SuRo Capital (NASDAQ:SSSS) Earns Outperform Rating from Barrington Research

SuRo Capital (NASDAQ:SSSS)‘s stock had its “outperform” rating restated by analysts at Barrington Research in a research note issued on Wednesday,Benzinga reports. They currently have a $8.00 price objective on the stock. Barrington Research’s price target points to a potential upside of 43.99% from the stock’s previous close.

Separately, Citigroup reiterated an “outperform” rating on shares of SuRo Capital in a research note on Wednesday.

SuRo Capital Trading Up 5.4 %

Shares of SSSS traded up $0.29 during mid-day trading on Wednesday, reaching $5.56. The company had a trading volume of 99,768 shares, compared to its average volume of 299,306. SuRo Capital has a fifty-two week low of $3.52 and a fifty-two week high of $6.83. The firm has a fifty day simple moving average of $5.88 and a 200-day simple moving average of $5.17. The stock has a market cap of $131.13 million, a price-to-earnings ratio of -2.94 and a beta of 1.53. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47.

Hedge Funds Weigh In On SuRo Capital

Hedge funds have recently added to or reduced their stakes in the business. J. Goldman & Co LP bought a new stake in shares of SuRo Capital in the 4th quarter worth approximately $3,592,000. Thomas J. Herzfeld Advisors Inc. lifted its stake in SuRo Capital by 24.7% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,357,409 shares of the company’s stock valued at $7,982,000 after buying an additional 268,899 shares during the last quarter. Gabelli Funds LLC boosted its holdings in shares of SuRo Capital by 22.3% during the fourth quarter. Gabelli Funds LLC now owns 1,164,500 shares of the company’s stock valued at $6,847,000 after acquiring an additional 212,000 shares during the period. Marshall Wace LLP bought a new position in shares of SuRo Capital during the fourth quarter worth about $461,000. Finally, Wolverine Trading LLC acquired a new stake in shares of SuRo Capital in the 4th quarter worth about $414,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

About SuRo Capital

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.