Key Points
- Director Ronald Lott sold 5,085 shares of Neostellar Capital at an average price of $9.96, generating $50,646.60 and reducing his direct ownership by 23.63% to 16,432 shares.
- Neostellar Capital reported a quarterly loss of $0.90 per share on $0.30 million in revenue. The stock opened at $10.10, with a market capitalization of approximately $267 million and a 52-week range of $8.46 to $14.98.
- Analyst sentiment remains mixed but leans positive: the stock has an average “Buy” rating and a $14.50 consensus target, while institutional investors own 12.95% of the shares.
Neostellar Capital (NASDAQ:NSLR - Get Free Report) Director Ronald Lott sold 5,085 shares of the firm's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $9.96, for a total transaction of $50,646.60. Following the transaction, the director directly owned 16,432 shares in the company, valued at $163,662.72. The trade was a 23.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Neostellar Capital Stock Performance
Neostellar Capital stock opened at $10.10 on Friday. Neostellar Capital has a fifty-two week low of $8.46 and a fifty-two week high of $14.98. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 0.17. The stock's 50-day moving average price is $10.38. The stock has a market capitalization of $267.35 million, a PE ratio of 2.51 and a beta of 1.40.
Neostellar Capital (NASDAQ:NSLR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.90) EPS for the quarter. Neostellar Capital had a net margin of 6,053.56% and a negative return on equity of 12.63%. The firm had revenue of $0.30 million during the quarter.
Hedge Funds Weigh In On Neostellar Capital
Several institutional investors and hedge funds have recently bought and sold shares of the company. Hillsdale Investment Management Inc. increased its position in Neostellar Capital by 5.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 37,400 shares of the company's stock worth $353,000 after buying an additional 2,000 shares during the last quarter. Bank of America Corp DE lifted its position in shares of 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 buying an additional 2,253 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of Neostellar Capital by 13.4% during the 1st quarter. Ritholtz Wealth Management now owns 24,264 shares of the company's stock valued at $260,000 after buying an additional 2,862 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in shares of Neostellar Capital by 102.6% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 7,405 shares of the company's stock worth $68,000 after acquiring an additional 3,750 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Neostellar Capital during the 2nd quarter worth $31,000. 12.95% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
NSLR has been the topic of several research analyst reports. Weiss Ratings cut Neostellar Capital from a "buy (b)" rating to a "hold (c)" rating in a research report on Friday, August 14th. BTIG Research reaffirmed a "buy" rating and set a $15.00 target price on shares of Neostellar Capital in a research report on Friday, July 10th. Wall Street Zen cut Neostellar Capital from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, Barrington Research set a $16.00 price target on shares of Neostellar Capital in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $14.50.
Check Out Our Latest Report on Neostellar Capital
About Neostellar Capital
(
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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