Analysts Set Neostellar Capital (NASDAQ:NSLR) PT at $14.50

Shares of Neostellar Capital (NASDAQ:NSLR) have been assigned a consensus rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.50.

Several analysts have weighed in on NSLR shares. BTIG Research reaffirmed a “buy” rating and set a $15.00 price objective on shares of Neostellar Capital in a research report on Friday, July 10th. Weiss Ratings cut Neostellar Capital from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, August 14th. Barrington Research set a $16.00 price target on Neostellar Capital in a research report on Thursday, August 6th. Finally, Wall Street Zen lowered Neostellar Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th.

Neostellar Capital Stock Down 0.9%

Shares of NSLR stock opened at $10.20 on Monday. 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 52 week low of $8.46 and a 52 week high of $14.98. The firm has a market capitalization of $269.99 million, a P/E ratio of 2.53 and a beta of 1.44.

Neostellar Capital (NASDAQ:NSLR) last announced its quarterly 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 for the quarter.

Insider Buying and Selling at Neostellar Capital

In other Neostellar Capital news, Director Erik A. Falk bought 50,000 shares of Neostellar Capital stock in a transaction dated Wednesday, August 26th. The shares were purchased at an average cost of $10.22 per share, with a total value of $511,000.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at $511,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark D. Klein purchased 26,040 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $9.60 per share, with a total value 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. This trade represents a 1.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 8.32% of the company’s stock.

Hedge Funds Weigh In On Neostellar Capital

A number of institutional investors and hedge funds have recently made changes to their positions in NSLR. Two Sigma Investments LP boosted its position in shares of 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 in the last quarter. Jane Street Group LLC increased its position in Neostellar Capital by 102.1% during the 4th 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 in the last quarter. LPL Financial LLC raised its stake in Neostellar Capital by 98.9% during the fourth quarter. LPL Financial LLC now owns 174,810 shares of the company’s stock valued at $1,650,000 after buying an additional 86,926 shares during the last quarter. Invesco Ltd. grew its stake 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 acquiring an additional 84,389 shares during the last quarter. Finally, Mangrove Partners IM LLC bought a new stake in Neostellar Capital during the 4th quarter valued at about $497,000. Institutional investors own 12.95% of the company’s stock.

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.