Business Development Company (BDC) / Closed-End Fund Management
Strategic Profile
Equus seeks to invest primarily in companies pursuing growth through acquisition or organic means, leveraged buyouts, management buyouts, and recapitalizations of existing businesses. The company is based in Houston, Texas, and is registered as an investment company under the Investment Company Act of 1940.
Cyborg Score Rationale
Equus received a notice of non-compliance from the NYSE on May 15, 2025, due to its average closing stock price falling below $1.00; the company has a six-month cure period to regain compliance. Market capitalization is approximately $19.1 million as of June 2026. The company faces significant scale constraints and regulatory compliance challenges.
Top Insights
NYSE non-compliance notice issued May 2025 due to stock price falling below $1.00; company proposed reverse stock split to address issue at June 26, 2025 shareholder meeting.
Q2 2025 net asset value per share was $2.51, with net assets of $34.1 million.
Income-producing investments consist principally of debt securities including subordinated debt, convertible debt, and equity with warrants.
Comparable peers include Investcorp Credit Management BDC, Herzfeld Caribbean Basin Fund, US Global Investors, Binah Capital, and Rand Capital.
Named Competitors
Investcorp Credit Management BDC — Credit-focused BDC with institutional backing
Herzfeld Caribbean Basin Fund — Closed-end fund focused on Caribbean investments
US Global Investors — Diversified closed-end fund manager
Rand Capital — BDC focused on small to mid-market companies
Recent Developments
(June 2026) Stock price at $1.37 as of early June 2026; market cap approximately $19.1 million
(Q2 2025) Net assets of $34.1 million reported with NAV per share of $2.51
(May 2025) Received NYSE non-compliance notice for stock price below $1.00; cure period extended to November 2025
Open the full interactive EQUUS TOTAL RETURN, INC. report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.