BTIG Maintains a Buy Rating on SuRo Capital (SSSS)
In a report released today, Mark Palmer from BTIG maintained a Buy rating on SuRo Capital (SSSS), with a price target of $16.00. The company’s shares closed last Monday at $12.40.
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 19.7% and a 69.9% success rate. Palmer covers the Financial sector, focusing on stocks such as International Money Express, Genworth Financial, and Oportun Financial.
Currently, the analyst consensus on SuRo Capital is a Moderate Buy with an average price target of $15.50.
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Based on SuRo Capital’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $18.36 million and net profit of $15.92 million. In comparison, last year the company earned revenue of $9.75 million and had a net profit of $5.26 million.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.