SuRo Capital Corp. (NASDAQ:SSSS) CEO Acquires $202,800.00 in Stock

SuRo Capital Corp. (NASDAQ:SSSS) CEO Mark D. Klein purchased 39,000 shares of the stock in a transaction on Friday, November 29th. The shares were purchased at an average cost of $5.20 per share, for a total transaction of $202,800.00. Following the acquisition, the chief executive officer now directly owns 1,169,923 shares of the company’s stock, valued at approximately $6,083,599.60. This represents a 3.45 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

SuRo Capital Stock Performance

NASDAQ:SSSS opened at $5.30 on Monday. The stock has a 50-day moving average price of $4.62 and a 200 day moving average price of $4.20. The stock has a market capitalization of $123.91 million, a P/E ratio of -2.80 and a beta of 1.63. SuRo Capital Corp. has a 12-month low of $3.32 and a 12-month high of $5.44. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 0.47.

Institutional Investors Weigh In On SuRo Capital

A number of institutional investors have recently added to or reduced their stakes in the stock. Choreo LLC bought a new stake in shares of SuRo Capital during the second quarter valued at approximately $62,000. Arete Wealth Advisors LLC bought a new stake in SuRo Capital in the 3rd quarter valued at $84,000. Levin Capital Strategies L.P. purchased a new stake in SuRo Capital in the 2nd quarter worth $174,000. Acadian Asset Management LLC grew its position in shares of SuRo Capital by 91.6% during 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 in the last quarter. Finally, Gabelli Funds LLC grew its position in shares of SuRo Capital by 139.3% during 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 in the last quarter. 12.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.