Saratoga Investment Corp. (NYSE:SAR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.44 and traded as high as $25.33. Saratoga Investment shares last traded at $25.30, with a volume of 81,461 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on SAR shares. StockNews.com lowered shares of Saratoga Investment from a "buy" rating to a "hold" rating in a research report on Tuesday. Compass Point lowered their target price on Saratoga Investment from $26.25 to $25.25 and set a "buy" rating on the stock in a report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $25.08.
Check Out Our Latest Stock Analysis on SAR
Saratoga Investment Stock Down 0.6 %
The firm has a market capitalization of $360.90 million, a price-to-earnings ratio of 10.14 and a beta of 0.94. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average of $24.96 and a 200-day moving average of $24.46.
Saratoga Investment (NYSE:SAR - Get Free Report) last posted its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.08. Saratoga Investment had a return on equity of 15.53% and a net margin of 22.01%. As a group, sell-side analysts expect that Saratoga Investment Corp. will post 3.93 EPS for the current year.
Saratoga Investment Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 24th. Investors of record on Thursday, June 5th will be paid a $0.25 dividend. This is a positive change from Saratoga Investment's previous monthly dividend of $0.25. The ex-dividend date is Thursday, June 5th. This represents a $3.00 dividend on an annualized basis and a yield of 11.93%. Saratoga Investment's dividend payout ratio (DPR) is currently 120.97%.
Institutional Trading of Saratoga Investment
Several hedge funds and other institutional investors have recently modified their holdings of the business. Promus Capital LLC purchased a new stake in shares of Saratoga Investment in the fourth quarter worth approximately $30,000. JPMorgan Chase & Co. acquired a new stake in Saratoga Investment in the 3rd quarter worth approximately $116,000. Janney Montgomery Scott LLC bought a new stake in Saratoga Investment during the fourth quarter worth approximately $212,000. PVG Asset Management Corp acquired a new position in Saratoga Investment during the third quarter valued at approximately $236,000. Finally, Jane Street Group LLC acquired a new stake in shares of Saratoga Investment in the fourth quarter worth $252,000. Institutional investors and hedge funds own 19.09% of the company's stock.
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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