Neostellar Capital (NASDAQ:NSLR) Stock Price Target Cut by Citizens Jmp

Neostellar Capital (NASDAQ:NSLR) had its price target decreased by equities researchers at Citizens Jmp from $15.00 to $13.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp‘s price target points to a potential upside of 121.13% from the stock’s current price.

NSLR has been the subject of a number of other reports. BTIG Research reduced their price objective on shares of Neostellar Capital from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Weiss Ratings downgraded shares of Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. Barrington Research set a $13.00 price objective on shares of Neostellar Capital in a research note on Tuesday, October 20th. Finally, Wall Street Zen downgraded shares of Neostellar Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $13.00.

Neostellar Capital Stock Performance

Shares of Neostellar Capital stock traded down $0.00 during trading on Monday, reaching $5.88. The company had a trading volume of 52,225 shares, compared to its average volume of 297,708. The firm has a market capitalization of $155.62 million, a P/E ratio of 1.45 and a beta of 1.47. Neostellar Capital has a fifty-two week low of $5.75 and a fifty-two week high of $14.98. The firm’s fifty day simple moving average is $8.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.76 and a current ratio of 6.76.

Neostellar Capital (NASDAQ:NSLR) last posted its earnings results 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 during the quarter.

Insiders Place Their Bets

In related news, Director Erik A. Falk purchased 50,000 shares of Neostellar Capital stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average cost of $10.22 per share, for a total transaction of $511,000.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at approximately $511,000. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ronald M. Lott sold 5,085 shares of Neostellar Capital stock in a transaction dated Thursday, September 3rd. The shares were 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 $163,662.72. This trade represents a 23.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders acquired 81,040 shares of company stock valued at $800,534. Company insiders own 8.32% of the company’s stock.

Institutional Trading of Neostellar Capital

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

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.