Saratoga Investment Corp (NYSE:SAR – Get Free Report) has been assigned a consensus recommendation of “Reduce” from the five ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $19.67.
A number of research analysts recently weighed in on the company. Compass Point reissued a “neutral” rating and issued a $18.00 price objective on shares of Saratoga Investment in a research note on Thursday, October 8th. Oppenheimer lowered their price objective on shares of Saratoga Investment from $22.00 to $21.00 and set a “market perform” rating on the stock in a research note on Thursday, July 9th. B. Riley Financial decreased their target price on Saratoga Investment from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, October 8th. Wall Street Zen upgraded Saratoga Investment from a “sell” rating to a “hold” rating in a research report on Saturday, October 10th. Finally, Weiss Ratings lowered shares of Saratoga Investment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday.
View Our Latest Analysis on SAR
Saratoga Investment Trading Down 2.6%
NYSE:SAR opened at $14.91 on Tuesday. The stock has a market cap of $232.08 million, a PE ratio of 7.40 and a beta of 0.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.13 and a quick ratio of 0.13. The stock’s 50-day moving average is $17.33 and its two-hundred day moving average is $20.04. Saratoga Investment has a fifty-two week low of $13.78 and a fifty-two week high of $24.07.
Saratoga Investment (NYSE:SAR – Get Free Report) last announced its quarterly earnings data on Tuesday, October 6th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). The firm had revenue of $31.17 million for the quarter, compared to analysts’ expectations of $31.46 million. Saratoga Investment had a positive return on equity of 8.66% and a negative net margin of 3.35%. As a group, equities research analysts forecast that Saratoga Investment will post 1.92 earnings per share for the current fiscal year.
Saratoga Investment Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Thursday, December 3rd will be issued a dividend of $0.25 per share. This represents a $3.00 annualized dividend and a yield of 20.1%. The ex-dividend date of this dividend is Thursday, December 3rd. Saratoga Investment’s dividend payout ratio (DPR) is currently -1,200.00%.
Insiders Place Their Bets
In other Saratoga Investment news, CEO Christian Oberbeck acquired 15,000 shares of the business’s stock in a transaction on Thursday, October 8th. The stock was purchased at an average price of $14.89 per share, for a total transaction of $223,350.00. Following the transaction, the chief executive officer owned 15,000 shares in the company, valued at $223,350. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.60% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Cetera Investment Advisers boosted its stake in shares of Saratoga Investment by 2.2% during the 1st quarter. Cetera Investment Advisers now owns 22,301 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 476 shares in the last quarter. Royal Bank of Canada grew its position in Saratoga Investment by 3.2% during the 1st quarter. Royal Bank of Canada now owns 17,950 shares of the financial services provider’s stock valued at $393,000 after purchasing an additional 557 shares during the last quarter. Triumph Capital Management raised its holdings in Saratoga Investment by 24.6% in the third quarter. Triumph Capital Management now owns 3,675 shares of the financial services provider’s stock worth $61,000 after buying an additional 725 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Saratoga Investment by 1.1% during the first quarter. Private Advisor Group LLC now owns 165,139 shares of the financial services provider’s stock valued at $3,612,000 after buying an additional 1,780 shares during the last quarter. Finally, Western Wealth Management LLC bought a new stake in shares of Saratoga Investment during the first quarter valued at approximately $70,000. Institutional investors and hedge funds own 19.09% of the company’s stock.
Saratoga Investment Company Profile
Saratoga Investment Corporation (NYSE:SAR) is a business development company that provides financing to lower middle-market companies in the United States. The company seeks to support businesses that may have limited access to traditional bank financing, working with private equity sponsors, management teams and other financial partners.
Through its investment portfolio, Saratoga Investment typically provides senior secured and subordinated debt, including first-lien, unitranche and second-lien loans, as well as mezzanine financing and equity investments.
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