earnings
confidence high
sentiment negative
materiality 0.75
SuRo Capital Q3 2022 NAV drops to $7.83/share from $14.79 YoY; net loss of $45.9M
SURO CAPITAL CORP.
2022-Q3 EPS reported
-$3.92
- Net investment loss $3.8M; net realized loss on investments $5.1M; unrealized depreciation $37.0M.
- NAV per share $7.83 at Sep 30, 2022, down 15% from $9.24 at Jun 30 and 47% from $14.79 a year ago.
- Completed Modified Dutch Auction Tender Offer, repurchased 2.0M shares at $6.60/share, representing 71.4% of NAV.
- Share repurchase program extended through Oct 31, 2023; $16.4M remaining authorization.
- Top five holdings represent 62% of portfolio fair value: Course Hero, Blink Health, Orchard, Architect, StormWind.