Barrington Research Reiterates Outperform Rating for SuRo Capital (NASDAQ:SSSS)

Barrington Research reissued their outperform rating on shares of SuRo Capital (NASDAQ:SSSS) in a research report released on Tuesday morning,Benzinga reports. Barrington Research currently has a $8.00 price objective on the stock.

Separately, Citigroup reissued an “outperform” rating on shares of SuRo Capital in a report on Wednesday, March 12th.

SuRo Capital Stock Down 6.1 %

SSSS stock opened at $4.49 on Tuesday. The stock has a market capitalization of $105.75 million, a P/E ratio of -2.38 and a beta of 1.61. SuRo Capital has a 52 week low of $3.52 and a 52 week high of $6.83. The firm has a 50-day simple moving average of $5.60 and a 200-day simple moving average of $5.38. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47.

Institutional Investors Weigh In On SuRo Capital

Large investors have recently modified their holdings of the business. Arete Wealth Advisors LLC acquired a new position in SuRo Capital during the third quarter worth about $84,000. HB Wealth Management LLC acquired a new position in shares of SuRo Capital during the 4th quarter worth approximately $65,000. Choreo LLC grew its position in shares of SuRo Capital by 16.6% in the fourth quarter. Choreo LLC now owns 19,380 shares of the company’s stock valued at $117,000 after purchasing an additional 2,764 shares in the last quarter. Legato Capital Management LLC acquired a new stake in shares of SuRo Capital in the fourth quarter valued at approximately $82,000. Finally, Levin Capital Strategies L.P. lifted its position in SuRo Capital by 85.5% during the fourth quarter. Levin Capital Strategies L.P. now owns 145,510 shares of the company’s stock worth $856,000 after buying an additional 67,049 shares in the last quarter. Hedge funds and other institutional investors own 12.95% of the company’s stock.

SuRo Capital Company 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.