Sutter Rock Capital Corp. (NASDAQ:SSSS) major shareholder Robert S. Birch purchased 85,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was bought at an average cost of $4.31 per share, with a total value of $366,350.00. Following the completion of the purchase, the insider now owns 2,196,176 shares of the company’s stock, valued at approximately $9,465,518.56. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
SSSS opened at $4.92 on Friday. Sutter Rock Capital Corp. has a 1-year low of $3.60 and a 1-year high of $8.39. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19. The company has a market cap of $89.58 million and a P/E ratio of 4.43. The company has a fifty day moving average price of $5.81 and a two-hundred day moving average price of $6.39.
Sutter Rock Capital (NASDAQ:SSSS) last posted its quarterly earnings results on Tuesday, March 10th. The company reported ($0.14) earnings per share for the quarter. Sutter Rock Capital had a net margin of 1,602.27% and a negative return on equity of 4.51%. The company had revenue of $0.40 million during the quarter.
Separately, Barrington Research reaffirmed a “buy” rating and issued a $10.00 price target on shares of Sutter Rock Capital in a research note on Thursday, March 12th.
Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in shares of Sutter Rock Capital during the fourth quarter valued at about $69,000. Bank of New York Mellon Corp acquired a new position in shares of Sutter Rock Capital during the fourth quarter valued at about $101,000. Oxford Asset Management LLP acquired a new position in shares of Sutter Rock Capital during the fourth quarter valued at about $109,000. Trexquant Investment LP grew its holdings in shares of Sutter Rock Capital by 28.1% during the fourth quarter. Trexquant Investment LP now owns 17,602 shares of the company’s stock valued at $115,000 after buying an additional 3,866 shares during the last quarter. Finally, California Public Employees Retirement System acquired a new position in shares of Sutter Rock Capital during the third quarter valued at about $320,000. 21.23% of the stock is owned by hedge funds and other institutional investors.
Sutter Rock Capital Company Profile
Sutter Rock Capital Corp. is specializing in growth capital, B round and beyond, emerging growth, and pre-IPO investments in late stage venture-backed private companies. It makes direct (primary rounds) investments in companies and also makes secondary direct investments. The fund may also invest in select publicly-traded equity securities of companies that otherwise meet its investment criteria.
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