Saratoga Investment (NYSE:SAR - Get Free Report) released its quarterly earnings data on Wednesday. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.82 by $0.08, Zacks reports. Saratoga Investment had a return on equity of 15.88% and a net margin of 13.64%.
Saratoga Investment Trading Up 1.1 %
NYSE SAR traded up $0.26 during trading on Wednesday, hitting $24.47. The company had a trading volume of 81,863 shares, compared to its average volume of 51,133. The company's fifty day moving average is $24.44 and its 200-day moving average is $23.66. Saratoga Investment has a one year low of $21.56 and a one year high of $26.49. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.14. The company has a market cap of $337.71 million, a price-to-earnings ratio of 15.99 and a beta of 1.33.
Saratoga Investment Announces Dividend
The business also recently declared a None dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, December 4th were issued a $1.09 dividend. This represents a yield of 11.9%. The ex-dividend date was Wednesday, December 4th. Saratoga Investment's dividend payout ratio (DPR) is currently 193.46%.
Analyst Ratings Changes
A number of brokerages have commented on SAR. Compass Point lifted their price target on Saratoga Investment from $24.75 to $26.25 and gave the stock a "buy" rating in a research note on Friday, October 11th. Oppenheimer lifted their target price 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. B. Riley reissued a "neutral" rating and set a $25.00 price target on shares of Saratoga Investment in a research report on Thursday, October 10th. Finally, LADENBURG THALM/SH SH cut shares of Saratoga Investment from a "buy" rating to a "neutral" rating in a research report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Saratoga Investment currently has a consensus rating of "Hold" and an average price target of $25.42.
Check Out Our Latest Research Report on SAR
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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