In a report released yesterday, Mark Palmer from BTIG reiterated a Buy rating on SuRo Capital (SSSS), with a price target of $20.00. The company’s shares closed last Thursday at $15.24, close to its 52-week high of $15.88.
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 20.7% and a 67.2% success rate. Palmer covers the Financial sector, focusing on stocks such as International Money Express, Oportun Financial, and Western Union.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SuRo Capital with a $18.75 average price target.
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Based on SuRo Capital’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $65.91 million and net profit of $61.28 million. In comparison, last year the company earned revenue of $13.92 million and had a net profit of $2.21 million.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SSSS in relation to earlier this year.
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Sutter Rock Capital Corp is a non-diversified closed-ended fund company. The fund invests in public and private companies located in the US and Non-US. It targets companies operating in the fields of social media, mobile computing and apps, cloud computing, software services, green technology, and education technology. It makes minority investments and provides financing for later-stage capital requirements.
