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BUZZ-Investment fund SuRo Capital jumps after Q4 results

Reuters·03/12/2025 15:41:50
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BUZZ-Investment fund SuRo Capital jumps after Q4 results

** SuRo Capital's SSSS.O shares jump as much as 9.5%; last up 4.6% to $5.51

** Company, which invests in high-growth, venture-backed private companies, late Tuesday reported smaller-than-expected Q4 loss

** Citizens JMP Securities reiterates its "market perform" rating and raises PT to $8 from $7, a 51.8% upside to stock's last close

** Brokerage says SuRo's portfolio is well positioned for appreciation in 2025 following robust deployment activity last year

** CoreWeave, one of the hottest AI startups in the U.S. and the single largest initial investment in SuRo's history, filed for a New York IPO earlier this month

** SuRo's stock down 5.5% YTD


(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))