Neostellar Capital (NASDAQ:NSLR) Stock Has Average Target Price of $12.75

Neostellar Capital (NASDAQ:NSLR) has been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $12.75.

A number of research firms recently issued reports on NSLR. Weiss Ratings downgraded shares of Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. Barrington Research set a $13.00 price target on shares of Neostellar Capital in a research note on Tuesday, October 20th. Wall Street Zen downgraded shares of Neostellar Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. BTIG Research dropped their price objective on shares of Neostellar Capital from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, November 4th. Finally, Citizens Jmp cut their price objective on shares of Neostellar Capital from $15.00 to $13.00 and set a “market outperform” rating on the stock in a research report on Monday, October 26th.

Neostellar Capital Trading Up 2.8%

Shares of NSLR stock opened at $6.15 on Friday. The business has a 50 day simple moving average of $7.33. The company has a quick ratio of 18.53, a current ratio of 18.52 and a debt-to-equity ratio of 0.25. Neostellar Capital has a fifty-two week low of $5.45 and a fifty-two week high of $14.98.

Neostellar Capital (NASDAQ:NSLR) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.15) earnings per share (EPS) for the quarter. Neostellar Capital had a negative return on equity of 11.78% and a net margin of 5,128.31%.

Insider Buying and Selling at Neostellar Capital

In other news, CEO Mark Klein bought 5,000 shares of the stock in a transaction dated Monday, September 21st. The shares were bought at an average cost of $7.91 per share, with a total value of $39,550.00. Following the completion of the transaction, the chief executive officer directly owned 1,763,796 shares of the company’s stock, valued at $13,951,626.36. This trade represents a 0.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ronald Lott sold 5,085 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $9.96, for a total transaction of $50,646.60. Following the sale, the director owned 16,432 shares of the company’s stock, valued at $163,662.72. This trade represents a 23.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 8.32% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NSLR. GatePass Capital LLC increased its position in shares of Neostellar Capital by 12.8% during the third quarter. GatePass Capital LLC now owns 573,200 shares of the company’s stock valued at $4,408,000 after acquiring an additional 65,050 shares during the last quarter. SMH Capital Advisors Inc. bought a new stake in Neostellar Capital during the third quarter worth $556,000. MGO One Seven LLC lifted its holdings in Neostellar Capital by 13.6% during the third quarter. MGO One Seven LLC now owns 293,428 shares of the company’s stock worth $2,256,000 after acquiring an additional 35,184 shares during the period. Tactive Advisors LLC boosted its position in Neostellar Capital by 133.9% in the third quarter. Tactive Advisors LLC now owns 70,901 shares of the company’s stock worth $545,000 after purchasing an additional 40,590 shares during the last quarter. Finally, Byrne Asset Management LLC boosted its position in Neostellar Capital by 24.0% in the third quarter. Byrne Asset Management LLC now owns 26,220 shares of the company’s stock worth $196,000 after purchasing an additional 5,070 shares during the last quarter. 12.95% of the stock is owned by institutional investors.

Neostellar Capital Company Profile

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.