Levin Capital Strategies L.P. Makes New Investment in SuRo Capital Corp. (NASDAQ:SSSS)

Levin Capital Strategies L.P. bought a new stake in SuRo Capital Corp. (NASDAQ:SSSS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 43,461 shares of the company’s stock, valued at approximately $174,000. Levin Capital Strategies L.P. owned approximately 0.19% of SuRo Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in SSSS. Gabelli Funds LLC increased its position in SuRo Capital by 125.0% in the 4th quarter. Gabelli Funds LLC now owns 202,500 shares of the company’s stock valued at $798,000 after acquiring an additional 112,500 shares in the last quarter. Bulldog Investors LLP increased its holdings in shares of SuRo Capital by 15.1% in the fourth quarter. Bulldog Investors LLP now owns 152,373 shares of the company’s stock valued at $600,000 after purchasing an additional 20,011 shares in the last quarter. Quadrature Capital Ltd bought a new position in SuRo Capital in the 4th quarter worth approximately $184,000. Wellington Shields & Co. LLC lifted its holdings in SuRo Capital by 35.0% during the 1st quarter. Wellington Shields & Co. LLC now owns 30,290 shares of the company’s stock worth $138,000 after buying an additional 7,852 shares in the last quarter. Finally, Deuterium Capital Management LLC boosted its position in SuRo Capital by 408.0% in the 1st quarter. Deuterium Capital Management LLC now owns 213,200 shares of the company’s stock valued at $970,000 after buying an additional 171,235 shares during the last quarter. 12.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Mark D. Klein bought 12,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was bought at an average cost of $3.84 per share, for a total transaction of $46,080.00. Following the transaction, the chief executive officer now owns 1,088,666 shares of the company’s stock, valued at $4,180,477.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.97% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research restated an “outperform” rating and set a $6.00 target price on shares of SuRo Capital in a research report on Friday, July 12th.

SuRo Capital Stock Down 0.5 %

Shares of NASDAQ SSSS opened at $3.86 on Tuesday. The company has a current ratio of 27.02, a quick ratio of 27.02 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $90.14 million, a PE ratio of -4.71 and a beta of 1.66. The firm’s 50-day moving average is $3.92 and its 200-day moving average is $4.05. SuRo Capital Corp. has a 1 year low of $3.32 and a 1 year high of $4.72.

SuRo Capital (NASDAQ:SSSS) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.15) earnings per share for the quarter. SuRo Capital had a negative net margin of 256.84% and a negative return on equity of 6.47%. The company had revenue of $1.03 million during the quarter.

SuRo Capital Profile

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.