earnings
confidence high
sentiment negative
materiality 0.75
SuRo Capital prelim Q2 NAV drops 24% QoQ to $9.00-$9.50 per share; invests $11M, repurchases $6.9M in shares
SURO CAPITAL CORP.
2023-Q2 EPS reported
-$2.39
- Net asset value per share estimated $9.00-$9.50, down from $12.22 at Q1 2022 and $16.56 a year ago.
- Made $11M in new investments: $10M secondary in Whoop, $0.5M Hearth convertible note, $0.5M EDGE Markets.
- Exits generated ~$3.9M net proceeds; realized gains on Rover ($1.1M) and True Global ($0.2M), loss on Rent the Runway (-$0.6M).
- After Q2, sold 626,955 Enjoy Tech shares for $0.2M with $3.0M realized loss; also sold Rover and RENT shares.
- Repurchased 855,159 shares for $6.9M in Q2; $16.4M remaining under $55M program through Oct 31, 2022.