SuRo Capital Corp. (NASDAQ:SSSS - Get Free Report) CEO Mark D. Klein acquired 39,000 shares of the business's stock in a transaction that occurred on Friday, November 29th. The shares were purchased at an average price of $5.20 per share, with a total value of $202,800.00. Following the completion of the transaction, the chief executive officer now owns 1,169,923 shares of the company's stock, valued at $6,083,599.60. The trade was a 3.45 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
SuRo Capital Trading Up 4.1 %
SSSS stock traded up $0.21 during mid-day trading on Friday, hitting $5.30. 142,506 shares of the company were exchanged, compared to its average volume of 90,170. 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 capitalization of $123.91 million, a P/E ratio of -2.80 and a beta of 1.63. The business has a fifty day simple moving average of $4.62 and a 200-day simple moving average of $4.20. SuRo Capital Corp. has a 12-month low of $3.32 and a 12-month high of $5.44.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Choreo LLC purchased a new position in SuRo Capital in the second quarter valued at $62,000. Arete Wealth Advisors LLC acquired a new position in SuRo Capital during the 3rd quarter worth $84,000. Levin Capital Strategies L.P. acquired a new position in SuRo Capital during the 2nd quarter worth $174,000. Acadian Asset Management LLC grew its stake in SuRo Capital by 91.6% during the 2nd 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 in the last quarter. Finally, Gabelli Funds LLC grew its stake in SuRo Capital by 139.3% during 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 in the last quarter. Hedge funds and other institutional investors own 12.95% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Barrington Research reaffirmed an "outperform" rating and set a $6.00 target price on shares of SuRo Capital in a research note on Tuesday, November 12th.
Get Our Latest Stock Analysis on SuRo Capital
About SuRo Capital
(
Get Free Report)
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.
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