Thomas J. Herzfeld Advisors Inc. Has $2.17 Million Stake in SURO Capital Corp. $SSSS

Thomas J. Herzfeld Advisors Inc. cut its position in SURO Capital Corp. (NASDAQ:SSSS) by 84.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 264,336 shares of the company’s stock after selling 1,449,726 shares during the quarter. Thomas J. Herzfeld Advisors Inc.’s holdings in SURO Capital were worth $2,170,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SSSS. Jump Financial LLC acquired a new position in shares of SURO Capital during the 1st quarter worth $59,000. Invesco Ltd. bought a new position in SURO Capital in the first quarter valued at about $62,000. Jane Street Group LLC raised its stake in SURO Capital by 58.5% during the first quarter. Jane Street Group LLC now owns 18,153 shares of the company’s stock worth $90,000 after acquiring an additional 6,701 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in SURO Capital during the second quarter worth about $110,000. Finally, Trexquant Investment LP bought a new position in shares of SURO Capital in the first quarter worth about $134,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

SURO Capital Stock Down 0.4%

Shares of SSSS opened at $9.43 on Friday. The stock’s 50-day moving average price is $9.40 and its two-hundred day moving average price is $8.60. SURO Capital Corp. has a 12 month low of $4.21 and a 12 month high of $10.34. The company has a market capitalization of $236.88 million, a PE ratio of -22.45 and a beta of 1.39. The company has a current ratio of 18.48, a quick ratio of 18.48 and a debt-to-equity ratio of 0.32.

SURO Capital (NASDAQ:SSSS) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.08. The company had revenue of $0.46 million during the quarter, compared to the consensus estimate of $0.17 million. SURO Capital had a negative return on equity of 5.64% and a net margin of 2,930.42%.

SURO Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were given a $0.25 dividend. The ex-dividend date was Friday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.6%. SURO Capital’s payout ratio is -238.10%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SSSS. BTIG Research upped their price target on shares of SURO Capital from $10.00 to $10.50 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Wall Street Zen cut SURO Capital from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Barrington Research increased their target price on SURO Capital from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of SURO Capital in a report on Monday. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, SURO Capital has an average rating of “Buy” and an average target price of $10.83.

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.