SuRo Capital (NASDAQ:SSSS) Receives “Outperform” Rating from Barrington Research

SuRo Capital (NASDAQ:SSSS)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Barrington Research in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $6.00 price objective on the stock. Barrington Research’s target price would indicate a potential upside of 26.32% from the company’s previous close.

SuRo Capital Trading Down 5.0 %

Shares of SuRo Capital stock opened at $4.75 on Tuesday. The business’s 50 day simple moving average is $4.33 and its 200 day simple moving average is $4.10. SuRo Capital has a 52-week low of $3.32 and a 52-week high of $5.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.32 and a quick ratio of 27.02.

Insider Activity at SuRo Capital

In related news, CEO Mark D. Klein purchased 12,000 shares of the stock in a transaction on Tuesday, August 20th. The shares were purchased at an average price of $3.84 per share, with a total value of $46,080.00. Following the transaction, the chief executive officer now directly owns 1,088,666 shares of the company’s stock, valued at $4,180,477.44. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Choreo LLC acquired a new position in shares of SuRo Capital during the 2nd quarter worth approximately $62,000. Levin Capital Strategies L.P. bought a new position in shares of SuRo Capital during the 2nd quarter worth approximately $174,000. Acadian Asset Management LLC bought a new position in shares of SuRo Capital during the 1st quarter worth approximately $311,000. EJF Capital LLC boosted its stake in shares of SuRo Capital by 104.2% during the 1st quarter. EJF Capital LLC now owns 72,711 shares of the company’s stock worth $331,000 after acquiring an additional 37,109 shares during the period. Finally, Gabelli Funds LLC boosted its stake in shares of SuRo Capital by 50.6% during the 1st quarter. Gabelli Funds LLC now owns 305,000 shares of the company’s stock worth $1,388,000 after acquiring an additional 102,500 shares during the period. 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.