Investment fund SuRo Capital's Q3 NAV rises to $9.23 per share

Overview

• SuRo Capital Q3 net asset value rises to $9.23 per share from $9.18

• Company declares $0.25 per share cash dividend

• SuRo Capital extends share and note repurchase programs

Outlook

• SuRo Capital emphasizes continued focus on AI and digital infrastructure investments

• Company highlights investment in HL Digital Assets, reflecting digital infrastructure focus

Result Drivers

• AI INVESTMENTS - SuRo Capital attributes strong Q3 results to investments in AI and AI infrastructure companies, including OpenAI

• REALIZED GAINS - Realized gains from CoreWeave and other portfolio liquidity events supported the $0.25 per share dividend

• NEW INVESTMENTS - SuRo Capital invested $5 mln in HL Digital Assets, reflecting its focus on digital infrastructure opportunities

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the investment management & fund operators peer group is "buy."

• Wall Street's median 12-month price target for SuRo Capital Corp is $10.25, about 0.5% above its November 3 closing price of $10.20

Press Release: ID:nGNX2JSdRd

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)