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

SuRo Capital (NASDAQ:SSSS) had its price objective hoisted by stock analysts at Barrington Research from $6.00 to $8.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s price target would suggest a potential upside of 28.00% from the stock’s previous close.

SuRo Capital Stock Down 2.6 %

NASDAQ:SSSS opened at $6.25 on Tuesday. The firm has a market capitalization of $147.50 million, a PE ratio of -3.31 and a beta of 1.61. The stock has a 50 day moving average of $5.72 and a 200-day moving average of $4.70. SuRo Capital has a 52 week low of $3.32 and a 52 week high of $6.74. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47.

SuRo Capital (NASDAQ:SSSS) last posted its earnings results on Thursday, November 7th. The company reported ($0.14) EPS for the quarter. The company had revenue of $0.89 million for 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

In other SuRo Capital news, insider Allison Green acquired 9,100 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was acquired at an average cost of $5.48 per share, with a total value of $49,868.00. Following the acquisition, the insider now directly owns 136,734 shares of the company’s stock, valued at $749,302.32. This represents a 7.13 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark D. Klein acquired 39,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was acquired at an average cost of $5.20 per share, with a total value of $202,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,169,923 shares in the company, valued at approximately $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. Insiders acquired 58,843 shares of company stock valued at $307,047 in the last three months. 5.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SuRo Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gabelli Funds LLC lifted its position in SuRo Capital by 139.3% in 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 during the period. Arete Wealth Advisors LLC acquired a new stake in SuRo Capital in the third quarter worth approximately $84,000. Finally, HB Wealth Management LLC acquired a new stake in SuRo Capital in the fourth quarter worth approximately $65,000. 12.95% of the stock is owned by institutional investors.

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.