Welcome to our dedicated page for SuRo Capital news (Ticker: SSSS), a resource for investors and traders seeking the latest updates and insights on SuRo Capital stock.
SuRo Capital Corp. (NASDAQ: SSSS) is a publicly traded investment fund that focuses on maximizing total returns primarily through capital gains on equity and equity-related investments. As a non-diversified closed-end management investment company, SuRo Capital is dedicated to investing in high-growth, venture-backed private companies, offering investors access to a portfolio of these emerging businesses through its common stock.
Headquartered in New York, NY, with offices in San Francisco, CA, SuRo Capital employs a disciplined investment approach to build a diverse portfolio. Recent achievements include maintaining a Net Asset Value (NAV) of $8.41 per share as of September 30, 2023, and actively managing investments in leading companies such as Nextdoor Holdings, Inc. and PSQ Holdings, Inc. Significant activities in the third quarter of 2023 included receiving $0.3 million from Residential Homes for Rent, LLC for a 15% term loan repayment.
SuRo Capital continuously reviews and adjusts its portfolio, with notable transactions such as the repurchase of 186,493 shares of its common stock for approximately $0.7 million. The company also executed a Modified Dutch Auction Tender Offer to repurchase 2 million shares at a price between $4.00 and $5.00 each, with the most recent offer repurchasing shares at $4.70 per share.
Looking ahead, SuRo Capital anticipates its NAV to range between $7.85 and $8.35 per share by year-end 2023. The company remains committed to creating value for its shareholders through strategic investments, share repurchase programs, and ongoing portfolio management. For the latest updates and additional information, investors can connect with SuRo Capital on social media platforms such as X and LinkedIn or visit their official website at www.surocap.com.
SuRo Capital (SSSS) announced a preliminary update regarding its investment portfolio for Q3 2021, estimating its net asset value (NAV) to be between $14.15 and $15.00 per share, down from $16.56 as of June 30, 2021. This includes a $2.25 dividend paid during the quarter. The company has recorded a total of 39 portfolio companies and made investments in seven new companies during this period. Notably, its investment in Ozy Media is marked at zero due to recent developments. The earnings announcement is expected in early November 2021.
SuRo Capital (SSSS) reported a Net Asset Value (NAV) of $16.56 per share as of June 30, 2021, with total net assets of approximately $439.6 million. The company declared a $2.25 per share dividend payable on September 30, 2021. This quarter saw a significant NAV increase supported by the partial monetization of Coursera and investments in SPACs totaling $3.5 million, now valued at over $30 million. The investment portfolio value reached $309.4 million as of June 30, with top holdings accounting for 61% of this total.
SuRo Capital Corp. (Nasdaq: SSSS) announced it will report Q2 2021 financial results on August 4, 2021, after market close. Management will host a conference call for investors at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. U.S. participants can dial 323-794-2093, while international participants can call 866-548-4713, using conference ID 8107228. The presentation will also be available via webcast and archived for 12 months post-event.
SuRo Capital Corp. (SSSS) announced a preliminary estimate of its net asset value for Q2 2021, projecting it to be between $16.50 and $17.00 per share, marking the highest dividend-adjusted NAV since inception. This estimate considers a $2.50 per share dividend paid during the quarter. The company made significant investments, including $10 million in Skillsoft Corp. and Trax Ltd., along with a $2.7 million investment in Colombier Sponsor LLC. As of June 30, 2021, there are 26,540,743 shares outstanding.
SuRo Capital Corp. (SSSS) reported a net asset value (NAV) of $18.01 per share as of March 31, 2021, a significant increase from $15.14 per share at the end of 2020. The Board declared a $2.50 dividend per share, payable on June 30, 2021. Key investments include Coursera and Palantir, contributing to a net realized gain of $112.2 million for Q1 2021. Total net investment loss was $(2.8) million, but liquid assets stood at $292.4 million.
SuRo Capital Corp. (Nasdaq: SSSS) will announce its financial results for the quarter ending March 31, 2021, on May 5, 2021, after U.S. market close. Management will host a webcast and conference call for investors at 2:00 p.m. PT (5:00 p.m. ET). U.S. participants can dial 323-794-2093, while international participants can dial 866-548-4713, using conference ID 2766460. An archived replay will be accessible for 12 months following the event. SuRo Capital focuses on investing in high-growth, venture-backed private companies.
SuRo Capital Corp. (Nasdaq: SSSS) reported a preliminary net asset value of $17.70 to $18.30 per share for Q1 2021, up from $15.14 at year-end 2020. This includes $0.50 per share in dividends. New investments include $10 million in pre-merger SPAC PIPEs and a sports betting subsidiary, SuRo Sports. The company also plans to redeem its 4.75% Convertible Senior Notes due 2023, with $0.3 million redeemed by March 31. Q1 highlights include the strong performance of Coursera post-IPO and a total of 32 portfolio companies in its investment portfolio.
SuRo Capital reported a net asset value (NAV) of $15.14 per share as of December 31, 2020, a significant increase from $12.46 per share at the end of Q3 2020. The Board of Directors declared a dividend of $0.25 per share. The company exited its position in Palantir Technologies, realizing $119 million in gains. SuRo Capital's top five investments accounted for 73% of its total portfolio value. The financial results revealed net investment loss of $14.5 million for 2020, but net realized gains stood at $16.4 million.
SuRo Capital Corp. (SSSS) will release its financial results for Q4 and fiscal year 2020 on March 10, 2021, after the U.S. market close. A conference call for investors is scheduled for 2:00 p.m. PT (5:00 p.m. ET) on the same day. Interested parties can access the call via phone or through a live webcast on the company’s website, where a replay will be available for 12 months. SuRo Capital focuses on investing in high-growth, venture-backed private companies.
SuRo Capital Corp. (SSSS) announced an adjustment to its 4.75% Convertible Senior Notes due 2023, effective February 5, 2021. The conversion price has been reduced from $9.42 to $9.25 per share due to a cash dividend of $0.25 per share, payable on February 19, 2021. This adjustment allows for 108.0505 shares of common stock per $1,000 principal amount of Notes. The ex-dividend date is February 4, 2021, and the tax treatment of the dividend will be reported in 1099-DIV forms to stockholders.
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