Equus Total Return, Inc. reports increased net assets and net asset value per share as of March 31, 2026.
Quiver AI Summary
Equus Total Return, Inc. reported a significant increase in net assets and net asset value per share as of March 31, 2026. The company's net assets rose to $20.9 million, with net asset value per share increasing to $1.50, up from $1.19 at the end of 2025. Key factors impacting this increase included a $5 million rise in the fair value of its investment in Morgan E&P, Inc., attributed to higher crude oil prices, while the value of its holdings in CitroTech, Inc. decreased by $0.5 million despite an increase in CitroTech's share price. Equus operates as a business development company traded on the NYSE and invites interested parties to learn more through its website, while also noting the inherent risks and uncertainties in forward-looking statements.
Potential Positives
- Equus Total Return, Inc. reported a significant increase in net asset value per share from $1.19 to $1.50, indicating improved financial health and value for shareholders.
- The Company experienced a $5.0 million increase in fair value of its holding in Morgan E&P, Inc., attributed to higher crude oil prices, showcasing the strength of its investments in the energy sector.
- Despite a decrease in value for its holdings in CitroTech, Inc., the Company successfully sold a portion of its shares and managed its assets effectively during the quarter.
Potential Negatives
- Decrease in fair value of holdings in CitroTech, Inc., indicating potential challenges in the company's investment performance.
- Net assets have decreased significantly from $34.111 million in June 2025 to $20.930 million in March 2026, raising concerns about overall financial health.
- Net asset value per share remains below previous levels (e.g., $1.90 per share in September 2025), suggesting a downward trend that could affect investor confidence.
FAQ
What are Equus Total Return's net assets as of March 31, 2026?
Equus Total Return reported net assets of $20.9 million as of March 31, 2026.
How much did the net asset value per share increase?
The net asset value per share increased from $1.19 to $1.50 as of March 31, 2026.
What contributed to changes in Equus's net asset value in Q1 2026?
The primary contributor was the increase in fair value of Morgan E&P, Inc., valued at an additional $5.0 million.
How did Equus's holdings in CitroTech, Inc. perform?
Equus's holdings in CitroTech decreased in value by $0.5 million to $6.3 million as of March 31, 2026.
Where can I find more information about Equus Total Return?
Additional information can be found on Equus Total Return's website at www.equuscap.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$EQS Hedge Fund Activity
We have seen 1 institutional investors add shares of $EQS stock to their portfolio, and 2 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITADEL ADVISORS LLC removed 23,884 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $43,946
- UBS GROUP AG removed 739 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $1,359
- OSAIC HOLDINGS, INC. added 725 shares (+17.2%) to their portfolio in Q1 2026, for an estimated $1,334
- WELLS FARGO & COMPANY/MN added 0 shares (+0.0%) to their portfolio in Q1 2026, for an estimated $0
- SHUFRO ROSE & CO LLC added 0 shares (+0.0%) to their portfolio in Q1 2026, for an estimated $0
- MSH CAPITAL ADVISORS LLC added 0 shares (+0.0%) to their portfolio in Q1 2026, for an estimated $0
- NBC SECURITIES, INC. added 0 shares (+0.0%) to their portfolio in Q1 2026, for an estimated $0
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
HOUSTON, May 21, 2026 (GLOBE NEWSWIRE) -- Equus Total Return, Inc. (NYSE: EQS) (“Equus” or the “Company”) reports net assets as of March 31, 2026, of $20.9 million. Net asset value per share increased to $1.50 as of March 31, 2026, from $1.19 as of December 31, 2025. Comparative data is summarized below (in thousands, except per share amounts):
| As of the Quarter Ended | 3/31/2026 | 12/31/2025 | 9/30/2025 | 6/30/2025 |
3/31/2025
|
|||||
| Net assets |
$20,930
|
$16,570
|
$26,504
|
$34,111
|
$34,197
|
|||||
| Shares outstanding |
13,967
|
13,967
|
13,967
|
13,586
|
13,586
|
|||||
| Net assets per share |
$1.50
|
$1.19
|
$1.90
|
$2.51
|
$2.52
|
|||||
Net Asset Value Changes
. The following were the principal contributors to changes in the net asset value of the Company in the first quarter of 2026:
-
Increase in Fair Value of Morgan E&P, Inc.
Morgan E&P, Inc. (“Morgan”) holds development rights to approximately 6,500 net acres in the Bakken/Three Forks formation in the Williston Basin of North Dakota. Principally due to significantly higher short and long-term prices for crude oil, the value of the Company’s holding in Morgan increased by $5.0 million at March 31, 2026, compared to December 31, 2025.
-
Decrease in Fair Value of Holdings in CitroTech, Inc.
The Company holds shares of common stock and a common stock purchase warrant in CitroTech, Inc., a developer of fire suppression products (NYSE: CITR). During the first quarter of 2026, the trading price of CITR shares increased from $8.08 to $8.63 per share. Also during the first quarter of 2026, the Company sold 92,581 of its holding of CITR shares. At March 31, 2026, the Company collectively valued its remaining CITR shares and the CITR warrant at an aggregate of $6.3 million as compared to $6.8 million at December 31, 2025, a decrease of $0.5 million.
About Equus
The Company is a business development company that trades as a closed-end fund on the New York Stock Exchange under the symbol "EQS". Additional information on the Company may be obtained from the Company’s website at www.equuscap.com .
This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the performance of the Company, including our ability to achieve our expected financial and business objectives, and the other risks and uncertainties described in the Company’s filings with the SEC. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Except as required by law, the Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.
Contact:
Equus Total Return, Inc.
1-888-323-4533
