SuRo Capital Corp. (NASDAQ:SSSS) Sees Significant Decline in Short Interest

SuRo Capital Corp. (NASDAQ:SSSS) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 108,800 shares, a decline of 18.7% from the October 15th total of 133,900 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 116,200 shares, the short-interest ratio is presently 0.9 days.

Insider Buying and Selling at SuRo Capital

In other SuRo Capital news, CEO Mark D. Klein purchased 12,000 shares of the stock in a transaction dated Tuesday, August 20th. The stock was bought at an average price of $3.84 per share, with a total value of $46,080.00. Following the acquisition, the chief executive officer now owns 1,088,666 shares of the company’s stock, valued at approximately $4,180,477.44. This represents a 1.11 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.97% of the company’s stock.

Hedge Funds Weigh In On SuRo Capital

Several institutional investors and hedge funds have recently bought and sold shares of the company. Gabelli Funds LLC boosted its holdings in shares of SuRo Capital by 139.3% in the second quarter. Gabelli Funds LLC now owns 730,000 shares of the company’s stock worth $2,927,000 after acquiring an additional 425,000 shares during the period. Acadian Asset Management LLC increased its position in shares of SuRo Capital by 91.6% in the second quarter. Acadian Asset Management LLC now owns 131,636 shares of the company’s stock worth $527,000 after purchasing an additional 62,950 shares during the last quarter. EJF Capital LLC increased its position in shares of SuRo Capital by 104.2% in the first quarter. EJF Capital LLC now owns 72,711 shares of the company’s stock worth $331,000 after purchasing an additional 37,109 shares during the last quarter. Levin Capital Strategies L.P. bought a new position in shares of SuRo Capital in the 2nd quarter worth $174,000. Finally, Choreo LLC bought a new position in shares of SuRo Capital in the 2nd quarter worth $62,000. 12.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and issued a $6.00 price target on shares of SuRo Capital in a research report on Tuesday, November 12th.

SuRo Capital Trading Down 4.2 %

Shares of SuRo Capital stock traded down $0.21 on Friday, hitting $4.82. 195,535 shares of the company’s stock traded hands, compared to its average volume of 166,686. The company has a fifty day moving average of $4.39 and a two-hundred day moving average of $4.12. SuRo Capital has a one year low of $3.32 and a one year high of $5.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.32 and a quick ratio of 27.02. The company has a market capitalization of $112.69 million, a price-to-earnings ratio of -2.55 and a beta of 1.63.

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.