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

SuRo Capital Corp. (NASDAQ:SSSS) CEO Mark D. Klein acquired 39,000 shares of the company’s stock in a transaction on Friday, November 29th. The stock was acquired at an average price of $5.20 per share, with a total value of $202,800.00. Following the purchase, the chief executive officer now directly owns 1,169,923 shares in the company, 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 is available through the SEC website.

SuRo Capital Stock Performance

SSSS opened at $5.30 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.32 and a current ratio of 11.32. SuRo Capital Corp. has a 52-week low of $3.32 and a 52-week high of $5.44. The firm has a market cap of $123.91 million, a P/E ratio of -2.80 and a beta of 1.63. The business’s fifty day moving average is $4.62 and its 200-day moving average is $4.20.

Analyst Ratings Changes

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

Institutional Investors Weigh In On SuRo Capital

A number of large investors have recently bought and sold shares of the company. Choreo LLC acquired a new position in shares of SuRo Capital in the 2nd quarter valued at approximately $62,000. Arete Wealth Advisors LLC bought a new position in SuRo Capital in the third quarter valued at approximately $84,000. Levin Capital Strategies L.P. acquired a new position in SuRo Capital during the second quarter valued at approximately $174,000. Acadian Asset Management LLC raised its position in 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 lifted its stake in SuRo Capital by 139.3% during the second quarter. Gabelli Funds LLC now owns 730,000 shares of the company’s stock worth $2,927,000 after purchasing an additional 425,000 shares during the last quarter. 12.95% of the stock is currently owned by institutional investors and hedge funds.

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.