earnings
confidence high
sentiment neutral
materiality 0.65
SuRo Capital preliminary Q2 NAV $6.70-$7.20; new investments in Canva, CoreWeave SPV
SURO CAPITAL CORP.
2024-Q2 EPS reported
-$1.34
- Preliminary NAV per share estimated at $6.70-$7.20, vs $7.17 at March 31, 2024.
- Invested $10M in Canva, Inc. and $15M in CW Opportunity 2 LP (CoreWeave SPV) in Q2.
- Completed tender offer for 2M shares at $4.70/share, reducing outstanding shares by 7.9%.
- Liquid assets of $57.6M as of June 30, 2024; portfolio of 39 companies (35 private, 4 public).
- Share repurchase program has $20.7M remaining authorization through Oct 31, 2024.