Sutter Rock Capital Corp. (NASDAQ:SSSS) major shareholder Robert S. Birch bought 25,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were purchased at an average price of $6.79 per share, for a total transaction of $169,750.00. Following the purchase, the insider now owns 1,545,000 shares in the company, valued at approximately $10,490,550. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of SSSS opened at $6.51 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. Sutter Rock Capital Corp. has a 1 year low of $5.61 and a 1 year high of $8.39. The firm’s 50 day moving average is $6.78.
Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in Sutter Rock Capital during the 4th quarter valued at approximately $69,000. Wedbush Securities Inc. purchased a new stake in Sutter Rock Capital during the 3rd quarter valued at approximately $80,000. New Jersey Better Educational Savings Trust purchased a new stake in Sutter Rock Capital during the 3rd quarter valued at approximately $87,000. Bank of New York Mellon Corp purchased a new stake in Sutter Rock Capital during the 4th quarter valued at approximately $101,000. Finally, Oxford Asset Management LLP purchased a new stake in Sutter Rock Capital during the 4th quarter valued at approximately $109,000. 25.96% of the stock is owned by institutional investors and hedge funds.
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.
Read More: Limitations of the P/E Growth ratio
Receive News & Ratings for Sutter Rock Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sutter Rock Capital and related companies with MarketBeat.com's FREE daily email newsletter.