Thomas J. Herzfeld Advisors Inc. Sells 1,449,726 Shares of SURO Capital Corp. $SSSS

Thomas J. Herzfeld Advisors Inc. lowered its stake in SURO Capital Corp. (NASDAQ:SSSS) by 84.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 264,336 shares of the company’s stock after selling 1,449,726 shares during the period. Thomas J. Herzfeld Advisors Inc. owned 1.11% of SURO Capital worth $2,170,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Jump Financial LLC bought a new stake in SURO Capital during the 1st quarter worth about $59,000. Invesco Ltd. acquired a new stake in shares of SURO Capital during the 1st quarter worth approximately $62,000. Atria Wealth Solutions Inc. acquired a new stake in shares of SURO Capital during the 2nd quarter worth approximately $110,000. Jane Street Group LLC raised its stake in shares of SURO Capital by 58.5% during the first quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock worth $90,000 after buying an additional 6,701 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in SURO Capital in the second quarter valued at approximately $151,000. Institutional investors own 12.95% of the company’s stock.

SURO Capital Stock Down 0.4%

SSSS stock opened at $9.43 on Friday. The company has a market cap of $236.88 million, a price-to-earnings ratio of -22.45 and a beta of 1.39. SURO Capital Corp. has a twelve month low of $4.21 and a twelve month high of $10.34. The business has a 50 day moving average price of $9.40 and a two-hundred day moving average price of $8.60. The company has a quick ratio of 18.48, a current ratio of 18.48 and a debt-to-equity ratio of 0.32.

SURO Capital (NASDAQ:SSSS) last posted its quarterly earnings results on Tuesday, November 4th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.08. The business had revenue of $0.46 million during the quarter, compared to analysts’ expectations of $0.17 million. SURO Capital had a negative return on equity of 5.64% and a net margin of 2,930.42%.

SURO Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were paid a $0.25 dividend. The ex-dividend date was Friday, November 21st. This represents a $1.00 annualized dividend and a dividend yield of 10.6%. SURO Capital’s dividend payout ratio is -238.10%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SSSS shares. Wall Street Zen lowered SURO Capital from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. BTIG Research increased their price target on shares of SURO Capital from $10.00 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Barrington Research boosted their price objective on shares of SURO Capital from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SURO Capital in a research note on Monday. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, SURO Capital has an average rating of “Buy” and a consensus target price of $10.83.

About SURO Capital

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.