Neostellar Capital (NASDAQ:NSLR) Announces Earnings Results

Neostellar Capital (NASDAQ:NSLR) announced its quarterly earnings data on Tuesday. The company reported ($0.15) earnings per share (EPS) for the quarter, Zacks reports. Neostellar Capital had a net margin of 6,053.56% and a negative return on equity of 12.63%.

Neostellar Capital Price Performance

NSLR stock traded down $0.08 during midday trading on Tuesday, reaching $5.93. 219,408 shares of the company’s stock traded hands, compared to its average volume of 298,074. The company has a market cap of $156.98 million, a P/E ratio of 1.47 and a beta of 1.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.76 and a quick ratio of 6.76. Neostellar Capital has a fifty-two week low of $5.72 and a fifty-two week high of $14.98. The stock’s 50-day simple moving average is $7.92.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Barrington Research set a $13.00 target price on Neostellar Capital in a research report on Tuesday, October 20th. Weiss Ratings downgraded Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. Citizens Jmp lowered their target price on Neostellar Capital from $15.00 to $13.00 and set a “market outperform” rating on the stock in a report on Monday, October 26th. BTIG Research decreased their price objective on Neostellar Capital from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Finally, Wall Street Zen downgraded shares of Neostellar Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $13.00.

Insider Transactions at Neostellar Capital

In other Neostellar Capital news, Director Erik A. Falk purchased 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average cost of $10.22 per share, with a total value of $511,000.00. Following the transaction, the director owned 50,000 shares in the company, valued at approximately $511,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark Klein bought 5,000 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was bought at an average cost of $7.91 per share, with a total value of $39,550.00. Following the transaction, the chief executive officer directly owned 1,763,796 shares of the company’s stock, valued at approximately $13,951,626.36. This trade represents a 0.28% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 81,040 shares of company stock valued at $800,534 over the last 90 days. Corporate insiders own 8.32% 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.