Gamco Investors INC. ET AL Has $2.34 Million Holdings in SURO Capital Corp. $SSSS

Gamco Investors INC. ET AL increased its position in SURO Capital Corp. (NASDAQ:SSSS) by 26.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 285,000 shares of the company’s stock after purchasing an additional 59,250 shares during the period. Gamco Investors INC. ET AL’s holdings in SURO Capital were worth $2,340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new stake in SURO Capital during the 1st quarter valued at $59,000. Invesco Ltd. purchased a new position in shares of SURO Capital during the first quarter valued at $62,000. Jane Street Group LLC raised its position in SURO Capital by 58.5% during the first quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock valued at $90,000 after buying an additional 6,701 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in SURO Capital in the 2nd quarter worth about $110,000. Finally, Trexquant Investment LP purchased a new stake in SURO Capital in the 1st quarter worth about $134,000. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

SURO Capital Stock Up 0.3%

Shares of SURO Capital stock opened at $9.59 on Thursday. The firm has a market cap of $240.90 million, a price-to-earnings ratio of -22.83 and a beta of 1.39. The stock has a 50-day simple moving average of $9.43 and a 200-day simple moving average of $8.68. SURO Capital Corp. has a 52-week low of $4.21 and a 52-week high of $10.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 18.48 and a quick ratio of 18.48.

SURO Capital (NASDAQ:SSSS) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.08. The firm had revenue of $0.46 million for the quarter, compared to the consensus estimate 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 21st. This represents a $1.00 annualized dividend and a dividend yield of 10.4%. SURO Capital’s dividend payout ratio is -238.10%.

Analyst Ratings Changes

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

SURO Capital 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.