SuRo Capital (NASDAQ:SSSS) Given New $8.00 Price Target at Barrington Research

SuRo Capital (NASDAQ:SSSS) had its price objective hoisted by Barrington Research from $6.00 to $8.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

SuRo Capital Price Performance

SuRo Capital stock opened at $6.42 on Tuesday. The stock has a market cap of $150.09 million, a price-to-earnings ratio of -3.40 and a beta of 1.61. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $5.69 and a 200 day simple moving average of $4.68. SuRo Capital has a 52 week low of $3.32 and a 52 week high of $6.74.

SuRo Capital (NASDAQ:SSSS) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) earnings per share for the quarter. The company had revenue of $0.89 million for the quarter. SuRo Capital had a negative net margin of 801.00% and a negative return on equity of 7.28%.

Insider Buying and Selling

In related news, insider Allison Green acquired 9,100 shares of the stock in a transaction on Monday, December 2nd. The stock was purchased at an average price of $5.48 per share, for a total transaction of $49,868.00. Following the completion of the transaction, the insider now owns 136,734 shares of the company’s stock, valued at $749,302.32. This trade represents a 7.13 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark D. Klein bought 10,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was purchased at an average price of $5.03 per share, for a total transaction of $50,300.00. Following the acquisition, the chief executive officer now directly owns 1,098,666 shares of the company’s stock, valued at approximately $5,526,289.98. The trade was a 0.92 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 58,843 shares of company stock worth $307,047 in the last 90 days. 5.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On SuRo Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HB Wealth Management LLC purchased a new position in shares of SuRo Capital in the fourth quarter valued at about $65,000. Arete Wealth Advisors LLC purchased a new position in SuRo Capital during the 3rd quarter valued at about $84,000. Finally, Gabelli Funds LLC increased its holdings in SuRo Capital by 139.3% during the 2nd quarter. Gabelli Funds LLC now owns 730,000 shares of the company’s stock valued at $2,927,000 after purchasing an additional 425,000 shares during the period. 12.95% of the stock is currently owned by institutional investors.

About SuRo Capital

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.