Neostellar Capital (NASDAQ:NSLR) Director Ronald Lott Sells 5,085 Shares

Neostellar Capital (NASDAQ:NSLR) Director Ronald Lott sold 5,085 shares of the company’s 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 owned 16,432 shares of the company’s stock, valued at approximately $163,662.72. This trade represents a 23.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Neostellar Capital Trading Up 0.9%

NASDAQ NSLR opened at $10.10 on Friday. The company has a market cap of $267.35 million, a price-to-earnings ratio of 2.51 and a beta of 1.40. The company has a 50-day moving average of $10.38. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.76 and a quick ratio of 6.76. Neostellar Capital has a 12 month low of $8.46 and a 12 month high of $14.98.

Neostellar Capital (NASDAQ:NSLR) last posted its quarterly earnings data 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 business had revenue of $0.30 million during the quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NSLR shares. Weiss Ratings downgraded shares of Neostellar Capital from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Wall Street Zen lowered shares of Neostellar Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. BTIG Research reiterated a “buy” rating and set a $15.00 price objective on shares of Neostellar Capital in a report on Friday, July 10th. Finally, Barrington Research set a $16.00 price objective on shares of Neostellar Capital in a research report on Thursday, August 6th. One investment 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 company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $14.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NSLR. Hillsdale Investment Management Inc. raised its holdings in shares of Neostellar Capital by 5.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 37,400 shares of the company’s stock worth $353,000 after acquiring an additional 2,000 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Neostellar Capital by 222.2% during the second quarter. Bank of America Corp DE now owns 3,267 shares of the company’s stock valued at $27,000 after buying an additional 2,253 shares during the last quarter. Ritholtz Wealth Management boosted its position 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. Hazlett Burt & Watson Inc. grew its holdings in 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 buying an additional 3,750 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Neostellar Capital during the second quarter worth $31,000. 12.95% of the stock is currently 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.