Sutter Rock Capital Corp. (NASDAQ:SSSS) major shareholder Robert S. Birch purchased 50,000 shares of the company’s stock in a transaction on Friday, March 20th. The shares were purchased at an average price of $4.37 per share, with a total value of $218,500.00. Following the completion of the purchase, the insider now directly owns 2,196,176 shares of the company’s stock, valued at $9,597,289.12. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of NASDAQ 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 business has a 50-day moving average of $5.81 and a 200-day moving average of $6.39. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $89.58 million and a price-to-earnings ratio of 4.43.
Sutter Rock Capital (NASDAQ:SSSS) last issued its earnings results on Tuesday, March 10th. The company reported ($0.14) earnings per share for the quarter. Sutter Rock Capital had a negative return on equity of 4.51% and a net margin of 1,602.27%. The company had revenue of $0.40 million during the quarter.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new stake in shares of Sutter Rock Capital in the fourth quarter worth about $101,000. Bulldog Investors LLC purchased a new stake in shares of Sutter Rock Capital in the fourth quarter worth about $625,000. Oxford Asset Management LLP purchased a new stake in shares of Sutter Rock Capital in the fourth quarter worth about $109,000. Trexquant Investment LP boosted its position in shares of Sutter Rock Capital by 28.1% in the fourth quarter. Trexquant Investment LP now owns 17,602 shares of the company’s stock worth $115,000 after buying an additional 3,866 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Sutter Rock Capital in the fourth quarter worth about $69,000. 21.23% of the stock is owned by institutional investors.
Separately, Barrington Research reaffirmed a “buy” rating and issued a $10.00 target price on shares of Sutter Rock Capital in a research report on Thursday, March 12th.
About Sutter Rock Capital
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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