SuRo Capital (NASDAQ:SSSS) Price Target Lowered to $15.00 at Barrington Research

SuRo Capital (NASDAQ:SSSS) had its price target reduced by Barrington Research from $16.00 to $15.00 in a report released on Friday, The Fly reports.

SSSS has been the topic of several other reports. JMP Securities lowered their target price on SuRo Capital from $18.50 to $18.00 and set a market outperform rating on the stock in a research report on Monday, November 8th. Zacks Investment Research upgraded SuRo Capital from a strong sell rating to a hold rating in a research report on Thursday, October 7th.

Shares of SSSS opened at $12.91 on Friday. SuRo Capital has a one year low of $11.29 and a one year high of $16.40. The firm has a market capitalization of $371.55 million, a P/E ratio of 1.41 and a beta of 1.97. The business has a fifty day moving average of $12.95 and a 200 day moving average of $13.12.

SuRo Capital (NASDAQ:SSSS) last released its earnings results on Wednesday, November 3rd. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $0.52 million for the quarter. SuRo Capital had a net margin of 10,823.94% and a negative return on equity of 2.83%.

The firm also recently announced a — dividend, which was paid on Friday, January 14th. Stockholders of record on Friday, December 31st were paid a dividend of $0.75 per share. This is a boost from SuRo Capital’s previous — dividend of $0.25. The ex-dividend date was Thursday, December 30th. This represents a dividend yield of 46.2%. SuRo Capital’s dividend payout ratio is currently 87.15%.

In other news, insider Allison Green bought 5,860 shares of the business’s stock in a transaction that occurred on Wednesday, December 22nd. The shares were purchased at an average cost of $12.76 per share, with a total value of $74,773.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark D. Klein bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 13th. The stock was purchased at an average cost of $11.76 per share, for a total transaction of $117,600.00. The disclosure for this purchase can be found here. 2.28% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of SSSS. Marshall Wace North America L.P. lifted its stake in SuRo Capital by 634.8% in the 2nd quarter. Marshall Wace North America L.P. now owns 542,129 shares of the company’s stock valued at $7,314,000 after buying an additional 468,346 shares in the last quarter. Millennium Management LLC purchased a new position in SuRo Capital in the 2nd quarter worth approximately $3,006,000. Lokken Investment Group LLC raised its position in shares of SuRo Capital by 4.9% during the 3rd quarter. Lokken Investment Group LLC now owns 29,850 shares of the company’s stock valued at $385,000 after buying an additional 1,401 shares during the period. Mackenzie Financial Corp raised its position in shares of SuRo Capital by 116.0% during the 2nd quarter. Mackenzie Financial Corp now owns 75,676 shares of the company’s stock valued at $1,021,000 after buying an additional 40,633 shares during the period. Finally, Caxton Associates LP purchased a new stake in shares of SuRo Capital during the 2nd quarter valued at approximately $641,000. Hedge funds and other institutional investors own 27.40% of the company’s stock.

About SuRo Capital

Sutter Rock Capital Corp. is specializing in growth capital, B round and beyond, emerging growth, and pre-IPO investments in late stage venture-backed private companies. It makes direct (primary rounds) investments in companies and also makes secondary direct investments. The fund operates as a Business development Company.

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