SURO Capital Corp. $SSSS Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. trimmed its stake in shares of SURO Capital Corp. (NASDAQ:SSSS) by 81.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the company’s stock after selling 44,773 shares during the quarter. Levin Capital Strategies L.P.’s holdings in SURO Capital were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new stake in SURO Capital during the 1st quarter worth approximately $59,000. Invesco Ltd. acquired a new position in shares of SURO Capital during the first quarter worth about $62,000. Atria Wealth Solutions Inc. acquired a new position in shares of SURO Capital during the second quarter worth about $110,000. Jane Street Group LLC increased its stake in shares of SURO Capital by 58.5% during the first quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock worth $90,000 after acquiring an additional 6,701 shares during the period. Finally, Farther Finance Advisors LLC acquired a new position in shares of SURO Capital during the second quarter worth about $151,000. 12.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SSSS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of SURO Capital in a research note on Wednesday, October 8th. JMP Securities boosted their price target on shares of SURO Capital from $8.00 to $10.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 16th. Barrington Research reiterated an “outperform” rating and set a $11.00 price target on shares of SURO Capital in a research note on Friday, October 10th. Citigroup reiterated an “outperform” rating on shares of SURO Capital in a research note on Wednesday, July 16th. Finally, Wall Street Zen upgraded shares of SURO Capital from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, SURO Capital presently has an average rating of “Moderate Buy” and a consensus target price of $10.33.

Insiders Place Their Bets

In other news, CEO Mark D. Klein acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was purchased at an average cost of $8.45 per share, with a total value of $84,500.00. Following the purchase, the chief executive officer directly owned 1,530,590 shares of the company’s stock, valued at approximately $12,933,485.50. This trade represents a 0.66% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 6.69% of the stock is owned by insiders.

SURO Capital Stock Performance

NASDAQ SSSS opened at $9.81 on Wednesday. SURO Capital Corp. has a 1-year low of $4.21 and a 1-year high of $10.34. The company has a market capitalization of $234.36 million, a P/E ratio of -21.33 and a beta of 1.70. The business has a 50 day moving average price of $9.14 and a 200 day moving average price of $7.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 22.50 and a quick ratio of 22.50.

SURO Capital (NASDAQ:SSSS) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.01. SURO Capital had a negative return on equity of 6.10% and a net margin of 2,015.55%.The firm had revenue of $0.17 million during the quarter, compared to the consensus estimate of $0.50 million.

SURO Capital 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.