Suro Capital Corp Stock Price, News & Analysis

SuRo Capital Corp. (Nasdaq: SSSS) reported a net asset value (NAV) of $12.46 per share as of September 30, 2020, reflecting an increase from $11.84 in June 2020. The company declared a $0.25 dividend on October 28, 2020, following a similar dividend in September. Key portfolio developments included participation in Coursera's financing and a $10 million investment in Blink Health. As of September 30, SuRo Capital held investments in 24 companies, with total fair value reaching approximately $215.4 million.

SuRo Capital Corp. (Nasdaq: SSSS) will announce its financial results for Q3 2020 on November 5, 2020. A conference call for investors is scheduled for 2:00 p.m. PT, where management will discuss the results. Investors can access the call using the U.S. number 646-828-8143 or the international number 800-263-0877 with conference ID 1424765. A live webcast will be available on SuRo Capital’s website. Additionally, a replay of the call will be accessible until November 12, 2020. SuRo Capital focuses on investing in high-growth, venture-backed private companies.

SuRo Capital Corp. (Nasdaq:SSSS) has declared a $0.25 per share dividend payable on November 30, 2020, for stockholders of record by November 10, 2020, driven by monetizations in public securities, particularly from Palantir Technologies. The company anticipates declaring an additional dividend by year-end. Furthermore, the board approved an expansion of the share repurchase program by $10 million, totaling $50 million including earlier initiatives. This reflects confidence in the stock's undervalued position relative to its net asset value.

SuRo Capital Corp. (Nasdaq:SSSS) reported an anticipated net asset value of $12.30 to $12.60 per share, adjusted for a $0.40 dividend. The company sold shares of Palantir Technologies, realizing a $3 million gain. SuRo also invested $2.8 million in Coursera during Q3 2020, maintaining a diverse portfolio of 24 companies. The board declared a $0.25 dividend and plans to issue another by year-end. The at-the-market offering raised approximately $50.9 million, with potential for $99.1 million more. Financial results for Q3 are expected to be released on November 2, 2020.

SuRo Capital Corp. has declared a dividend of $0.25 per share, payable on October 20, 2020, to stockholders on record by October 5, 2020. This cash dividend is attributed to year-to-date monetizations of private securities. The company anticipates declaring an additional dividend by year-end. Moreover, dividends are expected to be treated as capital gains, not ordinary dividends, due to the absence of investment company taxable income for this year. The actual tax characteristics of the dividends will be reported after the year-end.

SuRo Capital Corp. (Nasdaq:SSSS) announced a dividend of $0.25 per share payable on October 20, 2020, with a record date of October 5, 2020. This payment comes from year-to-date monetizations in its private securities, with expectations of additional dividends by year-end based on continuing portfolio activity. The dividend will be treated as a capital gains dividend, not ordinary income, due to anticipated lack of taxable income this year. All tax characteristics will be confirmed post fiscal year-end.

SuRo Capital Corp (Nasdaq: SSSS) announced a conversion rate adjustment for its 4.75% Convertible Senior Notes due 2023, influenced by a planned cash dividend of $0.15 per share. Effective August 11, 2020, the conversion price is set at $10.10 per share, down from $10.21. Stockholders of record by August 11 will receive the dividend on August 25, 2020. The tax implications of the dividend will be revealed after year-end and reported on Form 1099-DIV. The company advises caution regarding its forward-looking statements due to potential market volatility.

SuRo Capital Corp. (Nasdaq:SSSS) reported its financial results for Q2 2020, highlighting a net asset value (NAV) of $192.7 million, or $11.84 per share, up from $10.22 per share in Q1 2020. The company declared a dividend of $0.15 per share on July 29, 2020. Significant new investments included $5 million in Rent the Runway and $6.9 million in Palantir Lending Trust. Top portfolio investments accounted for 68% of total fair value, with Coursera being the largest holding at $49.9 million. The quarter saw an increase in NAV per share by $1.62.

SuRo Capital Corp. (Nasdaq: SSSS) released a preliminary update on its investment portfolio for Q2 2020, revealing a net asset value (NAV) estimate of $11.70-$12.00 per share, an increase from $10.22 per share at the end of Q1 2020. The company has invested in Lime, Rent the Runway, and Palantir Lending SPV, with a total of $12.4 million invested during the quarter. SuRo Capital holds positions in 24 privately-held companies. Another update is expected during the earnings call scheduled for August 3, 2020.