Gabelli Funds LLC Acquires 102,500 Shares of SuRo Capital Corp. (NASDAQ:SSSS)

Gabelli Funds LLC increased its position in SuRo Capital Corp. (NASDAQ:SSSS) by 50.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 305,000 shares of the company’s stock after purchasing an additional 102,500 shares during the period. Gabelli Funds LLC owned approximately 1.31% of SuRo Capital worth $1,388,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Byrne Asset Management LLC purchased a new stake in SuRo Capital in the 4th quarter valued at $51,000. Calton & Associates Inc. purchased a new stake in SuRo Capital in the 4th quarter valued at $107,000. Wellington Shields & Co. LLC raised its position in SuRo Capital by 35.0% in the 1st quarter. Wellington Shields & Co. LLC now owns 30,290 shares of the company’s stock valued at $138,000 after buying an additional 7,852 shares during the last quarter. Deuterium Capital Management LLC raised its position in SuRo Capital by 13.5% in the 4th quarter. Deuterium Capital Management LLC now owns 41,965 shares of the company’s stock valued at $165,000 after buying an additional 5,000 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in SuRo Capital in the 4th quarter valued at $184,000. 12.95% of the stock is currently owned by institutional investors.

SuRo Capital Price Performance

Shares of SSSS stock remained flat at $4.00 on Friday. The stock had a trading volume of 27,826 shares, compared to its average volume of 35,845. The company has a debt-to-equity ratio of 0.41, a quick ratio of 39.54 and a current ratio of 39.54. SuRo Capital Corp. has a 12 month low of $3.32 and a 12 month high of $4.72. The firm has a 50 day moving average price of $4.03 and a 200 day moving average price of $4.04.

SuRo Capital (NASDAQ:SSSS) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $1.53 million for the quarter. SuRo Capital had a negative return on equity of 6.35% and a negative net margin of 316.66%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and set a $6.00 target price on shares of SuRo Capital in a research report on Friday, July 12th.

SuRo Capital 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.