Bulldog Investors LLP Boosts Stock Holdings in SuRo Capital Corp. (NASDAQ:SSSS)

Bulldog Investors LLP boosted its stake in SuRo Capital Corp. (NASDAQ:SSSS) by 14.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 144,354 shares of the company’s stock after purchasing an additional 18,045 shares during the quarter. Bulldog Investors LLP owned about 0.61% of SuRo Capital worth $850,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HB Wealth Management LLC purchased a new stake in shares of SuRo Capital in the fourth quarter worth about $65,000. Jane Street Group LLC bought a new stake in SuRo Capital in the 4th quarter worth approximately $67,000. JPMorgan Chase & Co. raised its holdings in shares of SuRo Capital by 8,025.0% during the 4th quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company’s stock worth $76,000 after acquiring an additional 12,840 shares in the last quarter. Legato Capital Management LLC bought a new position in shares of SuRo Capital during the 4th quarter valued at approximately $82,000. Finally, Choreo LLC grew its holdings in shares of SuRo Capital by 16.6% in the fourth quarter. Choreo LLC now owns 19,380 shares of the company’s stock valued at $117,000 after purchasing an additional 2,764 shares in the last quarter. Institutional investors own 12.95% of the company’s stock.

SuRo Capital Stock Performance

SuRo Capital stock opened at $4.86 on Monday. SuRo Capital Corp. has a 1-year low of $3.52 and a 1-year high of $6.83. The company’s 50-day moving average is $5.16 and its 200 day moving average is $5.43. The firm has a market capitalization of $114.46 million, a P/E ratio of -2.57 and a beta of 1.62. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.32 and a quick ratio of 11.32.

Analysts Set New Price Targets

SSSS has been the subject of several research reports. Citigroup reiterated an “outperform” rating on shares of SuRo Capital in a research report on Wednesday, March 12th. Barrington Research reissued an “outperform” rating and set a $8.00 target price on shares of SuRo Capital in a research report on Tuesday, April 8th.

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.