Key Points
- Director Erik Falk purchased 50,000 NSLR shares at an average price of $10.22, investing $511,000 and establishing a new position.
- Neostellar Capital reported a quarterly loss of $0.90 per share on $0.30 million in revenue. Shares opened at $10.26, with a market capitalization of approximately $271.6 million.
- Analyst sentiment remains broadly positive, with a consensus “Buy” rating and a $14.50 target price, although recent firms also issued “Hold” and “Sell” downgrades.
Neostellar Capital (NASDAQ:NSLR - Get Free Report) Director Erik Falk bought 50,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was bought at an average price of $10.22 per share, with a total value of $511,000.00. Following the completion of the acquisition, the director owned 50,000 shares of the company's stock, valued at $511,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Neostellar Capital Stock Down 0.3%
Shares of NSLR stock opened at $10.26 on Thursday. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 0.17. The company has a market cap of $271.58 million, a P/E ratio of 2.55 and a beta of 1.44. Neostellar Capital has a one year low of $8.46 and a one year high of $14.98.
Neostellar Capital (NASDAQ:NSLR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.90) earnings per share for the quarter. The company had revenue of $0.30 million during the quarter. Neostellar Capital had a net margin of 6,053.56% and a negative return on equity of 12.63%.
Analyst Ratings Changes
A number of research firms recently issued reports on NSLR. Barrington Research set a $16.00 target price on shares of Neostellar Capital in a research report on Thursday, August 6th. Weiss Ratings cut shares of Neostellar Capital from a "buy (b)" rating to a "hold (c)" rating in a research report on Friday, August 14th. BTIG Research reiterated a "buy" rating and set a $15.00 price objective on shares of Neostellar Capital in a research note on Friday, July 10th. Finally, Wall Street Zen lowered shares of Neostellar Capital from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $14.50.
Check Out Our Latest Report on Neostellar Capital
Hedge Funds Weigh In On Neostellar Capital
A number of institutional investors and hedge funds have recently bought and sold shares of NSLR. Invesco Ltd. purchased a new stake in shares of Neostellar Capital during the first quarter valued at approximately $62,000. Jane Street Group LLC lifted its position in shares of Neostellar Capital by 58.5% during the first quarter. Jane Street Group LLC now owns 18,153 shares of the company's stock worth $90,000 after purchasing an additional 6,701 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Neostellar Capital by 46.1% in the first quarter. Acadian Asset Management LLC now owns 142,937 shares of the company's stock valued at $708,000 after purchasing an additional 45,085 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Neostellar Capital in the second quarter valued at $31,000. Finally, Bank of America Corp DE grew its holdings in Neostellar Capital by 222.2% during the 2nd quarter. Bank of America Corp DE now owns 3,267 shares of the company's stock valued at $27,000 after purchasing an additional 2,253 shares in the last quarter. Hedge funds and other institutional investors own 12.95% of the company's stock.
Neostellar Capital Company Profile
(
Get Free Report)
SuRo Capital Corp. is a business development company. The firm seeks to invest in growing, late stage, venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California.
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