Analysts Set SURO Capital Corp. (NASDAQ:SSSS) PT at $15.00

SURO Capital Corp. (NASDAQ:SSSS) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $15.00.

SSSS has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of SURO Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. BTIG Research lifted their price target on shares of SURO Capital from $12.50 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Citizens Jmp raised their price objective on SURO Capital from $13.00 to $15.00 and gave the stock a “market outperform” rating in a research note on Thursday, April 9th. Barrington Research upped their target price on shares of SURO Capital from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Finally, Citigroup restated an “outperform” rating on shares of SURO Capital in a report on Thursday, April 9th.

SURO Capital Price Performance

Shares of SSSS opened at $12.80 on Thursday. SURO Capital has a twelve month low of $8.01 and a twelve month high of $14.98. The firm’s 50 day moving average price is $13.10 and its 200 day moving average price is $11.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 24.38 and a current ratio of 24.38. The firm has a market cap of $333.70 million, a PE ratio of 1.83 and a beta of 1.39.

Institutional Investors Weigh In On SURO Capital

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in shares of SURO Capital by 222.2% in the second quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock valued at $27,000 after buying an additional 2,253 shares during the period. Raymond James Financial Inc. bought a new stake in SURO Capital during the second quarter worth $31,000. Invesco Ltd. bought a new stake in SURO Capital in the 1st quarter worth about $62,000. Hazlett Burt & Watson Inc. boosted its position in SURO Capital by 102.6% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 7,405 shares of the company’s stock worth $68,000 after purchasing an additional 3,750 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of SURO Capital by 58.5% during the 1st quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock valued at $90,000 after acquiring an additional 6,701 shares during the period. 12.95% of the stock is currently owned by institutional investors and hedge funds.

About SURO Capital

SURO Capital Corp (NASDAQ: SSSS) is a closed-end management investment company that operates as a business development company (BDC). Founded in 2013 and headquartered in Lewisville, Texas, SURO Capital provides capital solutions to lower middle-market companies across a range of industries. As a BDC, the company is governed by the Investment Company Act of 1940 and focuses on offering debt and equity financing to privately held businesses that may have limited access to traditional bank lending.

The firm’s primary business activities include originating and managing a diversified portfolio of senior secured floating rate loans, unsecured loans, unitranche debt, and equity co-investments.