Legato Capital Management LLC Makes New Investment in SuRo Capital Corp. (NASDAQ:SSSS)

Legato Capital Management LLC acquired a new position in SuRo Capital Corp. (NASDAQ:SSSS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,011 shares of the company’s stock, valued at approximately $82,000. Legato Capital Management LLC owned 0.06% of SuRo Capital as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. HB Wealth Management LLC acquired a new position in shares of SuRo Capital in the fourth quarter worth about $65,000. Arete Wealth Advisors LLC acquired a new position in shares of SuRo Capital in the third quarter worth about $84,000. Finally, Choreo LLC raised 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 acquiring an additional 2,764 shares during the period. Institutional investors and hedge funds own 12.95% of the company’s stock.

Insider Transactions at SuRo Capital

In other SuRo Capital news, CEO Mark D. Klein acquired 39,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was bought 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 owns 1,169,923 shares in the company, valued at approximately $6,083,599.60. The trade was a 3.45 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Allison Green acquired 9,100 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average cost of $5.48 per share, with a total value of $49,868.00. Following the purchase, the insider now owns 136,734 shares in the company, valued at $749,302.32. This represents a 7.13 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 58,843 shares of company stock valued at $307,047 over the last 90 days. Corporate insiders own 5.97% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research upped their price objective on shares of SuRo Capital from $6.00 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st.

SuRo Capital Stock Down 2.4 %

SSSS stock opened at $6.20 on Friday. The stock has a market capitalization of $146.32 million, a P/E ratio of -3.28 and a beta of 1.59. The firm has a 50-day simple moving average of $5.92 and a 200-day simple moving average of $4.90. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47. SuRo Capital Corp. has a 52 week low of $3.52 and a 52 week high of $6.83.

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.