Neostellar Capital (NASDAQ:NSLR) Stock Has Average Target Price of $14.25 According to Analysts

Shares of Neostellar Capital (NASDAQ:NSLR) have received a consensus rating of “Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $14.25.

Several equities research analysts recently weighed in on NSLR shares. BTIG Research dropped their price target on Neostellar Capital from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Weiss Ratings cut Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 18th. Barrington Research set a $16.00 price objective on Neostellar Capital in a report on Thursday, August 6th. Finally, Wall Street Zen downgraded Neostellar Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 8th.

Neostellar Capital Stock Performance

Neostellar Capital stock opened at $6.84 on Tuesday. The firm’s 50 day moving average price is $8.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.76 and a current ratio of 6.76. The company has a market cap of $181.08 million, a PE ratio of 1.70 and a beta of 1.47. Neostellar Capital has a fifty-two week low of $6.60 and a fifty-two week high of $14.98.

Neostellar Capital (NASDAQ:NSLR) last posted its earnings results on Wednesday, August 5th. The company reported ($0.90) earnings per share 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.

Insider Activity at Neostellar Capital

In other news, Director Ronald Lott sold 5,085 shares of Neostellar Capital stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $9.96, for a total transaction of $50,646.60. Following the completion of the transaction, the director directly owned 16,432 shares in the company, valued at approximately $163,662.72. This trade represents a 23.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Erik A. Falk purchased 50,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was bought at an average cost of $10.22 per share, for a total transaction of $511,000.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at approximately $511,000. This represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 81,040 shares of company stock valued at $800,534 in the last three months. Company insiders own 8.32% of the company’s stock.

Hedge Funds Weigh In On Neostellar Capital

Several large investors have recently modified their holdings of the stock. Tactive Advisors LLC grew its position in Neostellar Capital by 133.9% during the 3rd quarter. Tactive Advisors LLC now owns 70,901 shares of the company’s stock valued at $545,000 after purchasing an additional 40,590 shares during the last quarter. Byrne Asset Management LLC increased its stake in Neostellar Capital by 24.0% during the 3rd quarter. Byrne Asset Management LLC now owns 26,220 shares of the company’s stock valued at $196,000 after purchasing an additional 5,070 shares in the last quarter. Gabelli Funds LLC raised its holdings in Neostellar Capital by 3.3% in the first quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock worth $13,967,000 after buying an additional 41,894 shares during the last quarter. Private Advisor Group LLC raised its holdings in Neostellar Capital by 51.4% in the first 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. Finally, Ritholtz Wealth Management raised its holdings in Neostellar Capital by 13.4% in the first quarter. Ritholtz Wealth Management now owns 24,264 shares of the company’s stock worth $260,000 after buying an additional 2,862 shares during the last quarter. 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.