SuRo Capital Corp. (NASDAQ:SSSS) Short Interest Update

SuRo Capital Corp. (NASDAQ:SSSS) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 57,400 shares, a growth of 170.8% from the April 30th total of 21,200 shares. Based on an average daily trading volume, of 199,500 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.

Insider Buying and Selling

In related news, CEO Mark D. Klein acquired 16,500 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average cost of $5.26 per share, for a total transaction of $86,790.00. Following the completion of the transaction, the chief executive officer now owns 1,216,019 shares in the company, valued at approximately $6,396,259.94. This trade represents a 1.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SuRo Capital

A number of institutional investors have recently made changes to their positions in SSSS. Choreo LLC raised its position in SuRo Capital by 16.6% in the 4th quarter. Choreo LLC now owns 19,380 shares of the company’s stock worth $117,000 after purchasing an additional 2,764 shares during the period. Bank of America Corp DE boosted its position in SuRo Capital by 11.2% during the fourth quarter. Bank of America Corp DE now owns 30,626 shares of the company’s stock valued at $180,000 after buying an additional 3,092 shares during the period. XTX Topco Ltd grew its stake in shares of SuRo Capital by 13.4% during the first quarter. XTX Topco Ltd now owns 27,072 shares of the company’s stock valued at $135,000 after buying an additional 3,191 shares during the last quarter. Jane Street Group LLC grew its stake in shares of SuRo Capital by 58.5% during the first quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock valued at $90,000 after buying an additional 6,701 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in shares of SuRo Capital in the fourth quarter worth about $65,000. Hedge funds and other institutional investors own 12.95% of the company’s stock.

SuRo Capital Price Performance

SSSS opened at $6.40 on Thursday. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $150.73 million, a P/E ratio of -3.39 and a beta of 1.62. The stock has a 50-day moving average price of $5.18 and a 200-day moving average price of $5.56. SuRo Capital has a 12-month low of $3.52 and a 12-month high of $6.83.

SuRo Capital (NASDAQ:SSSS) last issued its earnings results on Tuesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.02). SuRo Capital had a negative return on equity of 7.28% and a negative net margin of 801.00%. The firm had revenue of $0.50 million during the quarter, compared to analysts’ expectations of $1.23 million.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup reissued an “outperform” rating on shares of SuRo Capital in a research note on Wednesday, March 12th. Barrington Research reiterated an “outperform” rating and issued a $8.00 target price on shares of SuRo Capital in a research report on Tuesday, April 8th.

SuRo Capital Company Profile

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