Barrington Research Issues Positive Forecast for SuRo Capital (NASDAQ:SSSS) Stock Price

SuRo Capital (NASDAQ:SSSS) had its price target upped by analysts at Barrington Research from $6.00 to $8.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s target price points to a potential upside of 26.18% from the stock’s previous close.

SuRo Capital Stock Down 4.8 %

SSSS opened at $6.34 on Tuesday. SuRo Capital has a 12 month low of $3.32 and a 12 month high of $6.74. The business has a 50-day moving average of $5.69 and a two-hundred day moving average of $4.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.32 and a quick ratio of 11.32. The stock has a market capitalization of $149.62 million, a price-to-earnings ratio of -3.35 and a beta of 1.61.

Insider Buying and Selling

In other news, CEO Mark D. Klein purchased 10,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was purchased at an average price of $5.03 per share, with a total value of $50,300.00. Following the completion of the transaction, the chief executive officer now owns 1,098,666 shares in the company, valued at approximately $5,526,289.98. The trade was a 0.92 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Allison Green purchased 9,100 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were purchased at an average price of $5.48 per share, with a total value of $49,868.00. Following the completion of the purchase, the insider now directly owns 136,734 shares of the company’s stock, valued at $749,302.32. The trade was a 7.13 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 58,843 shares of company stock valued at $307,047. Insiders own 5.97% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. HB Wealth Management LLC purchased a new position in shares of SuRo Capital in the 4th quarter valued at $65,000. Arete Wealth Advisors LLC acquired a new stake in SuRo Capital in the 3rd quarter valued at $84,000. Finally, Gabelli Funds LLC raised 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 valued at $2,927,000 after purchasing an additional 425,000 shares during the period. 12.95% of the stock is owned by institutional investors and hedge funds.

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.