Sutter Rock Capital Corp. (NASDAQ:SSSS) major shareholder Robert S. Birch acquired 20,000 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were bought at an average cost of $6.81 per share, with a total value of $136,200.00. Following the completion of the acquisition, the insider now owns 1,545,000 shares in the company, valued at $10,521,450. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
SSSS stock opened at $6.51 on Friday. The firm has a fifty day simple moving average of $6.78. Sutter Rock Capital Corp. has a fifty-two week low of $5.61 and a fifty-two week high of $8.39. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.18.
Several hedge funds have recently bought and sold shares of SSSS. Virtu Financial LLC purchased a new position in shares of Sutter Rock Capital in the fourth quarter valued at $69,000. Wedbush Securities Inc. purchased a new position in shares of Sutter Rock Capital in the third quarter valued at $80,000. New Jersey Better Educational Savings Trust purchased a new position in shares of Sutter Rock Capital in the third quarter valued at $87,000. Bank of New York Mellon Corp purchased a new position in shares of Sutter Rock Capital in the fourth quarter valued at $101,000. Finally, Oxford Asset Management LLP purchased a new position in shares of Sutter Rock Capital in the fourth quarter valued at $109,000. 25.96% of the stock is owned by hedge funds and other institutional investors.
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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