BTIG Research Reaffirms “Buy” Rating for SURO Capital (NASDAQ:SSSS)

SURO Capital (NASDAQ:SSSS)‘s stock had its “buy” rating reissued by research analysts at BTIG Research in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $10.50 target price on the stock. BTIG Research’s price target would indicate a potential upside of 10.41% from the stock’s current price.

Several other equities research analysts have also commented on SSSS. Weiss Ratings restated a “buy (b-)” rating on shares of SURO Capital in a research report on Monday, December 29th. Wall Street Zen downgraded shares of SURO Capital from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Barrington Research upped their target price on shares of SURO Capital from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Capital One Financial set a $12.00 price target on shares of SURO Capital in a research report on Monday, January 5th. Finally, Lucid Cap Mkts raised SURO Capital to a “strong-buy” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat.com, SURO Capital has an average rating of “Buy” and an average price target of $11.13.

SURO Capital Stock Up 1.4%

SURO Capital stock opened at $9.51 on Tuesday. The stock’s 50 day moving average price is $9.45 and its 200 day moving average price is $9.29. SURO Capital has a 1-year low of $4.21 and a 1-year high of $10.34. The company has a market cap of $238.89 million, a PE ratio of -22.64 and a beta of 1.43. The company has a debt-to-equity ratio of 0.32, a current ratio of 18.48 and a quick ratio of 18.48.

Institutional Investors Weigh In On SURO Capital

Large investors have recently bought and sold shares of the stock. Invesco Ltd. raised its holdings in shares of SURO Capital by 560.4% in the fourth quarter. Invesco Ltd. now owns 99,449 shares of the company’s stock worth $939,000 after acquiring an additional 84,389 shares during the last quarter. Trexquant Investment LP increased its position in SURO Capital by 359.3% during the 4th quarter. Trexquant Investment LP now owns 47,746 shares of the company’s stock worth $451,000 after purchasing an additional 37,351 shares in the last quarter. Royal Bank of Canada raised its stake in SURO Capital by 171.2% in the 4th quarter. Royal Bank of Canada now owns 15,293 shares of the company’s stock valued at $144,000 after purchasing an additional 9,655 shares during the last quarter. Mangrove Partners IM LLC acquired a new stake in shares of SURO Capital during the 4th quarter worth about $497,000. Finally, Heron Bay Capital Management purchased a new stake in shares of SURO Capital during the fourth quarter worth about $137,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

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.