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

Shares of SURO Capital Corp. (NASDAQ:SSSS) have earned an average rating of “Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $11.1250.

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

Institutional Trading of SURO Capital

Several institutional investors have recently bought and sold shares of SSSS. Gabelli Funds LLC increased its stake in SURO Capital by 1.6% during the 3rd quarter. Gabelli Funds LLC now owns 1,474,344 shares of the company’s stock valued at $13,269,000 after purchasing an additional 23,510 shares in the last quarter. GatePass Capital LLC grew its holdings in shares of SURO Capital by 2.5% during the fourth quarter. GatePass Capital LLC now owns 508,400 shares of the company’s stock valued at $4,799,000 after buying an additional 12,300 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of SURO Capital by 26.2% during the second quarter. Gamco Investors INC. ET AL now owns 285,000 shares of the company’s stock valued at $2,340,000 after acquiring an additional 59,250 shares in the last quarter. Jane Street Group LLC raised its holdings in SURO Capital by 102.1% in the 4th quarter. Jane Street Group LLC now owns 251,035 shares of the company’s stock worth $2,370,000 after acquiring an additional 126,796 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in SURO Capital by 8.7% in the 2nd quarter. Franklin Resources Inc. now owns 240,545 shares of the company’s stock worth $1,975,000 after acquiring an additional 19,350 shares during the last quarter. 12.95% of the stock is owned by hedge funds and other institutional investors.

SURO Capital Stock Performance

Shares of SSSS stock opened at $9.38 on Monday. The company’s fifty day moving average price is $9.44 and its 200-day moving average price is $9.28. The stock has a market cap of $235.63 million, a PE ratio of -22.33 and a beta of 1.43. The company has a current ratio of 18.48, a quick ratio of 18.48 and a debt-to-equity ratio of 0.32. SURO Capital has a 12 month low of $4.21 and a 12 month high of $10.34.

SURO Capital Company Profile

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.