Barrington Research Reiterates Outperform Rating for SuRo Capital (NASDAQ:SSSS)

SuRo Capital (NASDAQ:SSSS)‘s stock had its “outperform” rating reissued by Barrington Research in a report released on Wednesday,Benzinga reports. They currently have a $8.00 target price on the stock. Barrington Research’s price target points to a potential upside of 43.37% from the stock’s current price.

Separately, Citigroup reiterated an “outperform” rating on shares of SuRo Capital in a research note on Wednesday.

SuRo Capital Trading Down 3.6 %

Shares of NASDAQ:SSSS opened at $5.58 on Wednesday. SuRo Capital has a 12-month low of $3.52 and a 12-month high of $6.83. The business’s fifty day simple moving average is $5.87 and its 200-day simple moving average is $5.18. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $131.70 million, a PE ratio of -2.95 and a beta of 1.53.

Hedge Funds Weigh In On SuRo Capital

A number of large investors have recently bought and sold shares of the business. Wolverine Trading LLC acquired a new position in SuRo Capital in the 4th quarter worth about $414,000. Wexford Capital LP acquired a new position in SuRo Capital in the 4th quarter worth about $176,000. Millennium Management LLC acquired a new position in SuRo Capital in the 4th quarter worth about $65,000. J. Goldman & Co LP acquired a new position in SuRo Capital in the 4th quarter worth about $3,592,000. Finally, Cubist Systematic Strategies LLC acquired a new position in SuRo Capital in the 4th quarter worth about $177,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

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.