Sutter Rock Capital Corp. (NASDAQ:SSSS) Receives Consensus Recommendation of “Strong Buy” from Analysts

Shares of Sutter Rock Capital Corp. (NASDAQ:SSSS) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Analysts have set a one year consensus price target of $11.63 for the company, according to Zacks. Zacks has also given Sutter Rock Capital an industry rank of 38 out of 255 based on the ratings given to related companies.

Separately, TheStreet raised Sutter Rock Capital from a “c” rating to a “b” rating in a research note on Wednesday, November 27th.

A number of institutional investors and hedge funds have recently modified their holdings of the business. State of New Jersey Common Pension Fund D purchased a new position in Sutter Rock Capital in the third quarter worth about $10,483,000. Oppenheimer & Co. Inc. bought a new position in Sutter Rock Capital in the third quarter worth about $2,128,000. Resource America Inc. acquired a new stake in shares of Sutter Rock Capital in the third quarter valued at approximately $1,827,000. Millennium Management LLC acquired a new stake in shares of Sutter Rock Capital in the third quarter valued at approximately $1,209,000. Finally, Beach Point Capital Management LP acquired a new stake in shares of Sutter Rock Capital in the third quarter valued at approximately $955,000. 27.47% of the stock is owned by institutional investors and hedge funds.

Shares of SSSS stock traded down $0.07 during trading on Friday, hitting $6.70. The company had a trading volume of 331 shares. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.18. The business’s 50-day simple moving average is $6.65. Sutter Rock Capital has a 52 week low of $4.99 and a 52 week high of $8.39.

The company also recently announced a dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be paid a $0.20 dividend. The ex-dividend date is Friday, November 29th.

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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