SuRo Capital (NASDAQ:SSSS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SuRo Capital (NASDAQ:SSSS) from a sell rating to a hold rating in a research note released on Saturday.

SSSS has been the subject of several other reports. Barrington Research reissued an “outperform” rating and issued a $8.00 price objective on shares of SuRo Capital in a report on Tuesday, April 8th. Citigroup reissued an “outperform” rating on shares of SuRo Capital in a report on Wednesday, March 12th.

SuRo Capital Stock Performance

Shares of SSSS opened at $6.31 on Friday. The stock has a 50 day moving average price of $5.22 and a 200 day moving average price of $5.60. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $148.61 million, a price-to-earnings ratio of -3.34 and a beta of 1.62. SuRo Capital has a 52-week low of $3.52 and a 52-week high of $6.83.

SuRo Capital (NASDAQ:SSSS) last posted its earnings results on Tuesday, May 6th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). SuRo Capital had a negative return on equity of 7.28% and a negative net margin of 801.00%. The firm had revenue of $0.50 million for the quarter, compared to analyst estimates of $1.23 million.

Insider Activity

In related news, CEO Mark D. Klein purchased 16,500 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was acquired at an average price of $5.26 per share, for a total transaction of $86,790.00. Following the completion of the purchase, the chief executive officer now directly owns 1,216,019 shares of the company’s stock, valued at $6,396,259.94. This trade represents a 1.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.69% of the company’s stock.

Institutional Investors Weigh In On SuRo Capital

Several large investors have recently modified their holdings of the stock. Acadian Asset Management LLC raised its stake in shares of SuRo Capital by 46.1% during the first quarter. Acadian Asset Management LLC now owns 142,937 shares of the company’s stock worth $708,000 after purchasing an additional 45,085 shares during the last quarter. Jane Street Group LLC raised its position in SuRo Capital by 58.5% in the first quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock worth $90,000 after acquiring an additional 6,701 shares in the last quarter. Needham Investment Management LLC raised its position in SuRo Capital by 12.2% in the first quarter. Needham Investment Management LLC now owns 378,594 shares of the company’s stock worth $1,882,000 after acquiring an additional 41,200 shares in the last quarter. Granahan Investment Management LLC purchased a new position in SuRo Capital in the first quarter worth $194,000. Finally, Trexquant Investment LP purchased a new position in SuRo Capital in the first quarter worth $134,000. Hedge funds and other institutional investors own 12.95% of the company’s stock.

SuRo Capital Company Profile

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