SuRo Capital (NASDAQ:SSSS – Get Free Report)‘s stock had its “outperform” rating reissued by investment analysts at Barrington Research in a research note issued on Thursday, Benzinga reports. They currently have a $6.00 target price on the stock. Barrington Research’s price objective would suggest a potential upside of 56.25% from the company’s current price.
Separately, JMP Securities upped their target price on shares of SuRo Capital from $5.50 to $6.00 and gave the stock a “market outperform” rating in a research note on Tuesday, March 26th.
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SuRo Capital Stock Down 0.5 %
SuRo Capital (NASDAQ:SSSS – Get Free Report) last posted its quarterly earnings data on Wednesday, March 13th. The company reported ($0.11) EPS for the quarter. The business had revenue of $2.46 million for the quarter. SuRo Capital had a negative return on equity of 6.58% and a net margin of 76.81%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd bought a new position in SuRo Capital during the fourth quarter valued at approximately $184,000. Bulldog Investors LLP lifted its position in SuRo Capital by 15.1% during the fourth quarter. Bulldog Investors LLP now owns 152,373 shares of the company’s stock valued at $600,000 after purchasing an additional 20,011 shares during the period. Royal Bank of Canada lifted its position in SuRo Capital by 928.6% during the fourth quarter. Royal Bank of Canada now owns 21,086 shares of the company’s stock valued at $83,000 after purchasing an additional 19,036 shares during the period. Northern Trust Corp bought a new position in SuRo Capital during the fourth quarter valued at approximately $114,000. Finally, Gabelli Funds LLC lifted its position in SuRo Capital by 125.0% during the fourth quarter. Gabelli Funds LLC now owns 202,500 shares of the company’s stock valued at $798,000 after purchasing an additional 112,500 shares during the period. Institutional investors 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.
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