SuRo Capital Corp. (NASDAQ:SSSS - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 108,600 shares, a growth of 22.7% from the February 28th total of 88,500 shares. Based on an average daily volume of 266,900 shares, the short-interest ratio is currently 0.4 days. Approximately 0.5% of the company's stock are short sold.
Analyst Ratings Changes
A number of equities research analysts have issued reports on SSSS shares. Citigroup reiterated an "outperform" rating on shares of SuRo Capital in a research report on Wednesday, March 12th. Barrington Research reissued an "outperform" rating and set a $8.00 price objective on shares of SuRo Capital in a research report on Wednesday, March 12th.
View Our Latest Analysis on SSSS
Institutional Investors Weigh In On SuRo Capital
Several institutional investors and hedge funds have recently modified their holdings of the business. Arete Wealth Advisors LLC bought a new position in SuRo Capital during the third quarter valued at about $84,000. HB Wealth Management LLC bought a new position in shares of SuRo Capital in the 4th quarter valued at approximately $65,000. Choreo LLC lifted its holdings in SuRo Capital by 16.6% in the 4th quarter. Choreo LLC now owns 19,380 shares of the company's stock worth $117,000 after purchasing an additional 2,764 shares during the last quarter. Legato Capital Management LLC bought a new stake in SuRo Capital during the fourth quarter worth approximately $82,000. Finally, Levin Capital Strategies L.P. grew its holdings in SuRo Capital by 85.5% during the fourth quarter. Levin Capital Strategies L.P. now owns 145,510 shares of the company's stock valued at $856,000 after purchasing an additional 67,049 shares during the last quarter. Institutional investors and hedge funds own 12.95% of the company's stock.
SuRo Capital Stock Down 8.9 %
Shares of NASDAQ SSSS traded down $0.48 during trading hours on Thursday, hitting $4.90. The stock had a trading volume of 203,091 shares, compared to its average volume of 145,115. The firm's 50-day moving average price is $5.75 and its two-hundred day moving average price is $5.35. SuRo Capital has a 52 week low of $3.52 and a 52 week high of $6.83. The company has a market capitalization of $115.40 million, a P/E ratio of -2.59 and a beta of 1.53. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.32 and a current ratio of 11.32.
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.
Further Reading
Before you consider SuRo Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SuRo Capital wasn't on the list.
While SuRo Capital currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
