SuRo Capital (NASDAQ:SSSS) Earns “Outperform” Rating from Barrington Research

SuRo Capital (NASDAQ:SSSS)‘s stock had its “outperform” rating restated by investment analysts at Barrington Research in a report issued on Wednesday,Benzinga reports. They currently have a $8.00 price objective on the stock. Barrington Research’s price objective suggests a potential upside of 43.99% from the company’s previous close.

Separately, Citigroup reaffirmed an “outperform” rating on shares of SuRo Capital in a report on Wednesday.

SuRo Capital Price Performance

SSSS stock traded up $0.29 during trading hours on Wednesday, hitting $5.56. 99,768 shares of the stock traded hands, compared to its average volume of 299,306. The stock has a 50-day simple moving average of $5.88 and a 200 day simple moving average of $5.17. The company has a market cap of $131.13 million, a P/E ratio of -2.94 and a beta of 1.53. SuRo Capital has a one year low of $3.52 and a one year high of $6.83. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47.

Hedge Funds Weigh In On SuRo Capital

Several institutional investors and hedge funds have recently bought and sold shares of SSSS. Choreo LLC lifted its position in shares of SuRo Capital by 16.6% in the fourth quarter. Choreo LLC now owns 19,380 shares of the company’s stock worth $117,000 after purchasing an additional 2,764 shares in the last quarter. Bank of America Corp DE lifted its position in SuRo Capital by 11.2% in the 4th quarter. Bank of America Corp DE now owns 30,626 shares of the company’s stock worth $180,000 after buying an additional 3,092 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of SuRo Capital during the 4th quarter valued at $65,000. Millennium Management LLC acquired a new stake in shares of SuRo Capital during the 4th quarter valued at $65,000. Finally, Jane Street Group LLC purchased a new position in shares of SuRo Capital during the 4th quarter valued at $67,000. Hedge funds and other institutional investors own 12.95% of the company’s stock.

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.