Sutter Rock Capital Corp. (NASDAQ:SSSS) Given Average Rating of “Strong Buy” by Analysts

Shares of Sutter Rock Capital Corp. (NASDAQ:SSSS) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus target price of $11.63 for the company, according to Zacks. Zacks has also assigned Sutter Rock Capital an industry rank of 94 out of 255 based on the ratings given to related companies.

Separately, TheStreet upgraded Sutter Rock Capital from a “c” rating to a “b” rating in a report on Wednesday, November 27th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSSS. Wedbush Securities Inc. acquired a new position in shares of Sutter Rock Capital in the 3rd quarter valued at about $80,000. Supplemental Annuity Collective Trust of NJ bought a new stake in shares of Sutter Rock Capital in the 3rd quarter valued at approximately $624,000. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Sutter Rock Capital in the 3rd quarter valued at approximately $275,000. New Jersey Better Educational Savings Trust bought a new stake in shares of Sutter Rock Capital in the 3rd quarter valued at approximately $87,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of Sutter Rock Capital in the 3rd quarter valued at approximately $10,483,000. 27.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ SSSS traded up $0.05 during mid-day trading on Friday, hitting $6.78. 49,293 shares of the company were exchanged, compared to its average volume of 177,445. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.02 and a current ratio of 1.02. The business’s 50 day moving average is $6.71. Sutter Rock Capital has a 1-year low of $4.99 and a 1-year high of $8.39. The company has a market capitalization of $132.21 million and a price-to-earnings ratio of -18.32.

Sutter Rock Capital (NASDAQ:SSSS) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.24) EPS for the quarter. The business had revenue of $0.38 million during the quarter. Sutter Rock Capital had a net margin of 402.83% and a negative return on equity of 2.49%. On average, equities analysts anticipate that Sutter Rock Capital will post 1.02 EPS for the current year.

The company also recently disclosed a dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 29th.

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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