Stock market today: S&P 500 extends monthly win streak despite Nvidia-led stumble
Investing.com - Citizens JMP has raised its price target on Shutter Rock Capital Corp. (NASDAQ:SSSS) to $10.00 from $8.00 while maintaining a Market Outperform rating. The stock, currently trading at $8.42, has demonstrated remarkable momentum with a 113.71% return over the past year, according to InvestingPro data.
The firm views Shutter Rock Capital stock as a "compelling, idiosyncratic risk/reward opportunity" heading into the second half of 2025, despite shares having already significantly outperformed year-to-date. With a beta of 1.87 and a strong current ratio of 10.91, InvestingPro data shows the company maintains robust liquidity despite recent volatility.
Citizens JMP sees a path for shares to reach at least $10 per share in the coming quarters, with an estimated total return opportunity of approximately 45% from current levels.
This return projection includes an estimated $2.00+ per share in dividends related to two investments, plus the $0.25 per share dividend declared last week.
The new price target reflects an approximately 1.00x multiple on Citizens JMP’s increased forward NAV estimate for Shutter Rock Capital.
In other recent news, SuRo Capital Corp. reported a slight decrease in its Net Asset Value (NAV) for the first quarter of 2025, with a NAV of $156.8 million or $6.66 per share, down from $6.68 per share at the end of the previous year. Despite this decrease, the company maintains a strong focus on AI infrastructure and AI-adjacent investments, which comprise a significant portion of its portfolio. BTIG has raised its price target on SuRo Capital to $10.00 from $7.00 while maintaining a Buy rating, citing significant appreciation in the value of SuRo’s portfolio companies. Notably, CoreWeave, SuRo’s top holding, has seen its shares rise approximately 200% since the first-quarter report, contributing to a $67 million increase in value. Another portfolio company, VAST Data, is reportedly raising funds at a $25 billion valuation, substantially higher than the initial investment valuation. BTIG estimates SuRo’s mark-to-market NAV at nearly $11 per share, indicating the stock is trading at a discount to NAV. The firm’s new price target is based on a roughly 10% discount to mark-to-market NAV.
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