SSSS - Sutter Rock Capital Corp.

NasdaqCM - NasdaqCM Delayed Price. Currency in USD
6.92
+0.05 (+0.68%)
As of 12:51PM EST. Market open.
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Previous Close6.87
Open6.90
Bid6.90 x 800
Ask6.92 x 800
Day's Range6.83 - 6.92
52 Week Range5.55 - 8.39
Volume46,435
Avg. Volume96,738
Market Cap131.511M
Beta (5Y Monthly)1.51
PE Ratio (TTM)30.74
EPS (TTM)0.22
Earnings DateMar 11, 2020 - Mar 15, 2020
Forward Dividend & Yield0.80 (11.64%)
Ex-Dividend DateDec 29, 2019
1y Target Est11.19
  • GlobeNewswire

    Sutter Rock Capital Corp. Announces Additional Adjustment to Conversion Rate for Convertible Notes

    Sutter Rock Capital Corp. (“Sutter Rock” or the “Company”) (SSSS) today announced an adjustment to the conversion rate of its 4.75% Convertible Senior Notes due 2023 (the “Notes”) as a result of the Company’s cash dividend payable on January 15, 2020. Effective as of December 31, 2019, the conversion price applicable to the Notes has been adjusted to $10.21 per share (97.9448 shares of the Company’s common stock per $1,000 principal amount of Notes) from the most recent conversion price of $10.39  per share (96.2265 shares of the Company’s common stock per $1,000 principal amount of Notes), which has been in effect since December 2, 2019.

  • Top Financial Sector Analyst Says These 3 Stocks Can Climb Higher
    TipRanks

    Top Financial Sector Analyst Says These 3 Stocks Can Climb Higher

    We expect a great singer to hit those beautiful high notes, right? We also count on the greatest basketball players to send the ball swishing through the net almost every single time.The same logic applies to the pros on Wall Street. We count on the experts to guide us to the right choice with their depth of knowledge, analytical precision and overall mastery of the art of investing.As is well known by now, 2019 has presented rich offerings to investors. After such an extended run, though, will the market keep soaring higher? Impossible to know, but we can turn to the most seasoned veterans in the field to shine a light on possibilities.BTIG’s financial sector analyst Mark Palmer is one such expert. The 5-star analyst ranks as one of the Street’s most reliable voices, as his track record can attest to. Recently, Palmer reassessed some of the stocks covered by BTIG and noted 3 names which he thinks are set for more growth ahead.According to TipRanks, a company that tracks and measures the performance of analysts, the Street seems to be in agreement with Palmer. Let’s dive in.Paypal Holdings (PYPL)Paypal hardly needs any introduction. The digital payment processor has been an ever-present feature since the turn of the century, meeting consumers’ online shopping and money transfer needs back in the days when online shopping was just kicking into gear.The payments giant has been on a shopping spree over the last couple of years. Only last week, Paypal completed the acquisition of a 70% equity interest in Chinese payments provider, GoPay, making it the first foreign online payments platform in China.This comes hot on the heels of November’s acquisition of Honey Science Corporation. Honey Science is the creator of a browser extension that helps shoppers find the best online deals. It is a profitable company, with 2018 annual revenue of over $100 million alongside enormous growth of more than 100%. Enough reasons, then, for Paypal to pull the trigger on Honey.Palmer thinks the new addition is an effort by Paypal to “make its platform more robust and differentiated in the face of increasing competition from tech companies such as Facebook Pay.”“We believe PYPL’s acquisition of Honey will help the company to make significant advances toward two of the goals it has pursued since spinning off from eBay (EBAY) in 2015: ubiquity and increased customer engagement. Honey should help PYPL to capture a consumer’s attention at the front end of the shopping funnel in addition to at its back end where it has become increasingly dominant,” the analyst said.With this in mind, Palmer reiterated a Buy rating on PYPL, alongside a price target of $130, implying potential upside of 20%. (To watch Palmer’s track record, click here)And what does the Street think of Paypal’s prospects? The Street is not far behind the 5-star analyst, as it happens. 23 Buys and 3 Hold ratings over the last three months bestow Strong Buy status on the digital payment leader. More that 16% gains could be lining investors’ pockets over the coming year, should the average price target of $126.09 be met. (See Paypal stock analysis on TipRanks) Q2 Holdings Inc (QTWO)Digital banking solutions provider Q2 also has not been shy on acquisitions. Following the 2018 purchases of Gro Solutions and Cloud Lending Solutions, QTWO recently completed the acquisition of PrecisionLender, a fast-growing enterprise SaaS provider for financial institutions.The company’s cloud-based virtual banking solutions for smaller regional and community financial institutions (RCFIs) seem to be working. In November, QTWO released its latest earnings report with an abundance of good news: record breaking registered users and bookings. On top of this, revenue of $80 million marked a 32% year-over-year increase and a fourth quarter in a row of 30%-plus revenue growth.Palmer views QTWO as “an attractive takeout target,” noting its “increasingly robust platform has become more of a threat to its larger competitors.“ Palmer opined, “Considering the company’s prospects to sustain its growth through winning new accounts, increasing penetration of existing accounts by promoting digital usage, and cross-selling across both the deposit and lending sides of the banks and credit unions it serves… We believe shares of QTWO are inexpensive in light of the company’s growth prospects, particularly given the expansion of the company’s platform beyond digital banking with the additions of Q2 Open, Cloud Lending, Gro and PrecisionLender.”As a result, the 5-star analyst kept the Buy rating and $95 price target. Palmer, therefore, sees potential for a 15% gain in the coming year.Q2 currently boasts a full house of only Buy ratings, 6 to be precise, meaning the company has a Strong Buy analyst consensus. The average price target is $93.80, providing upside potential of 14% from the current price. (See Q2 Holdings stock analysis on TipRanks) See also: 3 “Strong Buy” Stocks Poised to Ride the 5G WaveSutter Rock Capital Corporation (SSSS)Sutter Rock is an investment fund with an interest in late stage high-growth, venture-backed private companies. So, essentially, by investing in SSSS, you are investing in the company’s portfolio.According to Palmer, the investment firm’s market cap of $130 million is “a reminder of how wide the gap is between the company’s NAV (net asset value) and its deeply discounted valuation.”The net asset value refers to the amount of shares that make up the company’s holdings. SSSS has a stake in Coursera, Palantir, Ozy Media, and Course Hero amongst others. In Q3, it sold all its shares in Dropbox for $9.2 million in net proceeds and a realized gain of $1.7 million, and in LYFT, for net proceeds of $13.3 million and a realized gain of $9 million.Additionally, Sutter recently announced a buy-back of $10 million of its common shares, always a promising sign for investors. The sentiment is shared by Palmer, who noted, “We believe the stock is very inexpensive relative to its intrinsic value and that its discount valuation has created an attractive entry point for small-cap investors. The company provides investors with a vehicle through which they can access late-stage venture capital-backed private companies with strong operating fundamentals and the potential for scaled valuation growth in which they might otherwise not be able to invest.”Palmer, therefore, maintained the bullish recommendation, with a price target of $11.50. This indicates significant upside potential of 68%.Only one analyst has rated Sutter Rock over the last three months, joining Palmer in the Buy queue. Sutter, therefore, has a Moderate Buy consensus rating. The average price target of $11 is slightly below Palmer’s and implies gains of 61% in the new year. (See Sutter Rock stock-price forecast and analyst ratings) Check out these 5 ‘Strong Buy’ stocks that top Wall Street analysts recommend.

  • GlobeNewswire

    Sutter Rock Capital Corp. Declares $0.12 Per Share Dividend

    As previously announced by Sutter Rock on November 15, 2019, in addition to the dividend of $0.20 per share declared on November 5, 2019, the Company expected to declare an subsequent dividend in the range of $0.05 to $0.50 per share. This expected range was subject to the outcome of the then-outstanding modified “Dutch Auction” tender offer and ongoing M&A activity in Sutter Rock’s investment portfolio during the fourth quarter of the year. At this time, the Company is still awaiting the outcome of the anticipated merger of Sutter Rock portfolio company Parchment Inc. with Credentials Solutions (the “Parchment Merger”).

  • Hedge Funds Have Never Been This Bullish On Sutter Rock Capital Corp. (SSSS)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Sutter Rock Capital Corp. (SSSS)

    The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]

  • GlobeNewswire

    Sutter Rock Capital Corp. Announces Adjustment of Conversion Rate for Convertible Notes

    Sutter Rock Capital Corp. (“Sutter Rock” or the “Company”) (SSSS) today announced an adjustment to the conversion rate of its 4.75% Convertible Senior Notes due 2023 (the “Notes”) as a result of the Company’s recently completed modified “Dutch Auction” tender offer to repurchase shares of its common stock (the “Tender Offer”) and its cash dividend payable on December 12, 2019. Effective as of December 2, 2019, the conversion price applicable to the Notes has been adjusted to $10.39 per share (96.2265 shares of the Company’s common stock per $1,000 principal amount of Notes) from an initial conversion price of $10.72 per share (93.2836 shares of the Company’s common stock per $1,000 principal amount of Notes).

  • GlobeNewswire

    Sutter Rock Capital Corp. Announces Expiration and Final Results of Modified Dutch Auction Tender Offer to Repurchase up to $10.0 Million of its Common Stock

    The Company’s Tender Offer expired at 5:00 P.M., Eastern time, on November 20, 2019. The Tender Offer was made pursuant to an Offer to Purchase dated October 21, 2019 and the related Letter of Transmittal, by which the Company offered to purchase up to $10.0 million of its common stock at a price per share not less than $6.00 and not greater than $8.00 in $0.10 increments, using available cash, which documents were filed with the Securities and Exchange Commission on October 21, 2019.

  • GlobeNewswire

    Sutter Rock Capital Corp. Announces Expiration and Preliminary Results of Modified Dutch Auction Tender Offer to Repurchase up to $10.0 Million of its Common Stock

    The Company’s Tender Offer expired at 5:00 P.M., Eastern time, on November 20, 2019. The Tender Offer was made pursuant to an Offer to Purchase dated October 21, 2019 and the related Letter of Transmittal, by which the Company offered to purchase up to $10.0 million of its common stock at a price per share not less than $6.00 and not greater than $8.00 in $0.10 increments, using available cash, which documents were filed with the Securities and Exchange Commission on October 21, 2019.

  • GlobeNewswire

    Sutter Rock Capital Corp. Provides Additional Clarity on Dividend Distribution

    On November 5, 2019, Sutter Rock’s Board of Directors declared a $0.20 per share cash dividend, payable on December 12, 2019 to the Company’s common stockholders of record as of the close of business on December 2, 2019. As part of the November 6, 2019 earnings announcement, Sutter Rock also disclosed that it anticipated declaring an additional dividend by year end. Sutter Rock’s $0.20 per share dividend and the anticipated additional dividend are expected to be reported as capital gains dividends and treated as long-term capital gains by stockholders.

  • GlobeNewswire

    Sutter Rock Capital Corp. Reports Third Quarter 2019 Financial Results

    Net Asset Value of $11.24 Per Share as of September 30, 2019 Sutter Rock Declares $0.20 Per Share Dividend SAN FRANCISCO, Nov. 06, 2019 -- Sutter Rock Capital Corp..

  • GlobeNewswire

    Sutter Rock Capital Corp. to Report Third Quarter 2019 Financial Results on Wednesday, November 6, 2019

    SAN FRANCISCO, Oct. 31, 2019 -- Sutter Rock Capital Corp. (“Sutter Rock”) (Nasdaq:SSSS) today announced that it will report its financial results for the quarter ended.

  • GlobeNewswire

    Sutter Rock Capital Corp. Will Commence a Modified Dutch Auction Tender Offer to Repurchase up to $10.0 Million of its Common Stock

    Sutter Rock Capital Corp. (“Sutter Rock” or the “Company”) (Nasdaq:SSSS) announced today that it will commence a modified “Dutch Auction” tender offer (the “Tender Offer”) to purchase up to $10.0 million of its common stock at a price per share not less than $6.00 and not greater than $8.00 in $0.10 increments, using available cash. The Tender Offer will commence on October 21, 2019 and will expire at 5:00 P.M., on November 20, 2019, unless extended. If the Tender Offer is fully subscribed, Sutter Rock will purchase between 1,250,000 shares and 1,666,667 shares, or between 6.57% and 8.77%, respectively, of Sutter Rock’s outstanding shares of its common stock.

  • ACCESSWIRE

    MicroCap Rodeo Investor Conference Lineup October 15 and 16, 2019

    AUSTIN, TX / ACCESSWIRE / October 15, 2019 / The MicroCap Rodeo's inaugural event is set for October 15, and 16 th , 2019 in Austin Texas at the Hilton downtown Austin. Focused on the best ideas concept, ...

  • GlobeNewswire

    Sutter Rock Capital Corp. Third Quarter 2019 Preliminary Investment and Portfolio Activity Update

    SAN FRANCICSO, Oct. 07, 2019 -- Sutter Rock Capital Corp. (“Sutter Rock” or the “Company”) (Nasdaq:SSSS) today provided the following update on its investment and portfolio.

  • GlobeNewswire

    Sutter Rock Capital to Ring the NASDAQ Stock Market Opening Bell

    SAN FRANCISCO, Sept. 03, 2019 -- Sutter Rock Capital Corp. (“Sutter Rock” or the “Company”) (Nasdaq:SSSS) today announced that the Sutter Rock Team will ring the opening bell.

  • GlobeNewswire

    Sutter Rock Capital Corp. Reports Second Quarter 2019 Financial Results

    Net Asset Value of $10.75 per Share as of June 30, 2019 Board of Directors Approves Additional $5.0 Million for Share Repurchase Program; Bringing Share Repurchase Program.