Sutter Rock Capital Corp. (NASDAQ:SSSS) major shareholder Robert S. Birch acquired 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average cost of $6.94 per share, with a total value of $173,500.00. Following the purchase, the insider now owns 1,545,000 shares in the company, valued at $10,722,300. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of NASDAQ 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 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.
A number of hedge funds and other institutional investors have recently made changes to their positions in SSSS. Virtu Financial LLC acquired a new position in Sutter Rock Capital in the 4th quarter valued at approximately $69,000. Wedbush Securities Inc. acquired a new position in Sutter Rock Capital in the 3rd quarter valued at approximately $80,000. New Jersey Better Educational Savings Trust acquired a new position in Sutter Rock Capital in the 3rd quarter valued at approximately $87,000. Bank of New York Mellon Corp acquired a new position in Sutter Rock Capital in the 4th quarter valued at approximately $101,000. Finally, Oxford Asset Management LLP acquired a new position in Sutter Rock Capital in the 4th quarter valued at approximately $109,000. Hedge funds and other institutional investors own 25.96% of the company’s stock.
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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