SuRo Capital Corp. (NASDAQ:SSSS) Shares Acquired by Thomas J. Herzfeld Advisors Inc.

Thomas J. Herzfeld Advisors Inc. raised its position in shares of SuRo Capital Corp. (NASDAQ:SSSS - Free Report) by 24.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,357,409 shares of the company's stock after acquiring an additional 268,899 shares during the quarter. SuRo Capital makes up about 2.6% of Thomas J. Herzfeld Advisors Inc.'s holdings, making the stock its 6th largest holding. Thomas J. Herzfeld Advisors Inc. owned 5.75% of SuRo Capital worth $7,982,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HB Wealth Management LLC acquired a new stake in SuRo Capital in the 4th quarter valued at approximately $65,000. JPMorgan Chase & Co. lifted its stake in SuRo Capital by 8,025.0% during the fourth quarter. JPMorgan Chase & Co. now owns 13,000 shares of the company's stock worth $76,000 after purchasing an additional 12,840 shares during the last quarter. Legato Capital Management LLC purchased a new stake in shares of SuRo Capital during the 4th quarter worth approximately $82,000. Arete Wealth Advisors LLC acquired a new position in SuRo Capital in the third quarter valued at $84,000. Finally, Choreo LLC boosted its position in shares of SuRo Capital by 16.6% in the 4th quarter. Choreo LLC now owns 19,380 shares of the company's stock valued at $117,000 after purchasing an additional 2,764 shares during the period. Hedge funds and other institutional investors own 12.95% of the company's stock.

Analyst Ratings Changes

SSSS has been the subject of a number of analyst reports. Barrington Research restated an "outperform" rating and set a $8.00 price objective on shares of SuRo Capital in a research report on Wednesday, March 12th. Citigroup restated an "outperform" rating on shares of SuRo Capital in a research report on Wednesday, March 12th.

Remove Ads

SuRo Capital Trading Down 8.9 %

NASDAQ SSSS traded down $0.48 during mid-day trading on Thursday, hitting $4.90. The company's stock had a trading volume of 203,091 shares, compared to its average volume of 145,568. The company has a debt-to-equity ratio of 0.47, a current ratio of 11.32 and a quick ratio of 11.32. The firm has a market capitalization of $115.40 million, a P/E ratio of -2.59 and a beta of 1.53. The stock's fifty day simple moving average is $5.75 and its two-hundred day simple moving average is $5.35. SuRo Capital Corp. has a 52-week low of $3.52 and a 52-week high of $6.83.

SuRo Capital Company Profile

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.