Barrington Research Forecasts Strong Price Appreciation for SuRo Capital (NASDAQ:SSSS) Stock

SuRo Capital (NASDAQ:SSSS) had its price target increased by research analysts at Barrington Research from $6.00 to $8.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Barrington Research’s price target indicates a potential upside of 28.00% from the company’s current price.

SuRo Capital Price Performance

Shares of NASDAQ:SSSS opened at $6.25 on Tuesday. The company has a market cap of $147.50 million, a P/E ratio of -3.31 and a beta of 1.61. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47. SuRo Capital has a 52 week low of $3.32 and a 52 week high of $6.74. The business has a fifty day simple moving average of $5.72 and a 200-day simple moving average of $4.70.

SuRo Capital (NASDAQ:SSSS) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) EPS for the quarter. The business had revenue of $0.89 million during the quarter. SuRo Capital had a negative net margin of 801.00% and a negative return on equity of 7.28%.

Insider Buying and Selling at SuRo Capital

In related news, insider Allison Green acquired 9,100 shares of SuRo Capital stock in a transaction on Monday, December 2nd. The shares were bought at an average price of $5.48 per share, for a total transaction of $49,868.00. Following the completion of the purchase, the insider now directly owns 136,734 shares in the company, valued at $749,302.32. This trade represents a 7.13 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark D. Klein acquired 39,000 shares of SuRo Capital stock in a transaction on Friday, November 29th. The shares were bought at an average price of $5.20 per share, for a total transaction of $202,800.00. Following the purchase, the chief executive officer now owns 1,169,923 shares of the company’s stock, valued at $6,083,599.60. This represents a 3.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 58,843 shares of company stock valued at $307,047. Company insiders own 5.97% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SSSS. Gabelli Funds LLC lifted its stake in shares of SuRo Capital by 139.3% during the second quarter. Gabelli Funds LLC now owns 730,000 shares of the company’s stock worth $2,927,000 after purchasing an additional 425,000 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in shares of SuRo Capital in the third quarter worth about $84,000. Finally, HB Wealth Management LLC acquired a new position in shares of SuRo Capital in the fourth quarter worth about $65,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

SuRo Capital Company Profile

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.