Shares of Saratoga Investment Corp. (NYSE:SAR - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.65 and traded as high as $24.45. Saratoga Investment shares last traded at $24.23, with a volume of 41,074 shares traded.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on SAR. Oppenheimer lifted their price target on shares of Saratoga Investment from $23.00 to $25.00 and gave the company a "market perform" rating in a report 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. Compass Point raised their price objective on Saratoga Investment from $24.75 to $26.25 and gave the stock a "buy" rating in a report on Friday, October 11th. Finally, LADENBURG THALM/SH SH cut Saratoga Investment from a "buy" rating to a "neutral" rating in a 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. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $25.42.
Get Our Latest Stock Analysis on Saratoga Investment
Saratoga Investment Stock Up 0.1 %
The firm has a 50-day simple moving average of $24.44 and a 200 day simple moving average of $23.66. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.22 and a quick ratio of 0.22. The company has a market capitalization of $334.67 million, a PE ratio of 15.85 and a beta of 1.33.
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 the consensus estimate of $0.94 by $0.39. Saratoga Investment had a return on equity of 15.88% and a net margin of 13.64%. The firm had revenue of $43.00 million for the quarter, compared to analyst estimates of $36.84 million. On average, research analysts predict that Saratoga Investment Corp. will post 3.93 EPS for the current fiscal year.
Saratoga Investment Announces Dividend
The company also recently disclosed a None dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, December 4th were issued a $1.09 dividend. The ex-dividend date was Wednesday, December 4th. This represents a yield of 11.9%. Saratoga Investment's dividend payout ratio is currently 193.46%.
Institutional Investors Weigh In On Saratoga Investment
Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC boosted its stake in shares of Saratoga Investment by 2,268.4% during 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 buying an additional 107,499 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Saratoga Investment in the third quarter valued at $1,450,000. Hennion & Walsh Asset Management Inc. boosted its stake in Saratoga Investment by 14.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 138,185 shares of the financial services provider's stock valued at $3,205,000 after acquiring an additional 17,379 shares during the last quarter. PVG Asset Management Corp acquired a new position in Saratoga Investment during the 3rd quarter worth $236,000. Finally, Next Level Private LLC increased its position in shares of Saratoga Investment by 20.3% in the 3rd quarter. Next Level Private LLC now owns 39,154 shares of the financial services provider's stock worth $908,000 after purchasing an additional 6,619 shares during the last quarter. 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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