Saratoga Investment Corp. (NYSE:SAR - Get Free Report) declared a None dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Wednesday, December 4th will be given a dividend of 1.09 per share by the financial services provider on Thursday, December 19th. This represents a yield of 11.9%. The ex-dividend date of this dividend is Wednesday, December 4th.
Saratoga Investment Stock Performance
NYSE:SAR traded up $0.42 during mid-day trading on Friday, reaching $24.80. 87,362 shares of the company's stock were exchanged, compared to its average volume of 75,484. Saratoga Investment has a one year low of $21.56 and a one year high of $27.00. The firm has a market capitalization of $342.24 million, a PE ratio of 16.18 and a beta of 1.31. The business's fifty day simple moving average is $23.63 and its two-hundred day simple moving average is $23.33. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.22 and a current ratio of 0.22.
Saratoga Investment (NYSE:SAR - Get Free Report) last released its quarterly earnings results on Tuesday, October 8th. The financial services provider reported $1.33 EPS for the quarter, topping 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 business had revenue of $43.00 million for the quarter, compared to analyst estimates of $36.84 million. Analysts anticipate that Saratoga Investment will post 3.93 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on SAR. B. Riley reaffirmed a "neutral" rating and set a $25.00 price target on shares of Saratoga Investment in a research report on Thursday, October 10th. Compass Point increased 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. LADENBURG THALM/SH SH downgraded shares of Saratoga Investment from a "buy" rating to a "neutral" rating in a research note on Thursday, October 10th. Finally, Oppenheimer increased their price objective on shares of 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 analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $25.42.
View Our Latest Analysis on Saratoga Investment
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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