Sutter Rock Capital Corp. (NASDAQ:SSSS) major shareholder Robert S. Birch purchased 25,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was acquired at an average cost of $6.60 per share, for a total transaction of $165,000.00. Following the completion of the transaction, the insider now owns 1,545,000 shares of the company’s stock, valued at approximately $10,197,000. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 $6.51 on Friday. Sutter Rock Capital Corp. has a 52-week low of $5.61 and a 52-week high of $8.39. The company has a 50-day simple moving average of $6.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.02 and a current ratio of 1.02.
Hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in Sutter Rock Capital during the fourth quarter worth about $69,000. Wedbush Securities Inc. acquired a new stake in Sutter Rock Capital during the third quarter worth about $80,000. New Jersey Better Educational Savings Trust acquired a new stake in Sutter Rock Capital during the third quarter worth about $87,000. Bank of New York Mellon Corp acquired a new stake in Sutter Rock Capital during the fourth quarter worth about $101,000. Finally, Oxford Asset Management LLP acquired a new stake in Sutter Rock Capital during the fourth quarter worth about $109,000. 25.96% of the stock is currently owned by institutional investors and hedge funds.
Separately, TheStreet raised Sutter Rock Capital from a “c” rating to a “b” rating in a research report on Wednesday, November 27th.
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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