Riverwater Partners LLC Buys New Shares in SuRo Capital Corp. (NASDAQ:SSSS)

Riverwater Partners LLC acquired a new position in SuRo Capital Corp. (NASDAQ:SSSS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 48,466 shares of the company’s stock, valued at approximately $285,000.

Other institutional investors have also recently modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. lifted its position in SuRo Capital by 24.7% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,357,409 shares of the company’s stock worth $7,982,000 after buying an additional 268,899 shares during the last quarter. Levin Capital Strategies L.P. lifted its holdings in shares of SuRo Capital by 85.5% in the 4th quarter. Levin Capital Strategies L.P. now owns 145,510 shares of the company’s stock worth $856,000 after acquiring an additional 67,049 shares during the last quarter. Rangeley Capital LLC purchased a new stake in shares of SuRo Capital in the 4th quarter valued at $147,000. Arete Wealth Advisors LLC bought a new position in shares of SuRo Capital during the 3rd quarter valued at $84,000. Finally, Choreo LLC grew its holdings in shares of SuRo Capital by 16.6% during the 4th quarter. Choreo LLC now owns 19,380 shares of the company’s stock valued at $117,000 after purchasing an additional 2,764 shares during the last quarter. 12.95% of the stock is currently owned by institutional investors.

SuRo Capital Stock Down 6.3 %

Shares of NASDAQ SSSS opened at $4.59 on Friday. The company has a market cap of $108.10 million, a price-to-earnings ratio of -2.43 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. The firm’s fifty day moving average is $5.69 and its 200 day moving average is $5.35. SuRo Capital Corp. has a 52 week low of $3.52 and a 52 week high of $6.83.

Analysts Set New Price Targets

SSSS has been the subject of several analyst reports. Barrington Research restated an “outperform” rating and set a $8.00 price target on shares of SuRo Capital in a research report on Wednesday, March 12th. Citigroup reissued an “outperform” rating on shares of SuRo Capital in a research note on Wednesday, March 12th.

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.