Saratoga Investment (NYSE:SAR) posted its earnings results on Thursday. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.10, Fidelity Earnings reports. Saratoga Investment had a net margin of 67.27% and a return on equity of 8.30%.
Shares of NYSE SAR opened at $22.62 on Friday. The business has a fifty day simple moving average of $21.29 and a 200 day simple moving average of $18.53. Saratoga Investment has a one year low of $5.94 and a one year high of $28.70. The firm has a market capitalization of $252.76 million, a price-to-earnings ratio of 6.13 and a beta of 1.62.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 10th. Shareholders of record on Tuesday, January 26th will be given a dividend of $0.42 per share. The ex-dividend date is Monday, January 25th. This represents a $1.68 dividend on an annualized basis and a yield of 7.43%. This is a boost from Saratoga Investment’s previous quarterly dividend of $0.41. Saratoga Investment’s dividend payout ratio is presently 65.86%.
A number of equities research analysts recently issued reports on SAR shares. LADENBURG THALM/SH SH upped their price objective on shares of Saratoga Investment from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research lowered shares of Saratoga Investment from a “buy” rating to a “hold” rating in a research note on Tuesday, November 10th. Janney Montgomery Scott upgraded shares of Saratoga Investment from a “neutral” rating to a “buy” rating in a research note on Thursday. ValuEngine upgraded shares of Saratoga Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, December 1st. Finally, TheStreet raised Saratoga Investment from a “c” rating to a “b-” rating in a report on Tuesday, October 13th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $21.79.
About Saratoga Investment
Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. It structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity.
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