SURO Capital Corp. (NASDAQ:SSSS) Given Average Recommendation of “Buy” by Brokerages

Shares of SURO Capital Corp. (NASDAQ:SSSS) have been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $11.1250.

A number of equities analysts recently weighed in on SSSS shares. Wall Street Zen lowered shares of SURO Capital from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. Barrington Research raised their target price on shares of SURO Capital from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Capital One Financial set a $12.00 price target on SURO Capital in a research report on Monday, January 5th. Lucid Cap Mkts raised SURO Capital to a “strong-buy” rating in a report on Monday, January 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of SURO Capital in a research note on Monday, December 29th.

Institutional Investors Weigh In On SURO Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of SURO Capital by 222.2% in 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 period. Raymond James Financial Inc. acquired a new position in SURO Capital in the second quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. lifted its holdings in SURO Capital by 2,587.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 3,655 shares of the company’s stock valued at $33,000 after acquiring an additional 3,519 shares during the last quarter. Invesco Ltd. purchased a new position in SURO Capital in the first quarter worth approximately $62,000. Finally, Byrne Asset Management LLC acquired a new stake in SURO Capital during the third quarter worth $83,000. 12.95% of the stock is currently owned by institutional investors and hedge funds.

SURO Capital Stock Up 8.8%

Shares of SSSS opened at $9.77 on Thursday. The stock has a 50 day moving average price of $9.43 and a 200 day moving average price of $9.19. SURO Capital has a one year low of $4.21 and a one year high of $10.34. The company has a debt-to-equity ratio of 0.32, a quick ratio of 18.48 and a current ratio of 18.48. The stock has a market capitalization of $245.42 million, a price-to-earnings ratio of -23.26 and a beta of 1.42.

About SURO Capital

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.