Saratoga Investment (NYSE:SAR) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Saratoga Investment Corp. (NYSE:SAR - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.98 and traded as high as $25.50. Saratoga Investment shares last traded at $25.00, with a volume of 210,284 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SAR shares. StockNews.com raised shares of Saratoga Investment from a "hold" rating to a "buy" rating in a research note on Sunday, January 26th. Compass Point dropped their price objective on shares of Saratoga Investment from $26.25 to $25.25 and set a "buy" rating on the stock in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Saratoga Investment has an average rating of "Hold" and an average target price of $25.08.

Saratoga Investment Stock Up 0.3 %

The stock has a market cap of $364.07 million, a PE ratio of 10.23 and a beta of 1.34. 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 business has a 50-day moving average price of $24.52 and a 200-day moving average price of $24.02.

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 15.53% and a net margin of 22.01%. As a group, analysts forecast that Saratoga Investment Corp. will post 3.93 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in shares of Saratoga Investment in the 3rd quarter worth $116,000. International Assets Investment Management LLC grew its position in Saratoga Investment by 2,268.4% in the 3rd 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 Saratoga Investment in the 3rd quarter valued at about $1,450,000. Janney Montgomery Scott LLC acquired a new position in Saratoga Investment in the 4th quarter valued at about $212,000. Finally, Wealthcare Advisory Partners LLC grew its position in Saratoga Investment by 2.9% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 32,845 shares of the financial services provider's stock valued at $786,000 after acquiring an additional 911 shares in the last quarter. Hedge funds and other 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.