Saratoga Investment Corp (NYSE:SAR) Receives Consensus Rating of “Hold” from Brokerages

Saratoga Investment Corp (NYSE:SAR) has earned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating. The average twelve-month price target among brokers that have covered the stock in the last year is $23.6250.

A number of analysts have recently commented on SAR shares. Weiss Ratings restated a “hold (c)” rating on shares of Saratoga Investment in a report on Friday, March 27th. Wall Street Zen cut shares of Saratoga Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 9th.

Saratoga Investment Stock Performance

Shares of SAR stock opened at $21.93 on Friday. Saratoga Investment has a 12 month low of $20.78 and a 12 month high of $25.64. The stock has a market cap of $356.82 million, a PE ratio of 9.41 and a beta of 0.55. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.18. The company’s fifty day moving average price is $22.40 and its 200-day moving average price is $22.79.

Saratoga Investment (NYSE:SAR) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. Saratoga Investment had a net margin of 29.12% and a return on equity of 9.29%. The firm had revenue of $6.85 million for the quarter, compared to analysts’ expectations of $30.85 million. On average, equities analysts expect that Saratoga Investment will post 2.24 EPS for the current fiscal year.

Saratoga Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.25 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date is Thursday, June 4th. Saratoga Investment’s payout ratio is 128.76%.

Hedge Funds Weigh In On Saratoga Investment

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in Saratoga Investment in the 3rd quarter worth about $25,000. Quantbot Technologies LP bought a new position in Saratoga Investment in the 3rd quarter worth about $36,000. Advisory Services Network LLC bought a new position in Saratoga Investment in the 3rd quarter worth about $45,000. Kestra Advisory Services LLC bought a new position in Saratoga Investment in the 4th quarter worth about $46,000. Finally, Daytona Street Capital LLC bought a new position in Saratoga Investment in the 4th quarter worth about $51,000. Institutional investors own 19.09% of the company’s stock.

Saratoga Investment Company Profile

Saratoga Investment Corp. is a closed-end, externally managed investment company that seeks to generate current income and total return through a diversified portfolio of private U.S. companies. Trading on the New York Stock Exchange under the ticker SAR, the firm primarily targets middle-market businesses across a broad range of industries, including industrials, healthcare, consumer products, financial services and technology. Its investment approach combines debt and equity instruments, providing flexible capital solutions such as first-lien and second-lien secured loans, mezzanine debt, preferred equity and common equity positions.

As an actively managed vehicle, Saratoga Investment works closely with portfolio companies’ management teams to support growth initiatives, operational improvements, and strategic transactions.