SuRo Capital Corp. (NASDAQ:SSSS) Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC increased its position in SuRo Capital Corp. (NASDAQ:SSSS) by 91.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,636 shares of the company’s stock after buying an additional 62,950 shares during the period. Acadian Asset Management LLC owned about 0.56% of SuRo Capital worth $527,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Gabelli Funds LLC boosted its stake in SuRo Capital by 50.6% in the 1st quarter. Gabelli Funds LLC now owns 305,000 shares of the company’s stock worth $1,388,000 after buying an additional 102,500 shares during the last quarter. Deuterium Capital Management LLC lifted its holdings in shares of SuRo Capital by 408.0% during the 1st quarter. Deuterium Capital Management LLC now owns 213,200 shares of the company’s stock worth $970,000 after acquiring an additional 171,235 shares during the period. Bulldog Investors LLP boosted its position in shares of SuRo Capital by 15.1% in the fourth quarter. Bulldog Investors LLP now owns 152,373 shares of the company’s stock worth $600,000 after acquiring an additional 20,011 shares during the last quarter. EJF Capital LLC grew its holdings in SuRo Capital by 104.2% in the first quarter. EJF Capital LLC now owns 72,711 shares of the company’s stock valued at $331,000 after purchasing an additional 37,109 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in SuRo Capital during the fourth quarter worth approximately $184,000. Hedge funds and other institutional investors own 12.95% of the company’s stock.

SuRo Capital Stock Performance

Shares of NASDAQ:SSSS opened at $3.87 on Thursday. The business has a 50-day moving average of $3.91 and a two-hundred day moving average of $4.03. The firm has a market capitalization of $90.38 million, a PE ratio of -4.72 and a beta of 1.66. The company has a debt-to-equity ratio of 0.46, a current ratio of 27.02 and a quick ratio of 27.02. SuRo Capital Corp. has a 12 month low of $3.32 and a 12 month high of $4.72.

SuRo Capital (NASDAQ:SSSS) last posted its earnings results on Wednesday, August 7th. The company reported ($0.15) earnings per share (EPS) for the quarter. SuRo Capital had a negative return on equity of 6.47% and a negative net margin of 256.84%. The business had revenue of $1.03 million for the quarter.

Insider Transactions at SuRo Capital

In other SuRo Capital news, CEO Mark D. Klein bought 12,000 shares of SuRo Capital stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average price of $3.84 per share, for a total transaction of $46,080.00. Following the acquisition, the chief executive officer now owns 1,088,666 shares of the company’s stock, valued at approximately $4,180,477.44. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 5.97% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and issued a $6.00 price target on shares of SuRo Capital in a report on Friday, July 12th.

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.