International Assets Investment Management LLC Purchases 107,499 Shares of Saratoga Investment Corp. (NYSE:SAR)

International Assets Investment Management LLC boosted its stake in Saratoga Investment Corp. (NYSE:SAR - Free Report) by 2,268.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,238 shares of the financial services provider's stock after purchasing an additional 107,499 shares during the period. International Assets Investment Management LLC owned about 0.82% of Saratoga Investment worth $2,603,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wedbush Securities Inc. increased its holdings in Saratoga Investment by 12.2% in the 2nd quarter. Wedbush Securities Inc. now owns 9,900 shares of the financial services provider's stock worth $225,000 after purchasing an additional 1,075 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Saratoga Investment by 8.4% in 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 buying an additional 770 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in Saratoga Investment by 7.9% during 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 period. Commonwealth Equity Services LLC lifted its holdings in shares of Saratoga Investment by 8.2% during the second quarter. Commonwealth Equity Services LLC now owns 22,224 shares of the financial services provider's stock worth $505,000 after purchasing an additional 1,677 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of Saratoga Investment by 21.3% in the first quarter. Janney Montgomery Scott LLC now owns 22,843 shares of the financial services provider's stock worth $530,000 after purchasing an additional 4,016 shares during the last quarter. Institutional investors and hedge funds own 19.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SAR. Oppenheimer raised their price target on shares of Saratoga Investment from $23.00 to $25.00 and gave the stock a "market perform" rating in a report on Thursday, October 10th. B. Riley reaffirmed a "neutral" rating and set a $25.00 target price on shares of Saratoga Investment in a research note on Thursday, October 10th. Compass Point increased their price target on Saratoga Investment from $24.75 to $26.25 and gave the stock a "buy" rating in a report on Friday, October 11th. Finally, LADENBURG THALM/SH SH downgraded shares of Saratoga Investment from a "buy" rating to a "neutral" rating in a research report on Thursday, October 10th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Saratoga Investment has an average rating of "Hold" and a consensus price target of $25.42.

Saratoga Investment Stock Down 0.9 %

NYSE:SAR traded down $0.21 during trading hours on Friday, hitting $23.23. 53,767 shares of the company traded hands, compared to its average volume of 73,130. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.14. The company has a market cap of $320.57 million, a PE ratio of 15.18 and a beta of 1.31. The firm's 50-day simple moving average is $23.60 and its 200-day simple moving average is $23.31. Saratoga Investment Corp. has a one year low of $21.56 and a one year high of $27.00.

Saratoga Investment (NYSE:SAR - Get Free Report) last released its quarterly earnings results on Tuesday, October 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.39. Saratoga Investment had a net margin of 13.64% and a return on equity of 15.88%. The company had revenue of $43.00 million for the quarter, compared to analyst estimates of $36.84 million. Equities analysts predict that Saratoga Investment Corp. will post 3.93 earnings per share for the current year.

Saratoga Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Wednesday, September 11th were issued a dividend of $0.74 per share. The ex-dividend date was Wednesday, September 11th. This represents a $2.96 dividend on an annualized basis and a yield of 12.74%. Saratoga Investment's dividend payout ratio (DPR) is currently 193.47%.

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.