SCHEDULE 13D/A: Gabelli Group Increases Stake in Suro Capital Corp. to 7.27%
Beneficial Ownership Amendment
An amended Schedule 13D filing reveals that various Gabelli-affiliated entities have collectively increased their beneficial ownership in SURO CAPITAL CORP. to 7.27% of outstanding common stock.
Summary
- The filing is an Amendment No. 2 to Schedule 13D for SURO CAPITAL CORP. common stock, triggered by an event on May 21, 2025.
- Multiple entities associated with GAMCO Investors, Inc. and Gabelli Funds, LLC, including Mario Gabelli, are identified as reporting persons.
- The aggregate beneficial ownership of SURO CAPITAL CORP. by the reporting persons is 1,712,909 shares, representing 7.27% of the 23,551,859 shares outstanding as of March 31, 2025.
- Gabelli Funds LLC holds the largest portion with 1,420,834 shares (6.03%), followed by GAMCO Asset Management Inc. with 278,000 shares (1.18%).
- The reporting persons used approximately $1,565,944 to purchase additional securities since the most recent filing, with Gabelli Funds contributing $1,110,002 and GAMCO $455,942.
- Transactions in the past sixty days include various purchases by Gabelli Funds (through Gabelli Equity Trust and Gabelli Dividend & Income Trust) and GAMCO Asset Management Inc., alongside some sales by Gabelli Funds (through Gabelli Financial Services Opportunities ETF).
Sentiment
Score: 5
Explanation: The document is a factual report of beneficial ownership changes and does not contain subjective language or forward-looking statements about the issuer's performance. The increased stake by a prominent investment group could be viewed positively by some investors, but the filing itself is neutral.
Positives
- Increased beneficial ownership by a prominent investment group like Gabelli may signal confidence in SURO CAPITAL CORP.'s future prospects.
- The continued investment by institutional entities suggests a long-term interest in the company.
Future Outlook
NA
Industry Context
Schedule 13D filings are mandatory disclosures by investors who acquire more than 5% beneficial ownership in a public company, indicating a significant stake that could potentially lead to influence over the company's management or strategic direction. The filing by Gabelli-affiliated entities signals their continued interest and increased position in SURO CAPITAL CORP., a common practice among active institutional investors.
Stakeholder Impact
- Shareholders may view the increased stake by a prominent investment group as a positive signal of confidence in SURO CAPITAL CORP.'s value.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Gabelli Funds purchased 7,500 shares for Gabelli Dividend & Income Trust at $4.9389. |
| 04/02/2025 | Gabelli Funds purchased 5,000 shares for Gabelli Dividend & Income Trust at $5.1942. |
| 04/04/2025 | Gabelli Funds sold 24,996 shares for Gabelli Financial Services Opportunities ETF at $4.5950. |
| 04/07/2025 | Gabelli Funds sold 6,249 shares for Gabelli Financial Services Opportunities ETF at $4.5200 and purchased 10,000 shares for Gabelli Dividend & Income Trust at $4.5799. |
| 04/09/2025 | Gabelli Funds purchased 5,000 shares at $4.8852 and 5,000 shares at $4.7472 for Gabelli Dividend & Income Trust. |
| 04/25/2025 | Gabelli Funds sold 14,581 shares for Gabelli Financial Services Opportunities ETF at $4.5800. |
| 05/06/2025 | Gabelli Funds purchased 15,000 shares for Gabelli Equity Trust at $5.2699 and 10,000 shares for Gabelli Dividend & Income Trust at $5.2882. |
| 05/07/2025 | Gabelli Funds purchased 10,000 shares for Gabelli Equity Trust at $5.2399, 5,181 shares for Gabelli Dividend & Income Trust at $5.3000, and 4,819 shares for Gabelli Dividend & Income Trust at $5.2410. |
| 05/08/2025 | Gabelli Funds purchased 5,181 shares for Gabelli Dividend & Income Trust at $5.3000. |
| 05/12/2025 | Gabelli Funds purchased 11,964 shares for Gabelli Dividend & Income Trust at $5.4381. |
| 05/13/2025 | Gabelli Funds purchased 18,036 shares at $5.7735, 10,000 shares at $5.8933, and 5,000 shares at $5.9153 for Gabelli Dividend & Income Trust. |
| 05/14/2025 | Gabelli Funds purchased 25,000 shares for Gabelli Dividend & Income Trust at $5.9655. |
| 05/15/2025 | Gabelli Funds purchased 5,000 shares for Gabelli Dividend & Income Trust at $5.8080. |
| 05/20/2025 | Gabelli Funds purchased 25,000 shares for Gabelli Equity Trust at $6.1443. GAMCO Asset Management Inc. purchased 20,000 shares at $6.2226. |
| 05/21/2025 | Date of event requiring Schedule 13D filing. GAMCO Asset Management Inc. purchased 51,750 shares at $6.4056. |
| 05/22/2025 | Schedule 13D Amendment No. 2 filed. |
Keywords
SURO CAPITAL CORP., Schedule 13D, beneficial ownership, GAMCO Investors, Gabelli Funds, institutional investment, common stock, investment adviser, Mario Gabelli
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