Insider Buying: SURO Capital Corp. (NASDAQ:SSSS) CEO Acquires 10,000 Shares of Stock

SURO Capital Corp. (NASDAQ:SSSS - Get Free Report) CEO Mark D. Klein bought 10,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was bought at an average cost of $8.45 per share, with a total value of $84,500.00. Following the completion of the transaction, the chief executive officer owned 1,530,590 shares in the company, valued at approximately $12,933,485.50. This trade represents a 0.66% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

SURO Capital Stock Performance

Shares of SSSS stock opened at $8.62 on Wednesday. The company has a 50 day moving average price of $8.14 and a 200-day moving average price of $6.41. The company has a quick ratio of 22.50, a current ratio of 22.50 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $205.93 million, a PE ratio of -4.56 and a beta of 1.80. SURO Capital Corp. has a 52 week low of $3.71 and a 52 week high of $9.12.

SURO Capital (NASDAQ:SSSS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.01. SURO Capital had a net margin of 2,015.55% and a negative return on equity of 6.10%. The business had revenue of $0.17 million for the quarter, compared to the consensus estimate of $0.50 million.

SURO Capital Cuts Dividend

The company also recently declared a -- dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 21st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, July 21st. SURO Capital's payout ratio is currently -52.91%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SSSS shares. Wall Street Zen raised shares of SURO Capital from a "hold" rating to a "strong-buy" rating in a research report on Saturday. Citigroup reissued an "outperform" rating on shares of SURO Capital in a research report on Wednesday, July 16th. BTIG Research set a $10.00 price target on shares of SURO Capital and gave the company a "buy" rating in a research report on Tuesday, July 1st. JMP Securities raised their price objective on shares of SURO Capital from $8.00 to $10.00 and gave the company a "market outperform" rating in a research note on Wednesday, July 16th. Finally, Barrington Research raised their price objective on shares of SURO Capital from $9.00 to $10.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $10.00.

Read Our Latest Analysis on SSSS

Hedge Funds Weigh In On SURO Capital

Several large investors have recently added to or reduced their stakes in the company. Wolverine Trading LLC purchased a new position in shares of SURO Capital in the fourth quarter worth $414,000. Marshall Wace LLP purchased a new position in shares of SURO Capital in the fourth quarter worth $461,000. Harbor Capital Advisors Inc. purchased a new position in shares of SURO Capital in the first quarter worth $867,000. J. Goldman & Co LP purchased a new position in shares of SURO Capital in the fourth quarter worth $3,592,000. Finally, Gabelli Funds LLC lifted its holdings in shares of SURO Capital by 22.3% in the fourth quarter. Gabelli Funds LLC now owns 1,164,500 shares of the company's stock worth $6,847,000 after buying an additional 212,000 shares in the last quarter. Hedge funds and other institutional investors own 12.95% of the company's stock.

SURO Capital Company Profile

(Get Free Report)

SuRo Capital Corp. is a business development company. The firm seeks to invest in growth capital, late stage and venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California with additional office in New York, New York.

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