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.
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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