SuRo Capital Corp. (NASDAQ:SSSS) Sees Significant Decline in Short Interest

SuRo Capital Corp. (NASDAQ:SSSS) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 108,800 shares, a decrease of 18.7% from the October 15th total of 133,900 shares. Based on an average daily volume of 116,200 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.5% of the shares of the stock are sold short.

SuRo Capital Trading Down 4.2 %

SSSS traded down $0.21 on Friday, hitting $4.82. 194,902 shares of the company were exchanged, compared to its average volume of 86,648. The firm has a fifty day simple moving average of $4.37 and a two-hundred day simple moving average of $4.11. The company has a debt-to-equity ratio of 0.47, a quick ratio of 27.02 and a current ratio of 11.32. SuRo Capital has a 12 month low of $3.32 and a 12 month high of $5.44. The stock has a market capitalization of $112.69 million, a PE ratio of -2.65 and a beta of 1.63.

Insider Activity

In other news, CEO Mark D. Klein acquired 12,000 shares of SuRo Capital stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average cost of $3.84 per share, for a total transaction of $46,080.00. Following the transaction, the chief executive officer now owns 1,088,666 shares of the company’s stock, valued at $4,180,477.44. This trade represents a 1.11 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 5.97% of the company’s stock.

Hedge Funds Weigh In On SuRo Capital

Several institutional investors and hedge funds have recently bought and sold shares of SSSS. Choreo LLC purchased a new stake in SuRo Capital in the 2nd quarter worth approximately $62,000. Levin Capital Strategies L.P. bought a new stake in SuRo Capital during the 2nd quarter valued at approximately $174,000. Acadian Asset Management LLC bought a new stake in SuRo Capital during the 1st quarter valued at approximately $311,000. EJF Capital LLC boosted its position in SuRo Capital by 104.2% during the 1st quarter. EJF Capital LLC now owns 72,711 shares of the company’s stock valued at $331,000 after acquiring an additional 37,109 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in SuRo Capital by 50.6% during the 1st quarter. Gabelli Funds LLC now owns 305,000 shares of the company’s stock valued at $1,388,000 after acquiring an additional 102,500 shares in the last quarter. 12.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and set a $6.00 price target on shares of SuRo Capital in a research report on Tuesday.

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.