Insider Buying: SuRo Capital Corp. (NASDAQ:SSSS) CEO Acquires 10,000 Shares of Stock

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

SuRo Capital Stock Performance

NASDAQ:SSSS opened at $5.30 on Monday. SuRo Capital Corp. has a fifty-two week low of $3.32 and a fifty-two week high of $5.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.32 and a current ratio of 11.32. The company has a 50 day moving average price of $4.62 and a 200 day moving average price of $4.20. The stock has a market capitalization of $123.91 million, a P/E ratio of -2.80 and a beta of 1.63.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Choreo LLC purchased a new stake in shares of SuRo Capital in the 2nd quarter valued at $62,000. Arete Wealth Advisors LLC acquired a new position in SuRo Capital in the 3rd quarter valued at about $84,000. Levin Capital Strategies L.P. acquired a new position in SuRo Capital in the 2nd quarter valued at about $174,000. Acadian Asset Management LLC increased its stake in 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 purchasing an additional 62,950 shares during the period. Finally, Gabelli Funds LLC lifted its position 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 worth $2,927,000 after purchasing an additional 425,000 shares in the last quarter. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and issued a $6.00 price objective 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.