JMP Securities Raises SuRo Capital (NASDAQ:SSSS) Price Target to $6.00

SuRo Capital (NASDAQ:SSSS) had its price target increased by JMP Securities from $5.50 to $6.00 in a research note released on Tuesday, Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Separately, Barrington Research reissued an outperform rating and set a $6.00 target price on shares of SuRo Capital in a research note on Thursday, March 14th.

SuRo Capital Price Performance

NASDAQ SSSS opened at $4.55 on Tuesday. The business has a 50 day simple moving average of $4.10 and a 200 day simple moving average of $4.00. SuRo Capital has a 52-week low of $3.10 and a 52-week high of $4.72. The company has a debt-to-equity ratio of 0.36, a quick ratio of 58.92 and a current ratio of 58.92. The stock has a market cap of $115.34 million, a price-to-earnings ratio of 21.67 and a beta of 1.57.

Hedge Funds Weigh In On SuRo Capital

Several hedge funds have recently made changes to their positions in SSSS. Tower Research Capital LLC TRC bought a new position in shares of SuRo Capital during the 3rd quarter worth approximately $27,000. XTX Topco Ltd bought a new position in shares of SuRo Capital during the 2nd quarter worth approximately $37,000. Belvedere Trading LLC acquired a new stake in shares of SuRo Capital in the 3rd quarter valued at approximately $41,000. Thomas J. Herzfeld Advisors Inc. boosted its holdings in shares of SuRo Capital by 413.2% in the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 14,329 shares of the company’s stock valued at $46,000 after buying an additional 11,537 shares during the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of SuRo Capital in the 2nd quarter valued at approximately $48,000. 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.