Entering text into the input field will update the search result below

SuRo Capital sees Q2 net asset value dropping amid broad market slump

Jul. 11, 2022 4:35 PM ETSuRo Capital Corp. (SSSS)By: Max Gottlich, SA News Editor6 Comments

NAV Net Asset Value Stock Market Investment Symbols 3d Illustration

iQoncept/iStock via Getty Images

SuRo Capital (NASDAQ:SSSS) CEO and Chairman Mark Klein said Monday that while his company exited a large chunk of its portfolio before the price multiples started to fall in January, "we also experienced a challenging

Recommended For You

Comments (6)

Have a tip? Submit confidentially to our News team. Found a factual error? Report here.

Coursera reported lousy earnings. Company specific or will Course Hero get caught up in an industry downturn?
SA-NJ52 profile picture

I get the lockup point will prevent them from selling

Having owned this instrument for almost 10 years, the problem has been that they sold too soon.

So the issue for me that many holdings were sold too soon and management left money....my money...on the table.

So lockup restrictions were not the issue. Bad stock timing was this issue.

The other problem is that I do not see within the current crop of holdings what I would call home runs.

So for now I will average down like @Alaska49 as there are few ways to play this market and I already own GOOOGL.

This stock I was once in quite awhile ago is basically toast !
SA-NJ52 profile picture
SSSS and GSVC before it, is part of my Running with the Big Dogs Stock Portfolio along with BX, BRK.B, ONEX, IEP and others.

As I have explained in previous posts, it is one of the few ways that small investors like me can participate in these companies.

They have had investments in Coursera, PLTR, TWTR and a whole host of startups...some of which have done very well.

Unfortunately this is not the time for such investments.

Historically, the company has done a poor job on selling. Hopefully they got out of their holdings in a profitable manner but that is not reflected in the stock price.

I will consider averaging down as it is a small position for me.

I am staying with SSSS for now as this is the only way to invest in such startups. Buying at the IPO or a secondary simply gives money to the founders.

@gandc It is important to not they can't just 'sell' when they want. They are mostly subject to insider lockup agreements and usually can't sell 100% of a holding at one time.
@gandc Holding SSS and averaging down. Got some at $6.60 today which sure helped! Buying IEP when it falls in the $28 range or lower.

About SSSS

SymbolLast Price% Chg
Market Cap
Yield (TTM)
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
SuRo Capital Corp.
SuRo Capital Corp. CAL NT 26
OFS Capital
Horizon Technology Finance Corporation CAL NT 27
Saratoga Investment Corp. CAL NT 27
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.