SURO Capital Corp. (NASDAQ:SSSS) Receives Consensus Rating of “Buy” from Brokerages

SURO Capital Corp. (NASDAQ:SSSS) has received a consensus recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $15.00.

Several equities research analysts have commented on SSSS shares. BTIG Research raised their price target on shares of SURO Capital from $12.50 to $15.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Citizens Jmp boosted their price objective on SURO Capital from $13.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Thursday, April 9th. Citigroup reissued an “outperform” rating on shares of SURO Capital in a report on Thursday, April 9th. Weiss Ratings upgraded SURO Capital from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen raised SURO Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th.

Hedge Funds Weigh In On SURO Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP raised its position in shares of SURO Capital by 189.9% during the 3rd quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock worth $1,907,000 after buying an additional 138,818 shares in the last quarter. Jane Street Group LLC increased its stake in shares of SURO Capital by 102.1% during the fourth quarter. Jane Street Group LLC now owns 251,035 shares of the company’s stock valued at $2,370,000 after acquiring an additional 126,796 shares during the period. LPL Financial LLC raised its holdings in SURO Capital by 98.9% during the fourth quarter. LPL Financial LLC now owns 174,810 shares of the company’s stock worth $1,650,000 after purchasing an additional 86,926 shares in the last quarter. Invesco Ltd. lifted its position in SURO Capital by 560.4% in the fourth quarter. Invesco Ltd. now owns 99,449 shares of the company’s stock worth $939,000 after purchasing an additional 84,389 shares during the period. Finally, Mangrove Partners IM LLC bought a new position in SURO Capital during the 4th quarter valued at $497,000. Institutional investors own 12.95% of the company’s stock.

SURO Capital Trading Up 2.1%

Shares of NASDAQ:SSSS opened at $12.80 on Thursday. The company has a market cap of $333.70 million, a PE ratio of 1.83 and a beta of 1.39. The company’s 50-day moving average price is $13.18 and its 200 day moving average price is $11.63. SURO Capital has a fifty-two week low of $8.01 and a fifty-two week high of $14.98. The company has a quick ratio of 24.38, a current ratio of 24.38 and a debt-to-equity ratio of 0.19.

About SURO Capital

SURO Capital Corp (NASDAQ: SSSS) is a closed-end management investment company that operates as a business development company (BDC). Founded in 2013 and headquartered in Lewisville, Texas, SURO Capital provides capital solutions to lower middle-market companies across a range of industries. As a BDC, the company is governed by the Investment Company Act of 1940 and focuses on offering debt and equity financing to privately held businesses that may have limited access to traditional bank lending.

The firm’s primary business activities include originating and managing a diversified portfolio of senior secured floating rate loans, unsecured loans, unitranche debt, and equity co-investments.