Earnings Call Insights: SuRo Capital Corp. (SSSS) Q1 2026 Management View "This is a defining moment for SuRo Capital." (Chairman, President & CEO Mark Klein) "For the quarter, our net asset value increased from $8.09 per share to $14.24 per share." "That is a $6.15 per share increase or approximately 76% quarter-over-quarter." "This is the largest quarter-over-quarter NAV increase in our history....
Earnings Call Insights: SuRo Capital Corp. (SSSS) Q1 2026 Management View "This is a defining moment for SuRo Capital." (Chairman, President & CEO Mark Klein) "For the quarter, our net asset value increased from $8.09 per share to $14.24 per share." "That is a $6.15 per share increase or approximately 76% quarter-over-quarter." "This is the largest quarter-over-quarter NAV increase in our history." (Chairman, President & CEO Klein) "During the quarter, we funded $5 million to a Magnetar special purpose vehicle invested in TensorWave." (Chairman, President & CEO Klein) "This investment was part of a commitment of up to $20 million." "The remaining commitment of up to $15 million is subject to the satisfaction of certain conditions, including company-level operational milestones." (Chairman, President & CEO Klein) "Following quarter's end, we made a new investment of approximately $10 million in ClickHouse." (Chairman, President & CEO Klein) "Because this investment was made after the quarter's end, it is not part of our March 31 net asset value." (Chairman, President & CEO Klein) "Our Board of Directors approved a proposal to transition SuRo from an internally managed BDC to an externally managed structure through Neostellar Advisors LLC, an adviser jointly owned by members of our current team and Magnetar." (Chairman, President & CEO Klein) "The proposal remains subject to stockholder approval." "This is not a sale of the company." (Chairman, President & CEO Klein) "We ended the first quarter of 2026 with a net asset value of approximately $361.6 million or $14.24 per share." (CFO, Treasurer & Corporate Secretary Allison Green) "The increase in NAV per share from $8.09 at the end of Q4 2025 was primarily driven by a $6.25 per share increase from the net change in unrealized appreciation of our investments." "The increase in NAV per share was partially offset by a $0.16 per share decrease due to net investment loss during the quarter." (CFO Green) Outlook "The vote i...
Hong Kong’s legislature has issued a written warning to lawmaker Judy Chan Kapui for driving on the wrong side of the road, urging her to be mindful of her conduct and meet the public’s expectations. The official warning was issued by the Legislative Council’s Supervisory Committee on Wednesday, four months after the 45-year-old New People’s Party lawmaker was filmed driving against the flow of tr...
Hong Kong’s legislature has issued a written warning to lawmaker Judy Chan Kapui for driving on the wrong side of the road, urging her to be mindful of her conduct and meet the public’s expectations. The official warning was issued by the Legislative Council’s Supervisory Committee on Wednesday, four months after the 45-year-old New People’s Party lawmaker was filmed driving against the flow of traffic in Wan Chai on January 23. In its report to the Legco following an investigation into a...
Soybean oil contracts fell from their highest in three-and-a-half years, following a slump in crude after President Donald Trump said he would pause US-led efforts to guide ships through the Strait of Hormuz. Trump cited “great progress” toward a peace deal between Washington and Tehran and confirmed that there would be a halt on the two-day-old push to escort ships through the important trade rou...
Soybean oil contracts fell from their highest in three-and-a-half years, following a slump in crude after President Donald Trump said he would pause US-led efforts to guide ships through the Strait of Hormuz. Trump cited “great progress” toward a peace deal between Washington and Tehran and confirmed that there would be a halt on the two-day-old push to escort ships through the important trade route. Crude oil fell on the prospect of a resolution to the crisis in the Middle East, with Brent dropping for a second day and trading near $108 a barrel. Soybean oil, a key biofuel input, tends to track crude prices closely, and the recent war-driven spike in oil and gas costs has boosted demand for alternative energy sources. After hitting the highest level since November 2022 on Tuesday, most-active soybean oil futures declined by as much as 0.9% on Wednesday. However, strong global demand for biofuels meant that soy oil didn’t see the same magnitude of fall as crude, said Joe Davis, a director at brokerage Futures International in Chicago. Brent futures dropped as much as 2.1% before trimming some losses. “Vegoils globally are bullish,” said Davis, highlighting robust demand in the US, where higher biofuel quotas have been introduced to boost domestic use. He said soon after soybean oil prices fell, buyers immediately began to swoop in to buy the dip, a sign of bullish market sentiment. Soybean oil was down 0.8% to 76.25 cents a pound at 11.50 a.m. in Singapore Soybeans were unchanged, while corn fell 0.5% to $4.7750 a bushel Wheat was 0.5% lower to $6.2450 a bushel
Donny DBM/iStock via Getty Images The following segment was excerpted from the Aristotle Global Equity Advisory Q1 2026 Commentary. Relative Contributors Relative Detractors TotalEnergies ( TTE ) MonotaRO ( MONOY ) Cameco ( CCJ ) Nemetschek ( NEMTF ) FirstCash ( FCFS ) Capital One Financial ( COF ) Otsuka Holdings ( OTSKY ) Sony ( SONY ) Oshkosh ( OSK ) Qualcomm ( QCOM ) Click to enlarge Relative ...
Donny DBM/iStock via Getty Images The following segment was excerpted from the Aristotle Global Equity Advisory Q1 2026 Commentary. Relative Contributors Relative Detractors TotalEnergies ( TTE ) MonotaRO ( MONOY ) Cameco ( CCJ ) Nemetschek ( NEMTF ) FirstCash ( FCFS ) Capital One Financial ( COF ) Otsuka Holdings ( OTSKY ) Sony ( SONY ) Oshkosh ( OSK ) Qualcomm ( QCOM ) Click to enlarge Relative contributors and detractors are based on attribution total effect and exclude benchmark securities not held in the portfolio. Click to enlarge MonotaRO, the Japanese business-to-business (B2B) e-commerce platform, was the largest detractor during the quarter. While results remained strong, the stock price was pressured by softer order trends in the enterprise business and a moderation in new customer additions following a period of unusually strong growth. Sentiment was also pressured by the company's exposure to small and medium-sized enterprises in manufacturing and construction, cyclical and cost-sensitive end markets, particularly amid elevated input costs. Despite these near-term headwinds, profitability remained stable, with margin expansion supported by procurement efficiencies, reduced promotional discounting and higher royalty income. Enterprise business also grew more than 20% through newly connected corporations, expanding to approximately one-third of sales, highlighting its increasing importance within the business and reinforcing a key catalyst we originally identified. Management also announced a ¥10 billion share repurchase program, supporting shareholder returns and reflecting continued discipline in capital allocation. Over the longer term, we believe MonotaRO remains well-positioned to continue gaining share in Japan's fragmented and underpenetrated MRO market. The company's broad assortment, operating scale and growing enterprise presence, in our view, support a business that is becoming more embedded in customer procurement workflows over time. Qualcomm...
(RTTNews) - Samsung Epis Holdings Co Ltd (0126Z0.KS), an investment company dedicated to innovations in biopharmaceuticals and biotechnology, reported first quarter net income attributable to shareholders of parent company of 99.5 billion Korean won. Net income from continuing op
(RTTNews) - Samsung Epis Holdings Co Ltd (0126Z0.KS), an investment company dedicated to innovations in biopharmaceuticals and biotechnology, reported first quarter net income attributable to shareholders of parent company of 99.5 billion Korean won. Net income from continuing op
metamorworks/iStock via Getty Images Avalo Therapeutics ( AVTX ) late Tuesday priced an underwritten public offering of 19.73 million shares of common stock, along with pre-funded warrants for 1.4 million shares issued to certain investors in lieu of stock. The shares of common stock are being sold at a public offering price of $17.75 per share, and the pre-funded warrants are being sold at a publ...
metamorworks/iStock via Getty Images Avalo Therapeutics ( AVTX ) late Tuesday priced an underwritten public offering of 19.73 million shares of common stock, along with pre-funded warrants for 1.4 million shares issued to certain investors in lieu of stock. The shares of common stock are being sold at a public offering price of $17.75 per share, and the pre-funded warrants are being sold at a public offering price of $17.749 per pre-funded warrant. The gross proceeds to Avalo from the offering, expected to close on May 7, are estimated to be approximately $375M. Avalo Therapeutics ( AVTX ) shares rose 48.5% in extended trading. More on Avalo Therapeutics Seeking Alpha’s Quant Rating on Avalo Therapeutics Historical earnings data for Avalo Therapeutics Financial information for Avalo Therapeutics
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. All eyes are on the Housing Bureau’s Independent Checking Unit (ICU), whose officers are scheduled to testify before a judge-led panel on Wednesday about their role in Hong Kong’s Tai Po blaze. Senior maintenance surveyor Andy Ku Siu-ping will be the only witne...
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. All eyes are on the Housing Bureau’s Independent Checking Unit (ICU), whose officers are scheduled to testify before a judge-led panel on Wednesday about their role in Hong Kong’s Tai Po blaze. Senior maintenance surveyor Andy Ku Siu-ping will be the only witness giving live evidence in the first of three sessions of the fourth round of evidential...
Earnings Call Insights: Marqeta (MQ) Q1 2026 Management View “Our first quarter results demonstrate the continued momentum of our business. Gross profit grew 19%, which was fueled by 33% TPV growth... adjusted EBITDA grew to $33 million, achieving a 20% margin... we delivered GAAP profitability this quarter. The $8 million of net income is a testament to our strong growth, operating leverage, and ...
Earnings Call Insights: Marqeta (MQ) Q1 2026 Management View “Our first quarter results demonstrate the continued momentum of our business. Gross profit grew 19%, which was fueled by 33% TPV growth... adjusted EBITDA grew to $33 million, achieving a 20% margin... we delivered GAAP profitability this quarter. The $8 million of net income is a testament to our strong growth, operating leverage, and disciplined execution.” (CEO Mike Milotich) “Already 12 of our top 15 customers utilize Marqeta in more than one country, and 6 of those 12 are in at least 5 countries...” (CEO Milotich) “An emerging use case that will be multinational from the start is stablecoin-backed card programs, leveraging stablecoin settlement through our bank and network partners.” (CEO Milotich) “This quarter, we signed a customer... [that] will migrate their existing portfolio to Marqeta, and we are one of the early adopters of the issuer-managed Mastercard One credential to support this new customer.” (CEO Milotich) “Both net revenue and gross profit grew 19% on a year-over-year basis, driven by TPV growth of 33%... adjusted EBITDA growth of 66%... we achieved GAAP profitability in the quarter with net income of $8 million.” (CFO Patti Kangwankij) “In Q1, we repurchased 9.4 million shares at an average price of $4.16... As of March 31, we had over $52 million remaining on our latest buyback authorization.” (CFO Kangwankij) “The reverse stock split would reduce Marqeta's common stock at a ratio of 1:4... We believe a lower share count will provide a clearer reflection of changes in our per share performance...” (CFO Kangwankij) Outlook “We expect both Q2 net revenue and gross profit to grow between 14% to 16%.” (CFO Kangwankij) “Q2 adjusted operating expenses are expected to grow in the high teens... Q2 adjusted EBITDA growth is expected to be 10% to 12%... and we expect to be at breakeven on a GAAP net income basis in Q2.” (CFO Kangwankij) “We expect net revenue growth of 12% to 14% and gross pr...