Sutter Rock Capital (NASDAQ:SSSS) Shares Up 6.9%

Sutter Rock Capital Corp. (NASDAQ:SSSS) shares shot up 6.9% on Monday . The stock traded as high as $6.54 and last traded at $6.48, 347,389 shares changed hands during mid-day trading. An increase of 80% from the average session volume of 193,158 shares. The stock had previously closed at $6.06.

The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.18. The company’s 50 day simple moving average is $6.20.

Sutter Rock Capital (NASDAQ:SSSS) last announced its earnings results on Wednesday, August 7th. The company reported ($0.14) earnings per share for the quarter. Sutter Rock Capital had a net margin of 108.18% and a negative return on equity of 2.11%. The firm had revenue of $0.49 million during the quarter. Analysts anticipate that Sutter Rock Capital Corp. will post 1.02 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State of New Jersey Common Pension Fund D bought a new position in shares of Sutter Rock Capital in the third quarter worth about $10,483,000. New Jersey Better Educational Savings Trust bought a new position in shares of Sutter Rock Capital in the third quarter worth about $87,000. NJ State Employees Deferred Compensation Plan bought a new position in shares of Sutter Rock Capital in the third quarter worth about $275,000. Supplemental Annuity Collective Trust of NJ bought a new position in shares of Sutter Rock Capital in the third quarter worth about $624,000. Finally, Wedbush Securities Inc. bought a new position in shares of Sutter Rock Capital in the third quarter worth about $80,000. Hedge funds and other institutional investors own 30.52% of the company’s stock.

Sutter Rock Capital Company Profile (NASDAQ:SSSS)

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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