Neostellar Capital (NASDAQ:NSLR) Stock Gets Price Target Reduction from Citizens Jmp

Neostellar Capital (NASDAQ:NSLR) had its price target trimmed by Citizens Jmp from $15.00 to $13.00 in a research note published on Monday,Benzinga reports. The firm currently has a market outperform rating on the stock.

Other equities research analysts have also recently issued reports about the company. Barrington Research set a $13.00 price objective on Neostellar Capital in a report on Tuesday, October 20th. Wall Street Zen cut Neostellar Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings cut Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 18th. Finally, BTIG Research decreased their target price on Neostellar Capital from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. One equities research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $13.00.

Neostellar Capital Stock Up 3.8%

NSLR opened at $6.05 on Monday. 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 has a market capitalization of $160.16 million, a P/E ratio of 1.50 and a beta of 1.47. Neostellar Capital has a 52-week low of $5.72 and a 52-week high of $14.98. The firm’s fifty day moving average is $8.16.

Neostellar Capital (NASDAQ:NSLR) last announced its earnings results on Wednesday, August 5th. The company reported ($0.90) earnings per share (EPS) for the quarter. Neostellar Capital had a net margin of 6,053.56% and a negative return on equity of 12.63%. The company had revenue of $0.30 million during the quarter.

Insiders Place Their Bets

In other Neostellar Capital news, CEO Mark Klein bought 5,000 shares of the stock in a transaction on Monday, September 21st. The shares were bought at an average price of $7.91 per share, with a total value of $39,550.00. Following the purchase, the chief executive officer directly owned 1,763,796 shares in the company, valued at $13,951,626.36. This trade represents a 0.28% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ronald M. Lott sold 5,085 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $9.96, for a total transaction of $50,646.60. Following the sale, the director directly owned 16,432 shares of the company’s stock, valued at $163,662.72. The trade was a 23.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired a total of 81,040 shares of company stock valued at $800,534 in the last 90 days. 8.32% of the stock is owned by insiders.

Hedge Funds Weigh In On Neostellar Capital

Several hedge funds and other institutional investors have recently modified their holdings of NSLR. Ritholtz Wealth Management boosted its position in Neostellar Capital by 13.4% during the first quarter. Ritholtz Wealth Management now owns 24,264 shares of the company’s stock worth $260,000 after acquiring an additional 2,862 shares during the last quarter. Byrne Asset Management LLC grew its stake in Neostellar Capital by 24.0% during the 3rd quarter. Byrne Asset Management LLC now owns 26,220 shares of the company’s stock valued at $196,000 after acquiring an additional 5,070 shares in the last quarter. Tactive Advisors LLC grew its stake in Neostellar Capital by 66.5% during the 2nd quarter. Tactive Advisors LLC now owns 30,311 shares of the company’s stock valued at $380,000 after acquiring an additional 12,111 shares in the last quarter. Private Advisor Group LLC raised its holdings in Neostellar Capital by 51.4% in the 1st quarter. Private Advisor Group LLC now owns 69,034 shares of the company’s stock valued at $739,000 after acquiring an additional 23,446 shares during the last quarter. Finally, MGO One Seven LLC raised its holdings in Neostellar Capital by 13.6% in the 3rd quarter. MGO One Seven LLC now owns 293,428 shares of the company’s stock valued at $2,256,000 after acquiring an additional 35,184 shares during the last quarter. 12.95% of the stock is owned by hedge funds and other institutional investors.

Neostellar Capital Company Profile

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.