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SuRo Capital Corp. (SSSS) on September 28, 2020 reported that the Company’s Board of Directors has declared a dividend in the amount of $0.25 per share payable on October 20, 2020 to the Company’s stockholders of record as of the close of business on October 5, 2020. The dividend will be paid in cash.
SuRo Capital’s $0.25 per share dividend payable on October 20, 2020 and any additional anticipated dividends related to 2020 investment portfolio activity are expected to be reported as capital gains dividends and treated as long-term capital gains by stockholders. SuRo Capital does not anticipate having any investment company taxable income for the current year; therefore, the Company does not expect any portion of the current year dividends to be ordinary dividends.
Mark Klein, President and Chief Executive Officer of SuRo Capital said “We are pleased to announce our Board of Directors has declared a dividend in the amount of $0.25 per share, This dividend is driven by year-to-date monetizations in SuRo Capital’s private securities. Based on ongoing activity and anticipated near-future realizations in our investment portfolio, we anticipate declaring an additional dividend by year-end.”
Birch Robert S., the 10% Owner of SuRo Capital Corp., bought 12000.0 shares at the valuation of $9.03 during an exchange that occurred on Jun 30, which implies that Birch Robert S. is holding 2,923,896 shares at the estimation of $108,416.
In another transaction, on Jun 29, 10% Owner of SuRo Capital Corp., Birch Robert S., bought 6669.0 shares at the price of $9.00. After this activity, Birch Robert S. now keeps 2,911,896 shares of SuRo Capital Corp., esteemed at $60,021.
SSSS Recent Trade
The share price of SSSS descended by -$2.42 during the exchanging session on 09/30/20 to exchange at $10.84. SuRo Capital Corp. stock has an exchanging volume of 5.91 million shares, which is high, contrasted with its 3-months average volume of 776.55K shares. Its market capitalization has now reached to $167.80M and analysts have a consensus target price of $15.33 in the 12-month period.
SSSS Past Trading Activity
The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, SSSS price has dropped by -13.76%. In the course of past three months sees the stock go up around 27.00%, while it has gain 96.77% over the past six months and 67.33% since the start of the year.
SSSS Earning History
Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Sep 2020), the firm recorded a revenue of 217.5 million, which was higher than the gauge of 300k made by certain experts. For that equivalent quarter, SuRo Capital Corp. posted $1.1 earnings per share (EPS) which was above the consensus estimate of $0.6 by $0.5, which represents to an expansion by 83.30%.
SSSS Price Performance
Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on SuRo Capital Corp. has seen its stock exchanging -27.30% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +26.78% above its three-month low. A more extensive look sees SSSS exchanging -26.49% beneath its 52-week high and 204.45% above from its 52-week low price.
SSSS Instability & Beta Factor
The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 11.97%, while it has a month to month instability of 7.36%. The company has an ATR (Average True Range) of 0.99 and a beta factor of 1.32.