Insider Buying: Sutter Rock Capital Corp. (NASDAQ:SSSS) Major Shareholder Purchases 69,000 Shares of Stock

Sutter Rock Capital Corp. (NASDAQ:SSSS) major shareholder Robert S. Birch bought 69,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average cost of $8.52 per share, for a total transaction of $587,880.00. Following the purchase, the insider now owns 2,765,176 shares in the company, valued at $23,559,299.52. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of NASDAQ SSSS traded down $0.12 during trading hours on Thursday, hitting $8.79. The stock had a trading volume of 2,125 shares. The firm’s 50-day moving average price is $6.80 and its two-hundred day moving average price is $6.39. Sutter Rock Capital Corp. has a 52 week low of $3.60 and a 52 week high of $9.69. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.23.

Sutter Rock Capital (NASDAQ:SSSS) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.17) EPS for the quarter. The firm had revenue of $0.25 million during the quarter. Sutter Rock Capital had a negative net margin of 1,111.71% and a negative return on equity of 6.56%. On average, research analysts predict that Sutter Rock Capital Corp. will post -0.4 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in Sutter Rock Capital by 7.6% during the first quarter. Wells Fargo & Company MN now owns 28,142 shares of the company’s stock worth $165,000 after purchasing an additional 1,999 shares during the period. Trexquant Investment LP boosted its position in Sutter Rock Capital by 28.1% during the fourth quarter. Trexquant Investment LP now owns 17,602 shares of the company’s stock worth $115,000 after purchasing an additional 3,866 shares during the period. Tower Research Capital LLC TRC bought a new stake in Sutter Rock Capital during the first quarter worth approximately $35,000. M.D. Sass Investors Services Inc. boosted its position in Sutter Rock Capital by 28.0% during the first quarter. M.D. Sass Investors Services Inc. now owns 46,631 shares of the company’s stock worth $273,000 after purchasing an additional 10,200 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Sutter Rock Capital during the fourth quarter worth approximately $101,000. 21.61% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on SSSS shares. TheStreet cut Sutter Rock Capital from a “b” rating to a “c-” rating in a research note on Friday, May 22nd. BTIG Research reissued a “buy” rating and issued a $10.00 price target on shares of Sutter Rock Capital in a research note on Friday, May 8th. Finally, Barrington Research reissued a “buy” rating and issued a $10.00 price target on shares of Sutter Rock Capital in a research note on Monday, May 11th.

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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Insider Buying and Selling by Quarter for Sutter Rock Capital (NASDAQ:SSSS)

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