Barrington Research Reaffirms “Outperform” Rating for SuRo Capital (NASDAQ:SSSS)

SuRo Capital (NASDAQ:SSSS)‘s stock had its “outperform” rating restated by stock analysts at Barrington Research in a report issued on Tuesday,Benzinga reports. They currently have a $6.00 price objective on the stock. Barrington Research’s price objective points to a potential upside of 26.32% from the stock’s previous close.

SuRo Capital Stock Down 5.0 %

Shares of NASDAQ:SSSS opened at $4.75 on Tuesday. SuRo Capital has a twelve month low of $3.32 and a twelve month high of $5.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 27.02 and a current ratio of 11.32. The business has a fifty day moving average of $4.33 and a 200-day moving average of $4.10.

Insider Activity

In other SuRo Capital news, CEO Mark D. Klein bought 12,000 shares of the stock in a transaction dated Tuesday, August 20th. The stock was bought at an average cost of $3.84 per share, for a total transaction of $46,080.00. Following the completion of the purchase, the chief executive officer now owns 1,088,666 shares in the company, valued at $4,180,477.44. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SuRo Capital

Hedge funds have recently added to or reduced their stakes in the company. Choreo LLC bought a new position in SuRo Capital in the second quarter valued at about $62,000. Levin Capital Strategies L.P. bought a new position in SuRo Capital during the second quarter worth about $174,000. Acadian Asset Management LLC bought a new position in SuRo Capital during the first quarter worth about $311,000. EJF Capital LLC boosted its holdings in SuRo Capital by 104.2% during the first quarter. EJF Capital LLC now owns 72,711 shares of the company’s stock worth $331,000 after buying an additional 37,109 shares during the last quarter. Finally, Gabelli Funds LLC raised its position in shares of SuRo Capital by 50.6% during the first quarter. Gabelli Funds LLC now owns 305,000 shares of the company’s stock worth $1,388,000 after purchasing an additional 102,500 shares during the period. Institutional investors own 12.95% of the company’s stock.

SuRo Capital Company 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.