earnings
confidence high
sentiment negative
materiality 0.65
SuRo Capital Q1 NAV $7.17, down from $7.99; net loss $22.1M
SURO CAPITAL CORP.
2024-Q1 EPS reported
-$0.87
- NAV per share fell to $7.17 from $7.99 at Dec 31, 2023; net investment loss $3.2M ($0.13/sh).
- Net decrease in net assets from operations $22.1M ($0.88/sh) vs +$4.6M in Q1 2023.
- Deployed $35M YTD: $10M in Liquid Death (Q1), $10M in Canva, $15M in CoreWeave SPV (post-Q1).
- Completed modified Dutch Auction tender offer: repurchased 2M shares at $4.70/sh (7.9% of outstanding).
- Liquid assets $84.6M; share buyback program has $20.7M remaining through Oct 31, 2024.