International Assets Investment Management LLC Decreases Stock Holdings in Saratoga Investment Corp. (NYSE:SAR)

International Assets Investment Management LLC decreased its position in Saratoga Investment Corp. (NYSE:SAR - Free Report) by 29.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,569 shares of the financial services provider's stock after selling 32,669 shares during the quarter. International Assets Investment Management LLC owned 0.58% of Saratoga Investment worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of SAR. JPMorgan Chase & Co. bought a new stake in Saratoga Investment during the third quarter worth approximately $116,000. B. Riley Wealth Advisors Inc. increased its position in shares of Saratoga Investment by 8.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 9,885 shares of the financial services provider's stock valued at $225,000 after purchasing an additional 770 shares during the last quarter. Wedbush Securities Inc. increased its position in shares of Saratoga Investment by 12.2% during the 2nd quarter. Wedbush Securities Inc. now owns 9,900 shares of the financial services provider's stock valued at $225,000 after purchasing an additional 1,075 shares during the last quarter. PVG Asset Management Corp purchased a new stake in Saratoga Investment during the 3rd quarter valued at $236,000. Finally, Commonwealth Equity Services LLC lifted its position in Saratoga Investment by 8.2% in the second quarter. Commonwealth Equity Services LLC now owns 22,224 shares of the financial services provider's stock worth $505,000 after buying an additional 1,677 shares during the last quarter. 19.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SAR has been the topic of a number of analyst reports. Compass Point boosted their price objective on shares of Saratoga Investment from $24.75 to $26.25 and gave the company a "buy" rating in a research report on Friday, October 11th. LADENBURG THALM/SH SH lowered shares of Saratoga Investment from a "buy" rating to a "neutral" rating in a research report on Thursday, October 10th. B. Riley restated a "neutral" rating and set a $25.00 target price on shares of Saratoga Investment in a research report on Thursday, October 10th. Finally, Oppenheimer raised their price target on Saratoga Investment from $23.00 to $25.00 and gave the stock a "market perform" rating in a research note on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Saratoga Investment presently has a consensus rating of "Hold" and an average price target of $25.42.

Saratoga Investment Stock Up 1.1 %

Shares of Saratoga Investment stock traded up $0.26 during trading on Thursday, hitting $24.47. 81,863 shares of the stock traded hands, compared to its average volume of 51,133. 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's fifty day simple moving average is $24.45 and its 200 day simple moving average is $23.66. The firm has a market cap of $337.71 million, a P/E ratio of 15.99 and a beta of 1.33. Saratoga Investment Corp. has a 52-week low of $21.56 and a 52-week high of $26.49.

Saratoga Investment (NYSE:SAR - Get Free Report) last posted its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.82 by $0.08. Saratoga Investment had a net margin of 13.64% and a return on equity of 15.88%. On average, equities analysts predict that Saratoga Investment Corp. will post 3.93 earnings per share for the current fiscal year.

Saratoga Investment Announces Dividend

The business also recently announced a None dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, December 4th were given a dividend of $1.09 per share. The ex-dividend date was Wednesday, December 4th. This represents a yield of 11.9%. Saratoga Investment's dividend payout ratio (DPR) is presently 193.46%.

Saratoga Investment 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.