Neostellar Capital (NASDAQ:NSLR) Stock Gets Price Target Cut from BTIG Research

by · The Cerbat Gem

Neostellar Capital (NASDAQ:NSLR – Free Report) had its price objective lowered by BTIG Research from $15.00 to $14.00 in a report published on Wednesday, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. Barrington Research set a $16.00 price target on shares of Neostellar Capital in a report on Thursday, August 6th. Weiss Ratings cut shares of Neostellar Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 18th. Finally, Wall Street Zen downgraded Neostellar Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Neostellar Capital has an average rating of “Buy” and an average target price of $14.25.

Read Our Latest Stock Analysis on Neostellar Capital

Neostellar Capital Stock Performance

Shares of NSLR opened at $7.27 on Wednesday. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 0.17. The company has a market cap of $192.46 million, a P/E ratio of 1.80 and a beta of 1.47. The company has a fifty day simple moving average of $9.23. Neostellar Capital has a 52-week low of $7.04 and a 52-week high of $14.98.

Neostellar Capital (NASDAQ:NSLR – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.90) EPS for the quarter. Neostellar Capital had a negative return on equity of 12.63% and a net margin of 6,053.56%. The business had revenue of $0.30 million for the quarter.

Insiders Place Their Bets

In other Neostellar Capital news, CEO Mark Klein acquired 26,040 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were acquired at an average price of $9.60 per share, for a total transaction of $249,984.00. Following the acquisition, the chief executive officer directly owned 1,758,796 shares of the company’s stock, valued at approximately $16,884,441.60. This trade represents a 1.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ronald Lott sold 5,085 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $9.96, for a total value of $50,646.60. Following the completion of the transaction, the director owned 16,432 shares of the company’s stock, valued at $163,662.72. This represents a 23.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have acquired 81,040 shares of company stock worth $800,534. Corporate insiders own 8.32% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Byrne Asset Management LLC increased its position in shares of Neostellar Capital by 24.0% during the third quarter. Byrne Asset Management LLC now owns 26,220 shares of the company’s stock worth $196,000 after acquiring an additional 5,070 shares in the last quarter. Ritholtz Wealth Management lifted its position in Neostellar Capital by 13.4% in the 1st quarter. Ritholtz Wealth Management now owns 24,264 shares of the company’s stock valued at $260,000 after acquiring an additional 2,862 shares in the last quarter. Tactive Advisors LLC boosted its stake in Neostellar Capital by 66.5% in the 2nd quarter. Tactive Advisors LLC now owns 30,311 shares of the company’s stock worth $380,000 after purchasing an additional 12,111 shares during the period. Private Advisor Group LLC increased its holdings in Neostellar Capital by 51.4% during the 1st quarter. Private Advisor Group LLC now owns 69,034 shares of the company’s stock worth $739,000 after purchasing an additional 23,446 shares in the last quarter. Finally, Gabelli Funds LLC increased its holdings in Neostellar Capital by 3.3% during the 1st quarter. Gabelli Funds LLC now owns 1,304,102 shares of the company’s stock worth $13,967,000 after purchasing an additional 41,894 shares in the last quarter. Institutional investors own 12.95% of the company’s stock.

Neostellar Capital Company Profile

(Get Free Report)

SuRo Capital Corp. is a business development company. The firm seeks to invest in growing, late stage, venture capital-backed private companies. SuRo Capital Corp. was founded in 2010 and is based in San Francisco, California.

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