SuRo Capital (NASDAQ:SSSS) Receives Outperform Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of SuRo Capital (NASDAQ:SSSS) in a report released on Thursday morning, Benzinga reports. They currently have a $6.00 target price on the stock.

Separately, JMP Securities increased their price target on SuRo Capital from $5.50 to $6.00 and gave the company a market outperform rating in a research report on Tuesday, March 26th.

SuRo Capital Price Performance

SuRo Capital stock opened at $3.87 on Thursday. The company has a quick ratio of 58.92, a current ratio of 58.92 and a debt-to-equity ratio of 0.36. SuRo Capital has a 52-week low of $3.10 and a 52-week high of $4.72. The firm has a market cap of $98.10 million, a PE ratio of 18.43 and a beta of 1.56. The company’s 50 day moving average is $4.22 and its two-hundred day moving average is $4.05.

SuRo Capital (NASDAQ:SSSS) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $2.46 million during the quarter. SuRo Capital had a net margin of 76.81% and a negative return on equity of 6.58%.

Institutional Investors Weigh In On SuRo Capital

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James & Associates purchased a new position in SuRo Capital in the first quarter valued at $90,000. BlackRock Inc. raised its position in shares of SuRo Capital by 9.4% during the 1st quarter. BlackRock Inc. now owns 164,752 shares of the company’s stock worth $1,422,000 after acquiring an additional 14,224 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of SuRo Capital by 51.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 9,567 shares of the company’s stock worth $88,000 after acquiring an additional 3,232 shares in the last quarter. Mackenzie Financial Corp lifted its stake in SuRo Capital by 15.0% during the first quarter. Mackenzie Financial Corp now owns 137,224 shares of the company’s stock worth $1,184,000 after purchasing an additional 17,921 shares during the last quarter. Finally, UBS Group AG boosted its holdings in SuRo Capital by 74.3% in the first quarter. UBS Group AG now owns 69,145 shares of the company’s stock valued at $597,000 after purchasing an additional 29,474 shares in the last quarter. 12.95% of the stock is currently owned by institutional investors and hedge funds.

About SuRo Capital

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.