SuRo Capital Corp. Announces Plan to Transition to Externally Managed Structure & First Quarter 2026 Preliminary Investment Portfolio Update
SuRo Capital Corp. - Closed End Fund (SSSS)
Company Research
Source: GlobeNewswire
Board Approves Joint Venture with Magnetar to Serve as New Investment Adviser Net Asset Value Anticipated to be $14.00 to $14.50 Per Share NEW YORK, April 07, 2026 (GLOBE NEWSWIRE) -- SuRo Capital Corp. (“SuRo Capital”, the “Company”, “we”, “us”, and “our”) (Nasdaq: SSSS) today announced that its Board of Directors approved a proposal to transition from an internally managed business development company (“BDC”) to an external management structure. Neostellar Advisors LLC, a joint venture established by SuRo Capital with Magnetar, a multi-strategy alternative investment platform, will serve as investment adviser of the BDC, subject to stockholder approval. Additionally, SuRo Capital provided a preliminary update on its investment portfolio for the first quarter ended March 31, 2026. “We are pleased to announce a joint venture with Magnetar to form a new external investment adviser. In connection with this partnership, our Board of Directors has approved the externalization of our
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News
- SURO Capital (SSSS) had its "outperform" rating reaffirmed by Citigroup Inc..MarketBeat
- SURO Capital (SSSS) had its price target raised by Citizens Jmp from $13.00 to $15.00. They now have a "market outperform" rating on the stock.MarketBeat
- SURO Capital (SSSS) had its price target raised by BTIG Research from $12.50 to $15.00. They now have a "buy" rating on the stock.MarketBeat
- SURO Capital (SSSS) had its price target raised by Barrington Research from $15.00 to $17.00. They now have an "outperform" rating on the stock.MarketBeat
- SURO Capital (SSSS) was downgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "buy (b)" to "hold (c)".MarketBeat
SSSS
Sec Filings
- 4/7/26 - Form PRE
- 4/7/26 - Form 8-K
- 3/31/26 - Form 3
- SSSS's page on the SEC website