Short Interest in Neostellar Capital (NASDAQ:NSLR) Expands By 47.9%

Neostellar Capital (NASDAQ:NSLR) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 575,448 shares, a growth of 47.9% from the July 15th total of 389,000 shares. Based on an average trading volume of 261,652 shares, the short-interest ratio is presently 2.2 days. Approximately 2.4% of the shares of the company are sold short.

Neostellar Capital Trading Down 0.5%

Shares of NASDAQ:NSLR opened at $10.09 on Thursday. The company has a market cap of $267.08 million, a P/E ratio of 2.50 and a beta of 1.44. The company has a quick ratio of 6.76, a current ratio of 6.76 and a debt-to-equity ratio of 0.17. Neostellar Capital has a 12-month low of $8.46 and a 12-month high of $14.98.

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

Analysts Set New Price Targets

Several research firms have recently commented on NSLR. Wall Street Zen lowered shares of Neostellar Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Barrington Research set a $16.00 target price on shares of Neostellar Capital in a report on Thursday, August 6th. Weiss Ratings downgraded shares of Neostellar Capital from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Finally, BTIG Research reissued a “buy” rating and set a $15.00 price objective on shares of Neostellar Capital in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $14.50.

Insider Buying and Selling

In other news, CEO Mark D. Klein acquired 26,040 shares of Neostellar Capital stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $9.60 per share, for a total transaction of $249,984.00. Following the completion of the transaction, the chief executive officer owned 1,758,796 shares in the company, valued at $16,884,441.60. The trade was a 1.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.32% of the company’s stock.

Institutional Trading of Neostellar Capital

Several institutional investors and hedge funds have recently modified their holdings of NSLR. Two Sigma Investments LP boosted its stake in Neostellar Capital by 189.9% in the 3rd quarter. Two Sigma Investments LP now owns 211,905 shares of the company’s stock worth $1,907,000 after purchasing an additional 138,818 shares during the period. Jane Street Group LLC raised its position in shares of Neostellar Capital by 102.1% during the fourth quarter. Jane Street Group LLC now owns 251,035 shares of the company’s stock valued at $2,370,000 after buying an additional 126,796 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Neostellar Capital by 98.9% in the fourth quarter. LPL Financial LLC now owns 174,810 shares of the company’s stock worth $1,650,000 after buying an additional 86,926 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Neostellar Capital by 560.4% in the fourth quarter. Invesco Ltd. now owns 99,449 shares of the company’s stock worth $939,000 after buying an additional 84,389 shares in the last quarter. Finally, Mangrove Partners IM LLC purchased a new position in shares of Neostellar Capital in the fourth quarter worth $497,000. 12.95% of the stock is currently owned by 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.