earnings
confidence high
sentiment negative
materiality 0.70
SuRo Capital Q2 NAV estimated at $7.15-$7.65; tender offer completed
SURO CAPITAL CORP.
2023-Q2 EPS reported
-$0.41
- NAV estimated at $7.15-$7.65 per share (down from $7.59 at Q1 end and $9.24 YoY).
- Invested $10M in ServiceTitan, $0.5M in PayJoy in Q2; $4.2M in FourKites post-Q2.
- Exited 950k Nextdoor shares for $2.9M net proceeds, realized $2.4M loss; abandoned Ozy Media, realized $10.9M loss.
- Completed Modified Dutch Auction Tender Offer: repurchased 3M shares at $4.50 each (10.6% of outstanding).
- Liquid assets ~$112M as of June 30; $16.4M remaining under share repurchase program through Oct 2023.