Neostellar Capital (NASDAQ:NSLR) Director Erik Falk Buys 50,000 Shares

Neostellar Capital (NASDAQ:NSLR) Director Erik Falk purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were bought at an average price of $10.22 per share, with a total value of $511,000.00. Following the purchase, the director directly owned 50,000 shares of the company’s stock, valued at approximately $511,000. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Neostellar Capital Stock Down 0.3%

Shares of NASDAQ NSLR opened at $10.26 on Thursday. Neostellar Capital has a 1-year low of $8.46 and a 1-year high of $14.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.76 and a quick ratio of 6.76. The firm has a market cap of $271.58 million, a P/E ratio of 2.55 and a beta of 1.44.

Neostellar Capital (NASDAQ:NSLR) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.90) EPS for the quarter. Neostellar Capital had a negative return on equity of 12.63% and a net margin of 6,053.56%.The firm had revenue of $0.30 million for the quarter.

Analysts Set New Price Targets

Several analysts have recently commented on NSLR shares. Barrington Research set a $16.00 price target on Neostellar Capital in a report on Thursday, August 6th. Wall Street Zen cut Neostellar Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. BTIG Research reissued a “buy” rating and issued a $15.00 target price on shares of Neostellar Capital in a report on Friday, July 10th. Finally, Weiss Ratings lowered shares of Neostellar Capital from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $14.50.

Institutional Investors Weigh In On Neostellar Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in Neostellar Capital by 222.2% in the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock valued at $27,000 after purchasing an additional 2,253 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Neostellar Capital during the 2nd quarter worth $31,000. Invesco Ltd. acquired a new stake in shares of Neostellar Capital during the first quarter worth $62,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of Neostellar Capital by 102.6% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 7,405 shares of the company’s stock worth $68,000 after purchasing an additional 3,750 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of Neostellar Capital by 58.5% in the first quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock valued at $90,000 after purchasing an additional 6,701 shares during the period. Hedge funds and other institutional investors own 12.95% of the company’s stock.

About Neostellar Capital

SuRo Capital Corp. is a business development company. The firm seeks to invest in growing, late stage, venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California.