Barrington Research Reaffirms Outperform Rating for SuRo Capital (NASDAQ:SSSS)

Barrington Research reiterated their outperform rating on shares of SuRo Capital (NASDAQ:SSSSFree Report) in a research note published on Tuesday, Benzinga reports. They currently have a $6.00 price target on the stock.

Separately, JMP Securities boosted their target price on SuRo Capital from $5.50 to $6.00 and gave the stock a market outperform rating in a research report on Tuesday, March 26th.

Check Out Our Latest Research Report on SSSS

SuRo Capital Price Performance

SuRo Capital stock opened at $4.11 on Tuesday. SuRo Capital has a 52 week low of $3.10 and a 52 week high of $4.72. The business has a 50-day simple moving average of $4.06 and a 200 day simple moving average of $4.05. The company has a quick ratio of 39.54, a current ratio of 39.54 and a debt-to-equity ratio of 0.41. The stock has a market cap of $95.97 million, a price-to-earnings ratio of -5.01 and a beta of 1.62.

SuRo Capital (NASDAQ:SSSSGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported ($0.13) EPS for the quarter. SuRo Capital had a negative return on equity of 6.35% and a negative net margin of 316.66%. The business had revenue of $1.53 million for the quarter.

Hedge Funds Weigh In On SuRo Capital

Hedge funds and other institutional investors have recently modified their holdings of the company. Byrne Asset Management LLC purchased a new position in shares of SuRo Capital in the 4th quarter worth about $51,000. Calton & Associates Inc. purchased a new stake in SuRo Capital during the 4th quarter valued at about $107,000. Janney Montgomery Scott LLC boosted its holdings in SuRo Capital by 111.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 30,339 shares of the company’s stock valued at $110,000 after acquiring an additional 15,974 shares during the period. EJF Capital LLC boosted its holdings in SuRo Capital by 18.7% during the 3rd quarter. EJF Capital LLC now owns 35,602 shares of the company’s stock valued at $129,000 after acquiring an additional 5,602 shares during the period. Finally, Wellington Shields & Co. LLC boosted its holdings in SuRo Capital by 35.0% during the 1st quarter. Wellington Shields & Co. LLC now owns 30,290 shares of the company’s stock valued at $138,000 after acquiring an additional 7,852 shares during the period. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

About SuRo Capital

(Get Free Report)

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.

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