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

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

SuRo Capital Price Performance

Shares of SSSS stock traded up $0.88 during trading hours on Friday, reaching $4.75. 1,543,994 shares of the company were exchanged, compared to its average volume of 71,608. SuRo Capital has a fifty-two week low of $3.32 and a fifty-two week high of $4.92. The stock’s fifty day moving average is $3.91 and its two-hundred day moving average is $3.99. The company has a market cap of $111.06 million, a price-to-earnings ratio of -7.06 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 (NASDAQ:SSSS) last announced 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 company had revenue of $1.03 million for the quarter.

Insider Activity at SuRo Capital

In other SuRo Capital news, CEO Mark D. Klein acquired 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average cost of $3.84 per share, for a total transaction of $46,080.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,088,666 shares of the company’s stock, valued at approximately $4,180,477.44. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.97% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SuRo Capital

Several large investors have recently bought and sold shares of the company. Gabelli Funds LLC increased its stake in SuRo Capital by 139.3% in the second 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 in the last quarter. Deuterium Capital Management LLC increased its position in shares of SuRo Capital by 408.0% during the first 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 in the last quarter. Acadian Asset Management LLC increased its position 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 worth $527,000 after acquiring an additional 62,950 shares in the last quarter. EJF Capital LLC increased its position in shares of 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 acquiring an additional 37,109 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of SuRo Capital during the fourth quarter worth $184,000. Institutional investors 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.