Saratoga Investment (NYSE:SAR) Price Target Lowered to $25.25 at Compass Point

Saratoga Investment (NYSE:SAR - Get Free Report) had its target price decreased by equities researchers at Compass Point from $26.25 to $25.25 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the financial services provider's stock. Compass Point's price target points to a potential upside of 3.53% from the stock's current price.

Several other equities research analysts have also issued reports on SAR. StockNews.com upgraded shares of Saratoga Investment from a "hold" rating to a "buy" rating in a research note on Friday. B. Riley reaffirmed a "neutral" rating and issued a $25.00 target price on shares of Saratoga Investment in a research report on Thursday, October 10th. LADENBURG THALM/SH SH lowered Saratoga Investment from a "buy" rating to a "neutral" rating in a report on Thursday, October 10th. Finally, Oppenheimer raised their price target on Saratoga Investment from $23.00 to $25.00 and gave the company a "market perform" rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Saratoga Investment presently has a consensus rating of "Hold" and a consensus price target of $25.08.

Saratoga Investment Stock Up 0.9 %

SAR stock traded up $0.21 during trading hours on Monday, reaching $24.39. 68,935 shares of the stock were exchanged, compared to its average volume of 64,032. The company has a market cap of $349.90 million, a price-to-earnings ratio of 15.94 and a beta of 1.33. The firm's 50-day moving average is $24.49 and its 200-day moving average is $23.69. Saratoga Investment has a 12 month low of $21.56 and a 12 month high of $26.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.22 and a quick ratio of 0.22.

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

Institutional Trading of Saratoga Investment

Several hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC grew its stake in shares of Saratoga Investment by 2,268.4% in the third quarter. International Assets Investment Management LLC now owns 112,238 shares of the financial services provider's stock valued at $2,603,000 after acquiring an additional 107,499 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Saratoga Investment during the 3rd quarter worth approximately $1,450,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Saratoga Investment by 14.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 138,185 shares of the financial services provider's stock worth $3,205,000 after purchasing an additional 17,379 shares during the period. PVG Asset Management Corp acquired a new stake in shares of Saratoga Investment in the third quarter valued at approximately $236,000. Finally, Next Level Private LLC boosted its stake in shares of Saratoga Investment by 20.3% in the third quarter. Next Level Private LLC now owns 39,154 shares of the financial services provider's stock valued at $908,000 after buying an additional 6,619 shares during the period. Institutional investors own 19.09% of the company's stock.

Saratoga Investment Company 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.