SURO Capital (NASDAQ:SSSS) Posts Earnings Results, Misses Estimates By $0.03 EPS

SURO Capital (NASDAQ:SSSS) issued its quarterly earnings results on Monday. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03), Zacks reports. The business had revenue of $0.56 million for the quarter, compared to analyst estimates of $0.35 million. SURO Capital had a negative return on equity of 5.64% and a net margin of 2,930.42%.

SURO Capital Stock Performance

SSSS stock traded up $0.90 during trading hours on Tuesday, hitting $10.04. 898,764 shares of the stock were exchanged, compared to its average volume of 197,990. The company has a current ratio of 18.48, a quick ratio of 18.48 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $252.26 million, a P/E ratio of -23.98 and a beta of 1.43. SURO Capital has a 12 month low of $4.21 and a 12 month high of $10.34. The company has a 50-day simple moving average of $9.43 and a two-hundred day simple moving average of $9.31.

Institutional Investors Weigh In On SURO Capital

Large investors have recently modified their holdings of the business. Invesco Ltd. bought a new position in shares of SURO Capital during the 1st quarter worth approximately $62,000. Jane Street Group LLC grew its stake in shares of SURO Capital by 58.5% in 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 during the period. Acadian Asset Management LLC increased its position in SURO Capital by 46.1% in 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. acquired a new position in SURO Capital during the 2nd quarter worth approximately $31,000. Finally, Bank of America Corp DE raised its stake in SURO Capital by 222.2% during the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock worth $27,000 after buying an additional 2,253 shares during the period. Institutional investors and hedge funds own 12.95% of the company’s stock.

Wall Street Analysts Forecast Growth

SSSS has been the subject of several recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of SURO Capital in a research note on Monday, December 29th. BTIG Research reiterated a “buy” rating and issued a $10.50 price objective on shares of SURO Capital in a research report on Tuesday, March 3rd. Wall Street Zen lowered SURO Capital from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. Lucid Cap Mkts raised shares of SURO Capital to a “strong-buy” rating in a research note on Monday, January 5th. Finally, Capital One Financial set a $12.00 price objective on SURO Capital in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, SURO Capital currently has a consensus rating of “Buy” and a consensus price target of $11.13.

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.