SURO Capital Corp. (NASDAQ:SSSS) Receives $13.13 Consensus Price Target from Analysts

SURO Capital Corp. (NASDAQ:SSSS) has been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $13.1250.

Several research analysts have issued reports on SSSS shares. Lucid Cap Mkts upgraded SURO Capital to a “strong-buy” rating in a report on Monday, January 5th. Wall Street Zen lowered SURO Capital from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Citizens Jmp increased their target price on SURO Capital from $11.00 to $13.00 and gave the stock a “market outperform” rating in a report on Thursday, March 12th. BTIG Research boosted their price target on shares of SURO Capital from $10.50 to $12.50 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Finally, Capital One Financial set a $12.00 price objective on shares of SURO Capital in a report on Monday, January 5th.

SURO Capital Trading Down 5.5%

SSSS opened at $10.79 on Friday. The company has a fifty day moving average price of $9.66 and a two-hundred day moving average price of $9.48. SURO Capital has a 1-year low of $4.21 and a 1-year high of $11.47. The company has a market cap of $273.96 million, a P/E ratio of 6.10 and a beta of 1.32. The company has a current ratio of 54.37, a quick ratio of 54.37 and a debt-to-equity ratio of 0.34.

SURO Capital (NASDAQ:SSSS) last released its quarterly earnings data on Monday, March 9th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03). SURO Capital had a negative return on equity of 8.12% and a net margin of 2,894.90%.The company had revenue of $0.56 million for the quarter, compared to the consensus estimate of $0.35 million.

Institutional Investors Weigh In On SURO Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. Gabelli Funds LLC boosted its stake in SURO Capital by 13.9% during the 2nd quarter. Gabelli Funds LLC now owns 1,450,834 shares of the company’s stock valued at $11,911,000 after purchasing an additional 176,674 shares during the last quarter. Green Alpha Advisors LLC purchased a new stake in shares of SURO Capital in the fourth quarter worth approximately $504,000. Gamco Investors INC. ET AL lifted its holdings in shares of SURO Capital by 26.2% in the second quarter. Gamco Investors INC. ET AL now owns 285,000 shares of the company’s stock valued at $2,340,000 after purchasing an additional 59,250 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of SURO Capital by 8.7% during the second quarter. Franklin Resources Inc. now owns 240,545 shares of the company’s stock valued at $1,975,000 after buying an additional 19,350 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of SURO Capital by 171.2% during the fourth quarter. Royal Bank of Canada now owns 15,293 shares of the company’s stock valued at $144,000 after buying an additional 9,655 shares during the last quarter. Institutional investors and hedge funds 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.