Neostellar Capital (NASDAQ:NSLR) Stock Has Consensus Price Target of $14.25 According to Analysts

Shares of Neostellar Capital (NASDAQ:NSLR) have earned a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.25.

A number of equities analysts have issued reports on the stock. Weiss Ratings cut shares of Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. Wall Street Zen downgraded shares of Neostellar Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. BTIG Research reduced their target price on shares of Neostellar Capital from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Finally, Barrington Research set a $16.00 target price on shares of Neostellar Capital in a research note on Thursday, August 6th.

Neostellar Capital Price Performance

Neostellar Capital stock opened at $6.40 on Tuesday. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $169.41 million, a price-to-earnings ratio of 1.59 and a beta of 1.47. Neostellar Capital has a one year low of $6.40 and a one year high of $14.98. The stock has a fifty day moving average of $8.88.

Neostellar Capital (NASDAQ:NSLR) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.90) earnings per share for the quarter. Neostellar Capital had a negative return on equity of 12.63% and a net margin of 6,053.56%. The firm had revenue of $0.30 million during the quarter.

Insider Activity

In other Neostellar Capital news, Director Ronald Lott sold 5,085 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $9.96, for a total value of $50,646.60. Following the sale, the director owned 16,432 shares in the company, valued at $163,662.72. This trade represents a 23.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Klein acquired 26,040 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of $9.60 per share, with a total value of $249,984.00. Following the acquisition, the chief executive officer directly owned 1,758,796 shares in the company, valued at $16,884,441.60. This represents a 1.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 81,040 shares of company stock valued at $800,534. 8.32% of the stock is currently owned by insiders.

Institutional Trading of Neostellar Capital

A number of hedge funds have recently added to or reduced their stakes in NSLR. Gabelli Funds LLC lifted its position in shares of Neostellar Capital by 3.3% during the first quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock valued at $13,967,000 after buying an additional 41,894 shares during the last quarter. Tactive Advisors LLC grew its position in shares of Neostellar Capital by 133.9% in the 3rd quarter. Tactive Advisors LLC now owns 70,901 shares of the company’s stock worth $545,000 after buying an additional 40,590 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Neostellar Capital by 51.4% in the 1st quarter. Private Advisor Group LLC now owns 69,034 shares of the company’s stock worth $739,000 after buying an additional 23,446 shares during the last quarter. Byrne Asset Management LLC grew its position in shares of Neostellar Capital by 24.0% in the 3rd quarter. Byrne Asset Management LLC now owns 26,220 shares of the company’s stock worth $196,000 after buying an additional 5,070 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of Neostellar Capital by 13.4% during the 1st quarter. Ritholtz Wealth Management now owns 24,264 shares of the company’s stock worth $260,000 after acquiring an additional 2,862 shares in the last quarter. 12.95% of the stock is owned by hedge funds and other institutional investors.

About Neostellar Capital

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