SuRo Capital Corp. (NASDAQ:SSSS) CEO Mark D. Klein Buys 39,000 Shares

SuRo Capital Corp. (NASDAQ:SSSS) CEO Mark D. Klein acquired 39,000 shares of the company’s stock in a transaction on Friday, November 29th. The stock was acquired at an average cost of $5.20 per share, with a total value of $202,800.00. Following the completion of the purchase, the chief executive officer now directly owns 1,169,923 shares in the company, valued at approximately $6,083,599.60. This represents a 3.45 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

SuRo Capital Stock Performance

NASDAQ:SSSS opened at $5.30 on Monday. The firm has a market capitalization of $123.91 million, a PE ratio of -2.80 and a beta of 1.63. The stock’s fifty day moving average is $4.62 and its 200 day moving average is $4.20. SuRo Capital Corp. has a fifty-two week low of $3.32 and a fifty-two week high of $5.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.32 and a current ratio of 11.32.

Institutional Investors Weigh In On SuRo Capital

Several hedge funds and other institutional investors have recently made changes to their positions in SSSS. Choreo LLC purchased a new position in shares of SuRo Capital during the 2nd quarter worth about $62,000. Arete Wealth Advisors LLC bought a new stake in SuRo Capital in the third quarter worth about $84,000. Levin Capital Strategies L.P. purchased a new position in shares of SuRo Capital during the second quarter valued at approximately $174,000. Acadian Asset Management LLC grew its stake in shares of SuRo Capital by 91.6% during the second quarter. Acadian Asset Management LLC now owns 131,636 shares of the company’s stock valued at $527,000 after buying an additional 62,950 shares during the last quarter. Finally, Gabelli Funds LLC raised its holdings in shares of SuRo Capital by 139.3% in the second quarter. Gabelli Funds LLC now owns 730,000 shares of the company’s stock worth $2,927,000 after buying an additional 425,000 shares during the period. Hedge funds and other institutional investors own 12.95% 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 research report on Tuesday, November 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.