Saratoga Investment (NYSE:SAR - Free Report) had its price target hoisted by Compass Point from $24.75 to $26.25 in a research note issued to investors on Friday, Benzinga reports. Compass Point currently has a buy rating on the financial services provider's stock.
SAR has been the subject of several other research reports. B. Riley reissued a neutral rating and set a $25.00 price target on shares of Saratoga Investment in a research report on Thursday. LADENBURG THALM/SH SH cut Saratoga Investment from a buy rating to a neutral rating in a research note on Thursday. Finally, Oppenheimer upped their price target on Saratoga Investment from $23.00 to $25.00 and gave the company a market perform rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Saratoga Investment presently has an average rating of Hold and a consensus target price of $25.81.
Check Out Our Latest Research Report on SAR
Saratoga Investment Trading Down 0.5 %
NYSE SAR traded down $0.12 during trading on Friday, hitting $23.82. 78,677 shares of the company's stock traded hands, compared to its average volume of 77,792. The firm has a market cap of $328.72 million, a P/E ratio of 15.71 and a beta of 1.32. The stock has a fifty day moving average of $23.14 and a two-hundred day moving average of $23.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.22 and a quick ratio of 0.07. Saratoga Investment has a 12-month low of $21.56 and a 12-month high of $27.00.
Saratoga Investment (NYSE:SAR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 9th. The financial services provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.08. The business had revenue of $38.68 million for the quarter, compared to analysts' expectations of $36.52 million. Saratoga Investment had a return on equity of 15.88% and a net margin of 13.64%. As a group, sell-side analysts expect that Saratoga Investment will post 3.6 EPS for the current year.
Saratoga Investment Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Wednesday, September 11th were issued a $0.74 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $2.96 annualized dividend and a yield of 12.43%. Saratoga Investment's dividend payout ratio (DPR) is presently 193.47%.
Institutional Investors Weigh In On Saratoga Investment
Several hedge funds have recently made changes to their positions in SAR. B. Riley Wealth Advisors Inc. grew its holdings in Saratoga Investment by 8.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 9,885 shares of the financial services provider's stock worth $225,000 after purchasing an additional 770 shares during the period. Avantax Advisory Services Inc. grew its stake in shares of Saratoga Investment by 7.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 11,393 shares of the financial services provider's stock worth $264,000 after buying an additional 832 shares during the last quarter. Next Level Private LLC increased its position in Saratoga Investment by 3.4% during the 2nd quarter. Next Level Private LLC now owns 32,535 shares of the financial services provider's stock valued at $739,000 after buying an additional 1,059 shares in the last quarter. Wedbush Securities Inc. raised its stake in Saratoga Investment by 12.2% during the second quarter. Wedbush Securities Inc. now owns 9,900 shares of the financial services provider's stock valued at $225,000 after buying an additional 1,075 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings 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 acquiring an additional 1,677 shares in the last quarter. 19.09% of the stock is currently owned by institutional investors.
Saratoga Investment Company Profile
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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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