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 an increase from Sutter Rock Capital’s previous — dividend of $0.12.
Shares of Sutter Rock Capital stock opened at $12.61 on Friday. The company’s fifty day simple moving average is $10.31 and its 200-day simple moving average is $7.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.03 and a current ratio of 1.03. Sutter Rock Capital has a 1 year low of $3.60 and a 1 year high of $14.91.
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. The company had revenue of $0.25 million during the quarter. Sutter Rock Capital had a negative return on equity of 6.28% and a negative net margin of 1,111.71%. Equities analysts forecast that Sutter Rock Capital will post -0.4 earnings per share for the current year.
In related news, major shareholder Robert S. Birch acquired 25,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was bought at an average cost of $6.14 per share, with a total value of $153,500.00. Following the completion of the acquisition, the insider now owns 2,486,176 shares in the company, valued at $15,265,120.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Robert S. Birch acquired 5,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of $6.21 per share, with a total value of $31,050.00. Following the completion of the acquisition, the insider now owns 2,491,176 shares of the company’s stock, valued at approximately $15,470,202.96. The disclosure for this purchase can be found here. Insiders have acquired 300,169 shares of company stock worth $2,115,086 in the last quarter. Corporate insiders own 1.16% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. BTIG Research restated a “buy” rating and issued a $16.00 price objective on shares of Sutter Rock Capital in a research note on Sunday, July 26th. BidaskClub upgraded shares of Sutter Rock Capital from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 16th. TheStreet downgraded shares of Sutter Rock Capital from a “b” rating to a “c-” rating in a research note on Friday, May 22nd. Finally, Barrington Research lifted their price target on shares of Sutter Rock Capital from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th.
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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