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Top Buys by Top Brass: Chairman, CEO and President Klein's $347.6K Bet on SSSSBy Dividend Channel Staff, Thursday, December 16, 2:59 PM ETA company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $347.6K invested across 2 purchases by Mark D. Klein, Chairman, CEO and President at SuRo Capital Corp. (NASDAQ:SSSS). Klein bets big on SSSS:
Klein's average cost works out to $12.37/share. In trading on Thursday, bargain hunters could buy shares of SuRo Capital Corp. (NASDAQ:SSSS) and achieve a cost basis lower than Klein, with shares changing hands as low as $11.50 per share. Shares of SuRo Capital Corp. were changing hands at $11.60 at last check, trading off about 1.2% on Thursday. The chart below shows the one year performance of SSSS shares, versus its 200 day moving average:
Looking at the chart above, SSSS's low point in its 52 week range is $10.2144 per share, with $16.40 as the 52 week high point — that compares with a last trade of $11.60. The current annualized dividend paid by SuRo Capital Corp. is $2.00/share, currently paid in annual installments, and its most recent dividend ex-date was on 11/16/2021. Below is a long-term dividend history chart for SSSS, which can be of good help in judging whether the most recent dividend with approx. 17.0% annualized yield is likely to continue.
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