Insider Buying: SuRo Capital Corp. (NASDAQ:SSSS) CEO Purchases 10,000 Shares of Stock

SuRo Capital Corp. (NASDAQ:SSSS) CEO Mark D. Klein bought 10,000 shares of SuRo Capital stock in a transaction that occurred on Tuesday, November 26th. The stock was bought at an average price of $5.03 per share, with a total value of $50,300.00. Following the purchase, the chief executive officer now owns 1,098,666 shares of the company’s stock, valued at $5,526,289.98. This trade represents a 0.92 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

SuRo Capital Price Performance

SSSS traded up $0.21 during midday trading on Friday, reaching $5.30. 142,506 shares of the company’s stock were exchanged, compared to its average volume of 90,170. The firm has a market capitalization of $123.91 million, a price-to-earnings ratio of -2.80 and a beta of 1.63. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47. SuRo Capital Corp. has a one year low of $3.32 and a one year high of $5.44. The business has a 50-day simple moving average of $4.62 and a two-hundred day simple moving average of $4.20.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and set a $6.00 price target on shares of SuRo Capital in a research note on Tuesday, November 12th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Arete Wealth Advisors LLC bought a new position in shares of SuRo Capital in the third quarter valued at approximately $84,000. Gabelli Funds LLC raised its stake in shares of SuRo Capital by 139.3% in the second quarter. Gabelli Funds LLC now owns 730,000 shares of the company’s stock valued at $2,927,000 after acquiring an additional 425,000 shares during the last quarter. Levin Capital Strategies L.P. bought a new position in shares of SuRo Capital in the second quarter valued at approximately $174,000. Choreo LLC bought a new position in shares of SuRo Capital in the second quarter valued at approximately $62,000. Finally, Acadian Asset Management LLC raised its stake in shares of SuRo Capital by 91.6% in the second quarter. Acadian Asset Management LLC now owns 131,636 shares of the company’s stock valued at $527,000 after acquiring an additional 62,950 shares during the last quarter. Institutional investors own 12.95% of the company’s stock.

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.