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Featured MNV Articles:

Reminder - Sutter Rock Capital (SSSS) Goes Ex-Dividend Soon
Wednesday, November 27, 10:01 AM ET, by Market News Video Staff

On 11/29/19, Sutter Rock Capital Corp (SSSS) will trade ex-dividend, for its quarterly dividend of ...

Cash Dividend On The Way From Sutter Rock Capital (SSSS)
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On 12/30/19, Sutter Rock Capital Corp (SSSS) will trade ex-dividend, for its quarterly dividend of ...

Top Buys by Top Brass: CEO and President Klein's $125K Bet on SSSS
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A company's own top management tend to have the best inside view into the business, ...

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Top Buys by Directors: Klein's $1.1M Bet on SSSS

By Dividend Channel Staff, Wednesday, November 18, 1:59 PM ET
Play Video: One Reason For Insiders to Buy


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The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $1.1M invested across 2 purchases by Mark D. Klein, CEO and President at Suro Capital Corp (NASDAQ:SSSS).

Klein bets big on SSSS:

Purchased Insider Title Shares Price/Share Value
11/11/2020 Mark D. Klein CEO and President 6,950 $9.18 $63,790.00
11/17/2020 Mark D. Klein CEO and President 99,661 $9.94 $990,251.52

Klein's average cost works out to $9.89/share. Shares of Suro Capital Corp were changing hands at $10.54 at last check, trading up about 2.4% on Wednesday. The chart below shows the one year performance of SSSS shares, versus its 200 day moving average:

Suro Capital Corp Chart

Looking at the chart above, SSSS's low point in its 52 week range is $3.60 per share, with $14.91 as the 52 week high point — that compares with a last trade of $10.54.

The current annualized dividend paid by Suro Capital Corp is $1/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/09/2020. Below is a long-term dividend history chart for SSSS, which can be of good help in judging whether the most recent dividend with approx. 9.7% annualized yield is likely to continue.


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