SuRo Capital Corp. Q3 2023 Preliminary Investment Portfolio Update; Project NAV To Be Between $8.15 To $8.65 Per Share For The Quarter Ended September 30, 2023
Portfolio Pulse from Benzinga Newsdesk
SuRo Capital Corp. (SSSS) provided a preliminary update on its Q3 2023 investment portfolio, projecting its NAV to be between $8.15 to $8.65 per share. The company remains active in repurchasing shares under the Share Repurchase Program approved by its Board of Directors. SuRo Capital's net assets totaled approximately $186.7 million, or $7.35 per share at June 30, 2023, and approximately $221.8 million, or $7.83 per share at September 30, 2022. As of September 30, 2023, SuRo Capital's net asset value is estimated to be between $8.15 to $8.65 per share.
October 10, 2023 | 8:16 pm
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SuRo Capital Corp. (SSSS) projects its Q3 2023 NAV to be between $8.15 to $8.65 per share, indicating a potential increase in value. The company's active share repurchase program could also positively impact the stock price.
The projected increase in NAV for Q3 2023 indicates a potential increase in the value of SuRo Capital Corp.'s assets. This, coupled with the company's active share repurchase program, could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100