SuRo Capital Corp. (NASDAQ:SSSS) CEO Mark D. Klein Buys 39,000 Shares of Stock

SuRo Capital Corp. (NASDAQ:SSSS) CEO Mark D. Klein acquired 39,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was purchased at an average cost of $5.20 per share, with a total value of $202,800.00. Following the transaction, the chief executive officer now owns 1,169,923 shares in the company, valued at approximately $6,083,599.60. This trade represents a 3.45 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

SuRo Capital Stock Up 4.1 %

SSSS opened at $5.30 on Friday. The stock’s fifty day simple moving average is $4.62 and its 200 day simple moving average is $4.20. SuRo Capital Corp. has a 1-year low of $3.32 and a 1-year high of $5.44. The stock has a market cap of $123.91 million, a PE ratio of -2.80 and a beta of 1.63. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On SuRo Capital

Large investors have recently modified their holdings of the stock. Choreo LLC bought a new stake in shares of SuRo Capital during the 2nd quarter worth about $62,000. Arete Wealth Advisors LLC acquired a new stake in SuRo Capital during the third quarter worth approximately $84,000. Levin Capital Strategies L.P. bought a new stake in shares of SuRo Capital during the second quarter worth approximately $174,000. Acadian Asset Management LLC grew its position 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 purchasing an additional 62,950 shares during the last quarter. Finally, Gabelli Funds LLC grew its position 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 purchasing an additional 425,000 shares during the last quarter. 12.95% of the stock is owned by institutional investors.

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.