Intel stock extends gains after report of possible U.S. government stake
Ronald M. Lott, a director at SuRo Capital Corp. (NASDAQ:SSSS), recently sold 10,000 shares of the company’s common stock. The venture capital firm, currently valued at $136.6 million, has seen its stock surge 46.1% over the past six months, according to InvestingPro data. The shares were sold at a weighted-average price of $5.90, amounting to a total transaction value of $59,000. Following this transaction, Lott retains ownership of 29,311 shares. The sale was executed on March 20, 2025, as disclosed in a recent SEC filing. With analyst price targets ranging from $7.00 to $8.70, and the stock showing a beta of 1.35, InvestingPro subscribers can access 6 additional key insights about SuRo Capital’s valuation and financial health through the platform’s comprehensive Pro Research Report.
In other recent news, SuRo Capital Corp reported its fourth-quarter 2024 earnings, highlighting a 16% decline in Net Asset Value (NAV) for the year, with a NAV per share of $6.68. Despite this decline, the company emphasized its strategic investments in AI infrastructure, which now make up 28% of its portfolio. SuRo Capital anticipates several initial public offerings (IPOs) in 2024-2025, including CoreWeave and Canva, which are expected to boost future value creation. Meanwhile, JMP Securities analyst Devin Ryan raised the price target for Shutter Rock Capital to $8.00, citing its strong position in the AI market and potential for robust net asset value growth. Ryan maintained a Market Outperform rating, suggesting confidence in the company’s strategic plan and potential undervaluation. BTIG analysts also maintained their Buy rating for Shutterfly, highlighting the potential uplift from CoreWeave’s upcoming public offering. Shutterfly’s NAV per share was reported at $6.68 for the fourth quarter of 2024, with analysts noting the undervalued status of its shares. These developments reflect a focus on AI investments and upcoming IPOs as key drivers for these companies.
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