Sutter Rock Capital Corp. (NASDAQ:SSSS) Declares Dividend Increase – $0.15 Per Share

Sutter Rock Capital Corp. (NASDAQ:SSSS) announced a — dividend on Friday, July 31st, Wall Street Journal reports. Stockholders of record on Tuesday, August 11th will be paid a dividend of 0.15 per share on Tuesday, August 25th. This represents a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, August 10th. This is a boost from Sutter Rock Capital’s previous — dividend of $0.12.

Shares of Sutter Rock Capital stock opened at $12.61 on Friday. Sutter Rock Capital has a 12-month low of $3.60 and a 12-month high of $14.91. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $10.31 and its 200-day moving average is $7.19.

Sutter Rock Capital (NASDAQ:SSSS) last announced its quarterly earnings data on Friday, May 8th. The company reported ($0.17) earnings per share (EPS) for the quarter. Sutter Rock Capital had a negative return on equity of 6.28% and a negative net margin of 1,111.71%. The company had revenue of $0.25 million for the quarter. On average, equities research analysts expect that Sutter Rock Capital will post -0.4 EPS for the current year.

In other news, major shareholder Robert S. Birch acquired 6,669 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were purchased at an average cost of $9.00 per share, with a total value of $60,021.00. Following the acquisition, the insider now directly owns 2,866,176 shares in the company, valued at approximately $25,795,584. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark D. Klein acquired 8,500 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $6.11 per share, for a total transaction of $51,935.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 300,169 shares of company stock worth $2,115,086. Insiders own 1.16% of the company’s stock.

A number of equities research analysts recently weighed in on SSSS shares. BidaskClub upgraded Sutter Rock Capital from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 16th. TheStreet cut Sutter Rock Capital from a “b” rating to a “c-” rating in a research note on Friday, May 22nd. Barrington Research increased their price target on Sutter Rock Capital from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Finally, BTIG Research restated a “buy” rating and issued a $16.00 price target on shares of Sutter Rock Capital in a research note on Sunday, July 26th.

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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