SURO Capital Corp. Plans — Dividend of $0.25 (NASDAQ:SSSS)

SURO Capital Corp. (NASDAQ:SSSS) declared a — dividend on Thursday, July 3rd, Wall Street Journal reports. Shareholders of record on Monday, July 21st will be paid a dividend of 0.25 per share on Thursday, July 31st. The ex-dividend date is Monday, July 21st.

SURO Capital Price Performance

Shares of SURO Capital stock opened at $8.92 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.23 and a quick ratio of 11.23. The business’s 50 day simple moving average is $7.35 and its two-hundred day simple moving average is $6.12. The stock has a market capitalization of $213.10 million, a P/E ratio of -4.72 and a beta of 1.80. SURO Capital has a one year low of $3.52 and a one year high of $9.12.

SURO Capital (NASDAQ:SSSS) last announced its quarterly 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). The company had revenue of $0.50 million during the quarter, compared to analysts’ expectations of $1.23 million. SURO Capital had a negative return on equity of 6.61% and a negative net margin of 462.84%.

Insider Buying and Selling at SURO Capital

In other news, CEO Mark D. Klein purchased 16,500 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average cost of $5.26 per share, for a total transaction of $86,790.00. Following the completion of the transaction, the chief executive officer directly owned 1,216,019 shares of the company’s stock, valued at $6,396,259.94. This trade represents a 1.38% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.69% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SURO Capital

Several hedge funds have recently made changes to their positions in SSSS. Acadian Asset Management LLC boosted its position 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 valued at $708,000 after purchasing an additional 45,085 shares in the last quarter. Invesco Ltd. bought a new stake in SURO Capital in the first quarter worth $62,000. Finally, Jane Street Group LLC boosted its holdings 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. 12.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BTIG Research set a $10.00 price objective on SURO Capital and gave the stock a “buy” rating in a research report on Tuesday, July 1st. Wall Street Zen upgraded SURO Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 31st. JMP Securities set a $10.00 price objective on SURO Capital and gave the stock a “market outperform” rating in a research report on Wednesday. Citigroup reiterated an “outperform” rating on shares of SURO Capital in a research report on Wednesday. Finally, Barrington Research lifted their price objective on SURO Capital from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, SURO Capital currently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

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.