares in the company, valued at approximately $13,951,626.36. This trade represents a 0.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders acquired 81,040 shares of company stock worth $800,534. Corporate insiders own 8.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NSLR shares. Barrington Research set a $13.00 price target on Neostellar Capital in a report on Tuesday, October 20th. Citizens Jmp decreased their target price on Neostellar Capital from $15.00 to $13.00 and set a “market outperform” rating for the company in a research note on Monday, October 26th. Wall Street Zen cut shares of Neostellar Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. BTIG Research decreased their price objective on Neostellar Capital from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Finally, Weiss Ratings downgraded Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $13.00.

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.