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

SuRo Capital (NASDAQ:SSSS)‘s stock had its “outperform” rating reiterated by Barrington Research in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $8.00 target price on the stock. Barrington Research’s price objective would suggest a potential upside of 71.45% from the company’s previous close.

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

SuRo Capital Stock Up 3.2 %

SSSS stock traded up $0.15 during midday trading on Tuesday, hitting $4.67. 52,283 shares of the company’s stock were exchanged, compared to its average volume of 266,814. The stock has a market capitalization of $109.89 million, a price-to-earnings ratio of -2.47 and a beta of 1.61. The firm has a 50 day moving average price of $5.67 and a 200-day moving average price of $5.38. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47. SuRo Capital has a 12-month low of $3.52 and a 12-month high of $6.83.

Institutional Investors Weigh In On SuRo Capital

Large investors have recently added to or reduced their stakes in the stock. HB Wealth Management LLC acquired a new position in shares of SuRo Capital during the fourth quarter valued at $65,000. Millennium Management LLC bought a new stake in SuRo Capital in the 4th quarter valued at about $65,000. Jane Street Group LLC acquired a new position in SuRo Capital during the 4th quarter valued at about $67,000. JPMorgan Chase & Co. boosted its stake in SuRo Capital by 8,025.0% during the 4th quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company’s stock valued at $76,000 after purchasing an additional 12,840 shares during the period. Finally, Legato Capital Management LLC bought a new position in SuRo Capital in the 4th quarter worth about $82,000. 12.95% of the stock is owned by institutional investors and hedge funds.

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.