SuRo Capital (NASDAQ:SSSS) Price Target Raised to $8.00

SuRo Capital (NASDAQ:SSSS - Get Free Report) had its price objective boosted by equities research analysts at Barrington Research from $6.00 to $8.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Barrington Research's target price would indicate a potential upside of 25.79% from the company's current price.

SuRo Capital Stock Up 0.3 %

NASDAQ SSSS traded up $0.02 during midday trading on Tuesday, hitting $6.36. 141,744 shares of the company traded hands, compared to its average volume of 193,619. The company has a market cap of $150.10 million, a PE ratio of -3.36 and a beta of 1.61. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.32 and a quick ratio of 11.32. SuRo Capital has a 52 week low of $3.32 and a 52 week high of $6.74. The company's 50-day simple moving average is $5.69 and its 200-day simple moving average is $4.68.

Insider Activity at SuRo Capital

In other news, 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, with a total value of $50,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,098,666 shares of the company's stock, valued at $5,526,289.98. The trade was a 0.92 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Allison Green purchased 9,100 shares of the stock in a transaction dated Monday, December 2nd. The stock was purchased at an average cost of $5.48 per share, for a total transaction of $49,868.00. Following the completion of the purchase, the insider now directly owns 136,734 shares of the company's stock, valued at approximately $749,302.32. The trade was a 7.13 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 58,843 shares of company stock worth $307,047 in the last 90 days. Corporate insiders own 5.97% of the company's stock.

Institutional Trading of SuRo Capital

Several large investors have recently bought and sold shares of SSSS. HB Wealth Management LLC purchased a new position in SuRo Capital during the fourth quarter worth approximately $65,000. Arete Wealth Advisors LLC purchased a new stake in shares of SuRo Capital in the third quarter valued at about $84,000. Finally, Gabelli Funds LLC grew its stake in shares of SuRo Capital by 139.3% in the 2nd quarter. Gabelli Funds LLC now owns 730,000 shares of the company's stock valued at $2,927,000 after buying an additional 425,000 shares during the period. Hedge funds and other institutional investors own 12.95% of the company's stock.

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.