SuRo Capital’s (SSSS) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of SuRo Capital (NASDAQ:SSSS) in a research note published on Tuesday,Benzinga reports. They currently have a $6.00 target price on the stock.

SuRo Capital Stock Performance

SSSS stock opened at $5.03 on Tuesday. SuRo Capital has a 52 week low of $3.32 and a 52 week high of $5.44. The company’s 50-day moving average price is $4.35 and its 200 day moving average price is $4.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.32 and a quick ratio of 27.02.

Insider Buying and Selling at SuRo Capital

In other SuRo Capital news, CEO Mark D. Klein purchased 12,000 shares of SuRo Capital stock in a transaction on Tuesday, August 20th. The shares were bought at an average price of $3.84 per share, with a total value of $46,080.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,088,666 shares of the company’s stock, valued at approximately $4,180,477.44. This trade represents a 1.11 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 modified their holdings of the company. Gabelli Funds LLC lifted its stake in shares of SuRo Capital by 139.3% during the second quarter. Gabelli Funds LLC now owns 730,000 shares of the company’s stock valued at $2,927,000 after buying an additional 425,000 shares during the period. Levin Capital Strategies L.P. purchased a new position in shares of SuRo Capital during the second quarter valued at approximately $174,000. Choreo LLC purchased a new position in shares of SuRo Capital during the second quarter valued at approximately $62,000. Acadian Asset Management LLC lifted its stake in shares of SuRo Capital by 91.6% during the second quarter. Acadian Asset Management LLC now owns 131,636 shares of the company’s stock valued at $527,000 after buying an additional 62,950 shares during the period. Finally, EJF Capital LLC lifted its stake in shares of SuRo Capital by 104.2% during the first quarter. EJF Capital LLC now owns 72,711 shares of the company’s stock valued at $331,000 after buying an additional 37,109 shares during the period. Hedge funds and other institutional investors own 12.95% of the company’s stock.

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.