SuRo Capital (NASDAQ:SSSS) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of SuRo Capital (NASDAQ:SSSS) from a sell rating to a hold rating in a report released on Saturday.

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

SuRo Capital Trading Up 0.2%

NASDAQ:SSSS opened at $6.31 on Friday. The stock has a fifty day moving average price of $5.22 and a two-hundred day moving average price of $5.60. The stock has a market capitalization of $148.61 million, a price-to-earnings ratio of -3.34 and a beta of 1.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.32 and a current ratio of 11.32. SuRo Capital has a 1 year low of $3.52 and a 1 year high of $6.83.

SuRo Capital (NASDAQ:SSSS) last posted its earnings results on Tuesday, May 6th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02). The firm had revenue of $0.50 million during the quarter, compared to analyst estimates of $1.23 million. SuRo Capital had a negative net margin of 801.00% and a negative return on equity of 7.28%.

Insider Activity at SuRo Capital

In related news, CEO Mark D. Klein acquired 16,500 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average price of $5.26 per share, with a total value of $86,790.00. Following the completion of the purchase, the chief executive officer now directly owns 1,216,019 shares in the company, valued at approximately $6,396,259.94. The trade was a 1.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.69% of the company’s stock.

Institutional Trading of SuRo Capital

A number of large investors have recently made changes to their positions in SSSS. J. Goldman & Co LP acquired a new stake in shares of SuRo Capital during the fourth quarter valued at $3,592,000. Thomas J. Herzfeld Advisors Inc. boosted its stake in SuRo Capital by 26.3% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,714,062 shares of the company’s stock worth $8,519,000 after buying an additional 356,653 shares during the last quarter. Gabelli Funds LLC boosted its stake in SuRo Capital by 22.3% in the 4th quarter. Gabelli Funds LLC now owns 1,164,500 shares of the company’s stock worth $6,847,000 after buying an additional 212,000 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in SuRo Capital in the 1st quarter worth about $867,000. Finally, Marshall Wace LLP acquired a new stake in SuRo Capital in the 4th quarter worth about $461,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

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.