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

SURO Capital Corp. (NASDAQ:SSSS) has earned an average rating of “Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $15.00.

Several analysts recently commented on SSSS shares. Citizens Jmp increased their target price on shares of SURO Capital from $13.00 to $15.00 and gave the company a “market outperform” rating in a research note on Thursday, April 9th. BTIG Research lifted their price target on shares of SURO Capital from $12.50 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Citigroup reaffirmed an “outperform” rating on shares of SURO Capital in a report on Thursday, April 9th. Weiss Ratings upgraded SURO Capital from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen raised SURO Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th.

Hedge Funds Weigh In On SURO Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tactive Advisors LLC increased its stake in SURO Capital by 66.5% in the 2nd quarter. Tactive Advisors LLC now owns 30,311 shares of the company’s stock worth $380,000 after purchasing an additional 12,111 shares in the last quarter. Gabelli Funds LLC boosted its holdings in shares of SURO Capital by 3.3% in the first quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock worth $13,967,000 after buying an additional 41,894 shares during the period. Private Advisor Group LLC increased its position in shares of SURO Capital by 51.4% in the first quarter. Private Advisor Group LLC now owns 69,034 shares of the company’s stock worth $739,000 after acquiring an additional 23,446 shares in the last quarter. Ritholtz Wealth Management raised its holdings in shares of SURO Capital by 13.4% during the first quarter. Ritholtz Wealth Management now owns 24,264 shares of the company’s stock valued at $260,000 after acquiring an additional 2,862 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of SURO Capital by 560.4% during the fourth quarter. Invesco Ltd. now owns 99,449 shares of the company’s stock valued at $939,000 after acquiring an additional 84,389 shares during the period. Institutional investors and hedge funds own 12.95% of the company’s stock.

SURO Capital Stock Performance

NASDAQ:SSSS opened at $12.80 on Thursday. SURO Capital has a twelve month low of $8.01 and a twelve month high of $14.98. The company has a current ratio of 24.38, a quick ratio of 24.38 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $13.18 and a 200-day moving average of $11.63. The firm has a market cap of $333.70 million, a price-to-earnings ratio of 1.83 and a beta of 1.39.

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.