SuRo Capital (NASDAQ:SSSS) PT Lowered to $15.00 at Barrington Research

SuRo Capital (NASDAQ:SSSS) had its price objective cut by analysts at Barrington Research from $16.00 to $15.00 in a research note issued on Friday, The Fly reports. Barrington Research’s price objective would indicate a potential upside of 16.10% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of SuRo Capital from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 7th. JMP Securities reduced their price objective on shares of SuRo Capital from $18.50 to $18.00 and set a “market outperform” rating for the company in a research report on Monday, November 8th.

SSSS stock traded up $0.01 during mid-day trading on Friday, hitting $12.92. 25,291 shares of the company were exchanged, compared to its average volume of 453,785. The firm has a market cap of $371.84 million, a P/E ratio of 1.40 and a beta of 1.97. The firm’s 50 day simple moving average is $13.00 and its 200 day simple moving average is $13.13. SuRo Capital has a 1-year low of $11.29 and a 1-year high of $16.40.

SuRo Capital (NASDAQ:SSSS) last issued its quarterly earnings results on Wednesday, November 3rd. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $0.52 million for the quarter. SuRo Capital had a negative return on equity of 2.83% and a net margin of 10,823.94%.

In related news, CEO Mark D. Klein bought 10,000 shares of SuRo Capital stock in a transaction that occurred on Monday, December 13th. The shares were acquired at an average cost of $11.76 per share, for a total transaction of $117,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Allison Green bought 5,860 shares of SuRo Capital stock in a transaction that occurred on Wednesday, December 22nd. The stock was bought at an average price of $12.76 per share, for a total transaction of $74,773.60. The disclosure for this purchase can be found here. Insiders own 2.28% of the company’s stock.

Large investors have recently modified their holdings of the company. Deutsche Bank AG acquired a new position in shares of SuRo Capital during the third quarter worth approximately $76,000. Goldman Sachs Group Inc. purchased a new stake in SuRo Capital in the 3rd quarter valued at $140,000. Avidian Wealth Solutions LLC purchased a new stake in SuRo Capital in the 3rd quarter valued at $149,000. NinePointTwo Capital LLC purchased a new stake in SuRo Capital in the 3rd quarter valued at $175,000. Finally, Shelton Capital Management purchased a new stake in SuRo Capital in the 2nd quarter valued at $189,000. 27.40% of the stock is currently owned by institutional investors.

SuRo Capital Company Profile

Sutter Rock Capital Corp. is specializing in growth capital, B round and beyond, emerging growth, and pre-IPO investments in late stage venture-backed private companies. It makes direct (primary rounds) investments in companies and also makes secondary direct investments. The fund operates as a Business development Company.

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