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

Barrington Research reiterated their outperform rating on shares of SuRo Capital (NASDAQ:SSSS) in a research note released on Tuesday morning,Benzinga reports. Barrington Research currently has a $6.00 price objective on the stock.

SuRo Capital Price Performance

SSSS opened at $5.03 on Tuesday. The company has a fifty day simple moving average of $4.35 and a 200 day simple moving average of $4.10. SuRo Capital has a twelve month low of $3.32 and a twelve month high of $5.44. The company has a quick ratio of 27.02, a current ratio of 11.32 and a debt-to-equity ratio of 0.47.

Insider Activity at SuRo Capital

In related news, CEO Mark D. Klein acquired 12,000 shares of SuRo Capital stock in a transaction on Tuesday, August 20th. The shares were purchased at an average cost of $3.84 per share, for a total transaction of $46,080.00. Following the purchase, the chief executive officer now directly owns 1,088,666 shares of the company’s stock, valued at $4,180,477.44. The trade was a 1.11 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.97% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SSSS. Choreo LLC bought a new position in SuRo Capital during the 2nd quarter valued at $62,000. Levin Capital Strategies L.P. bought a new position in SuRo Capital during the 2nd quarter valued at $174,000. Acadian Asset Management LLC bought a new position in SuRo Capital during the 1st quarter valued at $311,000. EJF Capital LLC boosted its stake in SuRo Capital by 104.2% during the 1st quarter. EJF Capital LLC now owns 72,711 shares of the company’s stock valued at $331,000 after acquiring an additional 37,109 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in SuRo Capital by 50.6% during the 1st quarter. Gabelli Funds LLC now owns 305,000 shares of the company’s stock valued at $1,388,000 after acquiring an additional 102,500 shares during the last quarter. 12.95% of the stock is currently owned by institutional investors.

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.