Sutter Rock Capital Corp. (NASDAQ:SSSS) spotted trading -18.00% off 52-week high price. On the other end, the stock has been noted 37.87% away from the low price over the last 52-weeks. The stock changed 1.18% to recent value of $6.88. The stock transacted 136520 shares during most recent day however it has an average volume of 106.27K shares. The company has 19.01M of outstanding shares.
On Dec. 20, 2019, Sutter Rock Capital Corp. (NASDAQ:SSSS) a publicly traded investment fund that seeks to invest in high-growth, venture-backed private companies, reported the Company’s Board of Directors has declared a dividend in the amount of $0.12 per share payable on January 15, 2020 to the Company’s stockholders of record as of the close of business on December 31, 2019. The dividend will be paid in cash.
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). Parchment Inc. is a leading platform for issuing and receiving academic and professional credentials and Credentials Solutions is a leading higher education transcript service provider.
If the Parchment Merger closes prior to year-end, Sutter Rock expects to declare a 2019 spill-over dividend to be paid in January 2020, which, when aggregated with this $0.12 per share dividend, would result in the total of the two dividends being at the high end of the previously announced range.
All 2019 Sutter Rock dividends declared to date are expected to be reported as capital gains dividends and treated as long-term capital gains by stockholders. Sutter Rock does not anticipate having any investment company taxable income for the current year; therefore, the Company does not expect any portion of the current year dividends to be ordinary dividends.
Its earnings per share (EPS) expected to touch remained 544.40% for this year.
The price moved ahead of 1.66% from the mean of 20 days, 4.04% from mean of 50 days SMA and performed 4.70% from mean of 200 days price. Company’s performance for the week was 1.93%, 3.30% for month and YTD performance remained 31.80%.
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