Mark D. Klein Acquires 10,000 Shares of SuRo Capital Corp. (NASDAQ:SSSS) Stock

SuRo Capital Corp. (NASDAQ:SSSS) CEO Mark D. Klein bought 10,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was bought at an average cost of $5.03 per share, for a total transaction of $50,300.00. Following the completion of the purchase, the chief executive officer now directly owns 1,098,666 shares of the company’s stock, valued at $5,526,289.98. This represents a 0.92 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

SuRo Capital Trading Up 4.1 %

Shares of SSSS stock opened at $5.30 on Friday. The business has a 50-day moving average price of $4.62 and a two-hundred day moving average price of $4.20. SuRo Capital Corp. has a 12-month low of $3.32 and a 12-month high of $5.44. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47. The firm has a market cap of $123.91 million, a P/E ratio of -2.80 and a beta of 1.63.

Institutional Trading of SuRo Capital

A number of hedge funds have recently bought and sold shares of SSSS. Acadian Asset Management LLC raised 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 worth $527,000 after acquiring an additional 62,950 shares in the last quarter. Choreo LLC purchased a new stake in shares of SuRo Capital in the 2nd quarter valued at $62,000. Levin Capital Strategies L.P. bought a new position in shares of SuRo Capital during the 2nd quarter valued at $174,000. Gabelli Funds LLC raised its position in SuRo Capital by 139.3% in the 2nd quarter. Gabelli Funds LLC now owns 730,000 shares of the company’s stock worth $2,927,000 after purchasing an additional 425,000 shares during the period. Finally, Arete Wealth Advisors LLC bought a new stake in SuRo Capital in the third quarter worth $84,000. Institutional investors own 12.95% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.