Neostellar Capital (NASDAQ:NSLR) Given New $14.00 Price Target at BTIG Research

Neostellar Capital (NASDAQ:NSLR) had its price target cut by stock analysts at BTIG Research from $15.00 to $14.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price objective points to a potential upside of 86.67% from the company’s current price.

NSLR has been the subject of several other research reports. Wall Street Zen cut shares of Neostellar Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Barrington Research set a $16.00 price objective on Neostellar Capital in a research report on Thursday, August 6th. Finally, Weiss Ratings cut Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $14.25.

Neostellar Capital Stock Performance

NSLR opened at $7.50 on Wednesday. The business’s 50-day moving average price is $9.39. Neostellar Capital has a 12-month low of $7.04 and a 12-month high of $14.98. The firm has a market cap of $198.55 million, a price-to-earnings ratio of 1.86 and a beta of 1.47. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 0.17.

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

Insider Buying and Selling at Neostellar Capital

In other news, Director Ronald Lott sold 5,085 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $9.96, for a total value of $50,646.60. Following the transaction, the director owned 16,432 shares in the company, valued at approximately $163,662.72. This represents a 23.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark Klein bought 5,000 shares of the business’s stock in a transaction dated Monday, September 21st. The shares were acquired at an average cost of $7.91 per share, for a total transaction of $39,550.00. Following the transaction, the chief executive officer directly owned 1,763,796 shares in the company, valued at approximately $13,951,626.36. This represents a 0.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 81,040 shares of company stock worth $800,534 over the last ninety days. Corporate insiders own 8.32% of the company’s stock.

Hedge Funds Weigh In On Neostellar Capital

Several hedge funds have recently added to or reduced their stakes in the stock. Gabelli Funds LLC increased its stake in Neostellar Capital by 3.3% in the first quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock valued at $13,967,000 after purchasing an additional 41,894 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Neostellar Capital by 51.4% during the 1st quarter. Private Advisor Group LLC now owns 69,034 shares of the company’s stock worth $739,000 after buying an additional 23,446 shares during the last quarter. Tactive Advisors LLC boosted its holdings in shares of Neostellar Capital by 66.5% in the 2nd quarter. Tactive Advisors LLC now owns 30,311 shares of the company’s stock valued at $380,000 after buying an additional 12,111 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Neostellar Capital by 13.4% in the 1st quarter. Ritholtz Wealth Management now owns 24,264 shares of the company’s stock valued at $260,000 after buying an additional 2,862 shares in the last quarter. Finally, Byrne Asset Management LLC grew its position in shares of Neostellar Capital by 24.0% in the 3rd quarter. Byrne Asset Management LLC now owns 26,220 shares of the company’s stock valued at $196,000 after buying an additional 5,070 shares during the last quarter. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

Neostellar Capital Company Profile

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.