Key Points
- CEO Mark Klein bought 2,500 shares at an average price of $13.08 on April 21 for $32,700, increasing his stake to 1,673,521 shares (a ~0.15% rise) as disclosed in an SEC filing.
- Q1 results missed EPS expectations: SURO reported ($0.23) EPS vs. consensus ($0.20) (missed by $0.03) while reporting $0.56M in revenue, above the $0.35M estimate.
- Analyst sentiment is positive with a MarketBeat consensus rating of "Buy" and a $14.75 average price target after multiple recent upgrades (targets raised into the $15–$17 range).
SURO Capital Corp. (NASDAQ:SSSS - Get Free Report) CEO Mark Klein purchased 2,500 shares of the business's stock in a transaction on Tuesday, April 21st. The shares were acquired at an average price of $13.08 per share, for a total transaction of $32,700.00. Following the completion of the acquisition, the chief executive officer directly owned 1,673,521 shares in the company, valued at approximately $21,889,654.68. This represents a 0.15% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
SURO Capital Price Performance
SURO Capital stock opened at $13.36 on Thursday. The stock has a market capitalization of $339.21 million, a price-to-earnings ratio of 7.55 and a beta of 1.32. SURO Capital Corp. has a 52-week low of $4.50 and a 52-week high of $13.66. The stock's 50 day moving average price is $10.53 and its two-hundred day moving average price is $9.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 54.37 and a current ratio of 54.37.
SURO Capital (NASDAQ:SSSS - Get Free Report) last posted its quarterly earnings results on Tuesday, March 10th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.03). The business had revenue of $0.56 million for the quarter, compared to the consensus estimate of $0.35 million. SURO Capital had a negative return on equity of 8.12% and a net margin of 2,894.90%.
Analyst Upgrades and Downgrades
SSSS has been the topic of a number of recent research reports. Citizens Jmp increased their target price on SURO Capital from $13.00 to $15.00 and gave the stock a "market outperform" rating in a report on Thursday, April 9th. Wall Street Zen cut SURO Capital from a "hold" rating to a "sell" rating in a report on Saturday, March 14th. BTIG Research increased their target price on SURO Capital from $12.50 to $15.00 and gave the stock a "buy" rating in a report on Thursday, April 9th. Barrington Research increased their target price on SURO Capital from $15.00 to $17.00 and gave the stock an "outperform" rating in a report on Tuesday, April 7th. Finally, Lucid Cap Mkts upgraded SURO Capital to a "strong-buy" rating in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, SURO Capital has a consensus rating of "Buy" and a consensus price target of $14.75.
View Our Latest Stock Analysis on SSSS
Institutional Investors Weigh In On SURO Capital
A number of hedge funds have recently made changes to their positions in the business. Gabelli Funds LLC raised its stake in shares of SURO Capital by 1.6% during the 3rd quarter. Gabelli Funds LLC now owns 1,474,344 shares of the company's stock worth $13,269,000 after purchasing an additional 23,510 shares during the period. GatePass Capital LLC raised its stake in shares of SURO Capital by 2.5% during the 4th quarter. GatePass Capital LLC now owns 508,400 shares of the company's stock worth $4,799,000 after purchasing an additional 12,300 shares during the period. Jane Street Group LLC raised its stake in shares of SURO Capital by 102.1% during the 4th quarter. Jane Street Group LLC now owns 251,035 shares of the company's stock worth $2,370,000 after purchasing an additional 126,796 shares during the period. Two Sigma Investments LP raised its stake in shares of SURO Capital by 189.9% during the 3rd quarter. Two Sigma Investments LP now owns 211,905 shares of the company's stock worth $1,907,000 after purchasing an additional 138,818 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of SURO Capital by 10.8% during the 4th quarter. Franklin Resources Inc. now owns 210,183 shares of the company's stock worth $1,984,000 after purchasing an additional 20,484 shares during the period. 12.95% of the stock is currently owned by institutional investors.
SURO Capital Company Profile
(
Get Free Report)
SURO Capital Corp (NASDAQ: SSSS) is a closed-end management investment company that operates as a business development company (BDC). Founded in 2013 and headquartered in Lewisville, Texas, SURO Capital provides capital solutions to lower middle-market companies across a range of industries. As a BDC, the company is governed by the Investment Company Act of 1940 and focuses on offering debt and equity financing to privately held businesses that may have limited access to traditional bank lending.
The firm's primary business activities include originating and managing a diversified portfolio of senior secured floating rate loans, unsecured loans, unitranche debt, and equity co-investments.
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