SuRo Capital Corp. (NASDAQ:SSSS) Short Interest Up 34.1% in December

SuRo Capital Corp. (NASDAQ:SSSS) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 105,100 shares, a growth of 34.1% from the December 15th total of 78,400 shares. Based on an average trading volume of 219,800 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the shares of the company are sold short.

SuRo Capital Stock Performance

SSSS traded up $0.79 during trading hours on Thursday, hitting $6.66. The stock had a trading volume of 846,981 shares, compared to its average volume of 185,063. SuRo Capital has a 1 year low of $3.32 and a 1 year high of $6.74. The company’s fifty day simple moving average is $5.61 and its 200 day simple moving average is $4.62. The stock has a market cap of $155.71 million, a PE ratio of -3.52 and a beta of 1.61. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 0.47.

Analysts Set New Price Targets

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

Insider Activity at SuRo Capital

In related news, CEO Mark D. Klein purchased 39,000 shares of SuRo Capital stock in a transaction that occurred on Friday, November 29th. The stock was bought at an average price of $5.20 per share, for a total transaction of $202,800.00. Following the completion of the transaction, the chief executive officer now owns 1,169,923 shares in the company, valued at $6,083,599.60. This represents a 3.45 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Allison Green acquired 9,100 shares of the stock in a transaction on Monday, December 2nd. The stock was bought at an average cost of $5.48 per share, for a total transaction of $49,868.00. Following the transaction, the insider now owns 136,734 shares of the company’s stock, valued at approximately $749,302.32. This trade represents a 7.13 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 58,843 shares of company stock valued at $307,047. 5.97% of the stock is owned by insiders.

Hedge Funds Weigh In On SuRo Capital

Several large investors have recently modified their holdings of the business. Choreo LLC purchased a new stake in shares of SuRo Capital during the 2nd quarter valued at approximately $62,000. HB Wealth Management LLC bought a new stake in SuRo Capital during the 4th quarter valued at $65,000. Arete Wealth Advisors LLC purchased a new stake in shares of SuRo Capital during the third quarter worth $84,000. Acadian Asset Management LLC boosted its holdings in shares of SuRo Capital by 91.6% in the second quarter. Acadian Asset Management LLC now owns 131,636 shares of the company’s stock worth $527,000 after acquiring an additional 62,950 shares during the period. Finally, Gabelli Funds LLC grew its position in shares of SuRo Capital by 139.3% in 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. 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.