By otakuyassine3@gmail.com 
Shares of Saratoga Investment Corp. (NYSE:SAR – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.62 and traded as high as $23.89. Saratoga Investment shares last traded at $23.68, with a volume of 44,526 shares traded.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Compass Point upped their price objective on shares of Saratoga Investment from $24.75 to $26.25 and gave the stock a “buy” rating in a research note on Friday, October 11th. B. Riley restated a “neutral” rating and set a $25.00 target price on shares of Saratoga Investment in a report on Thursday, October 10th. Oppenheimer boosted their price target on Saratoga Investment from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Thursday, October 10th. Finally, LADENBURG THALM/SH SH lowered Saratoga Investment from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.42.
Read Our Latest Stock Report on SAR
Saratoga Investment Price Performance
The stock has a 50-day moving average price of $24.44 and a two-hundred day moving average price of $23.61. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.14. The stock has a market cap of $330.26 million, a price-to-earnings ratio of 15.64 and a beta of 1.33.
Saratoga Investment (NYSE:SAR – Get Free Report) last posted its quarterly earnings data on Tuesday, October 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.39. Saratoga Investment had a net margin of 13.64% and a return on equity of 15.88%. The firm had revenue of $43.00 million for the quarter, compared to the consensus estimate of $36.84 million. As a group, equities research analysts forecast that Saratoga Investment Corp. will post 3.93 EPS for the current year.
Saratoga Investment Dividend Announcement
The business also recently disclosed a None dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th were issued a dividend of $1.09 per share. This represents a dividend yield of 11.9%. The ex-dividend date was Wednesday, December 4th. Saratoga Investment’s dividend payout ratio (DPR) is presently 193.46%.
Institutional Trading of Saratoga Investment
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in shares of Saratoga Investment by 2,268.4% during the third quarter. International Assets Investment Management LLC now owns 112,238 shares of the financial services provider’s stock worth $2,603,000 after purchasing an additional 107,499 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in shares of Saratoga Investment in the 3rd quarter valued at about $1,450,000. Hennion & Walsh Asset Management Inc. boosted its position in Saratoga Investment by 14.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 138,185 shares of the financial services provider’s stock worth $3,205,000 after purchasing an additional 17,379 shares in the last quarter. PVG Asset Management Corp acquired a new stake in Saratoga Investment during the third quarter valued at $236,000. Finally, Next Level Private LLC increased its stake in shares of Saratoga Investment by 20.3% in the 3rd quarter. Next Level Private LLC now owns 39,154 shares of the financial services provider’s stock valued at $908,000 after purchasing an additional 6,619 shares in the last quarter. Institutional investors and hedge funds own 19.09% of the company’s stock.
Saratoga Investment Company Profile
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.
Further Reading
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