Neostellar Capital (NASDAQ:NSLR) Stock Has Consensus Price Target of $12.75 According to Analysts

Neostellar Capital (NASDAQ:NSLR) has received a consensus rating of “Buy” from the six research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $12.75.

A number of analysts have weighed in on NSLR shares. Barrington Research set a $13.00 price objective on shares of Neostellar Capital in a report on Tuesday, October 20th. Wall Street Zen cut shares of Neostellar Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. BTIG Research dropped their target price on shares of Neostellar Capital from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, November 4th. Weiss Ratings lowered shares of Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 18th. Finally, Citizens Jmp reduced their price target on shares of Neostellar Capital from $15.00 to $13.00 and set a “market outperform” rating for the company in a research report on Monday, October 26th.

Neostellar Capital Stock Performance

NSLR opened at $6.15 on Friday. Neostellar Capital has a one year low of $5.45 and a one year high of $14.98. The stock has a market cap of $162.79 million, a P/E ratio of 2.08 and a beta of 1.49. 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 simple moving average of $7.49.

Neostellar Capital (NASDAQ:NSLR) last issued its earnings results on Tuesday, November 3rd. The company reported ($0.15) earnings per share for the quarter. Neostellar Capital had a negative return on equity of 12.04% and a net margin of 5,128.31%.

Insiders Place Their Bets

In other Neostellar Capital news, Director Ronald M. Lott sold 5,085 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $9.96, for a total value of $50,646.60. Following the completion of the transaction, the director directly owned 16,432 shares of the company’s stock, valued at approximately $163,662.72. This trade represents a 23.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mark Klein purchased 5,000 shares of Neostellar Capital stock in a transaction dated Monday, September 21st. The shares were bought at an average price of $7.91 per share, with a total value of $39,550.00. Following the completion of the transaction, 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. The SEC filing for this purchase provides additional information. 8.32% of the stock is currently owned by company insiders.

Institutional Trading of Neostellar Capital

Several large investors have recently bought and sold shares of NSLR. SMH Capital Advisors Inc. acquired a new position in shares of Neostellar Capital in the 3rd quarter valued at about $556,000. GatePass Capital LLC increased its position in Neostellar Capital by 12.8% during the 3rd quarter. GatePass Capital LLC now owns 573,200 shares of the company’s stock worth $4,408,000 after purchasing an additional 65,050 shares in the last quarter. Gabelli Funds LLC raised its holdings in Neostellar Capital by 3.3% in the first quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock valued at $13,967,000 after buying an additional 41,894 shares during the period. Tactive Advisors LLC raised its holdings in Neostellar Capital by 133.9% in the third quarter. Tactive Advisors LLC now owns 70,901 shares of the company’s stock valued at $545,000 after buying an additional 40,590 shares during the period. Finally, MGO One Seven LLC raised its holdings in Neostellar Capital by 13.6% in the third quarter. MGO One Seven LLC now owns 293,428 shares of the company’s stock valued at $2,256,000 after buying an additional 35,184 shares during the period. Institutional investors and hedge funds own 12.95% 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.