Saratoga Investment (NYSE:SAR - Get Free Report) had its target price raised by Oppenheimer from $23.00 to $25.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a "market perform" rating on the financial services provider's stock. Oppenheimer's target price suggests a potential upside of 4.43% from the stock's current price.
SAR has been the topic of a number of other research reports. LADENBURG THALM/SH SH cut shares of Saratoga Investment from a "buy" rating to a "neutral" rating in a research note on Thursday. Compass Point upgraded shares of Saratoga Investment from a "neutral" rating to a "buy" rating and set a $24.75 price objective for the company in a research report on Thursday, July 11th. Finally, B. Riley reiterated a "neutral" rating and set a $25.00 price target on shares of Saratoga Investment in a research note on Thursday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Saratoga Investment presently has an average rating of "Hold" and an average target price of $25.44.
Check Out Our Latest Analysis on Saratoga Investment
Saratoga Investment Trading Down 3.6 %
Shares of NYSE SAR traded down $0.90 during midday trading on Thursday, hitting $23.94. The company's stock had a trading volume of 109,280 shares, compared to its average volume of 77,788. Saratoga Investment has a 12-month low of $21.56 and a 12-month high of $27.00. The firm has a market cap of $329.08 million, a P/E ratio of 19.79 and a beta of 1.32. The business's 50 day moving average is $23.14 and its two-hundred day moving average is $23.21. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.09.
Saratoga Investment (NYSE:SAR - Get Free Report) last posted its earnings results on Tuesday, July 9th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.08. The company had revenue of $38.68 million for the quarter, compared to analyst estimates of $36.52 million. Saratoga Investment had a return on equity of 14.67% and a net margin of 10.66%. As a group, equities research analysts expect that Saratoga Investment will post 3.6 EPS for the current year.
Institutional Investors Weigh In On Saratoga Investment
A number of institutional investors have recently added to or reduced their stakes in SAR. Quadrature Capital Ltd grew its position in Saratoga Investment by 80.3% during the fourth quarter. Quadrature Capital Ltd now owns 100,385 shares of the financial services provider's stock valued at $2,595,000 after purchasing an additional 44,722 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of Saratoga Investment in the first quarter valued at $710,000. Hennion & Walsh Asset Management Inc. raised its position in Saratoga Investment by 1.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 125,373 shares of the financial services provider's stock worth $2,909,000 after purchasing an additional 2,154 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Saratoga Investment by 14.3% in the 1st quarter. Private Advisor Group LLC now owns 126,133 shares of the financial services provider's stock worth $2,926,000 after buying an additional 15,782 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Saratoga Investment by 21.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 22,843 shares of the financial services provider's stock valued at $530,000 after purchasing an additional 4,016 shares in the last quarter. 19.09% of the stock is currently owned by institutional investors and hedge funds.
About Saratoga Investment
(
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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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