SuRo Capital Corp. (SSSS) Volatility At 6.31%, Should You Add A Position?

68 institutions hold shares in SuRo Capital Corp. (SSSS), with 3.48M shares held by insiders accounting for 17.20% while institutional investors hold 26.93% of the company’s shares. The shares outstanding are 20.02M, and float is at 16.26M with Short Float at 10.44%. Institutions hold 22.30% of the Float.

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The top institutional shareholder in the company is Bulldog Investors, LLC with over 0.51 million shares valued at $6.71 million. The investor’s holdings represent 2.54% of the SSSS Shares outstanding. As of Dec 30, 2020, the second largest holder is Parametric Portfolio Associates with 0.4 million shares valued at $5.27 million to account for 1.99% of the shares outstanding. The other top investors are Needham Investment Management, L.L.C. which holds 0.39 million shares representing 1.94% and valued at over $5.12 million, while Oppenheimer & Company Inc. holds 1.87% of the shares totaling 0.38 million with a market value of $4.94 million.

SuRo Capital Corp. (NASDAQ: SSSS) is 13.98% higher on its value in year-to-date trading and has touched a low of $5.23 and a high of $15.88 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SSSS stock was last observed hovering at around $14.49 in the last trading session, with the day’s gains setting it 0.43% off its average median price target of $17.50 for the next 12 months. It is also 19.35% off the consensus price target high of $18.50 offered by 3 analysts, but current levels are 6.75% higher than the price target low of $16.00 for the same period.

Currently trading at $14.92, the stock is 8.60% and 7.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing 2.97% at the moment leaves the stock 23.33% off its SMA200. SSSS registered 175.78% gain for a year compared to 6-month gain of 62.00%. The firm has a 50-day simple moving average (SMA 50) of $13.49 and a 200-day simple moving average (SMA200) of $12.18.

The stock witnessed a 18.79% loss in the last 1 month and extending the period to 3 months gives it a 10.76%, and is 14.24% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.31% over the week and 6.03% over the month.

SuRo Capital Corp. (SSSS) has around 7 employees, a market worth around $289.60M and $1.80M in sales. Current P/E ratio is 4.94. Distance from 52-week low is 185.17% and -6.05% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.10%).

SuRo Capital Corp. (SSSS) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for SuRo Capital Corp. (SSSS) is a “Buy”. 3 analysts offering their recommendations for the stock have an average rating of 1.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

SuRo Capital Corp. is expected to release its quarterly report on 08/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.43 with sales reaching $400k over the same period.The EPS is expected to grow by 233.00% this year, but quarterly earnings will post -12.30% year-over-year.

SuRo Capital Corp. (SSSS) Insider Activity

A total of 13 insider transactions have happened at SuRo Capital Corp. (SSSS) in the last six months, with sales accounting for 2 and purchases happening 11 times. The most recent transaction is an insider sale by Birch Robert S., the company’s 10% Owner. SEC filings show that Birch Robert S. sold 100,000 shares of the company’s common stock on Apr 01 at a price of $13.98 per share for a total of $1.4 million. Following the sale, the insider now owns 2.63 million shares.

SuRo Capital Corp. disclosed in a document filed with the SEC on Mar 31 that Birch Robert S. (10% Owner) sold a total of 147,000 shares of the company’s common stock. The trade occurred on Mar 31 and was made at $13.15 per share for $1.93 million. Following the transaction, the insider now directly holds 2.73 million shares of the SSSS stock.

Still, SEC filings show that on Mar 26, Birch Robert S. (10% Owner) disposed off 11,000 shares at an average price of $14.01 for $0.15 million. The insider now directly holds 2,873,496 shares of SuRo Capital Corp. (SSSS).

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