News headlines about Saratoga Investment Corp (NYSE:SAR) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Saratoga Investment Corp earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.9617879305445 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Edited Transcript of SAR earnings conference call or presentation 12-Oct-17 2:00pm GMT (finance.yahoo.com)
- Saratoga Investment Corp. Announces Fiscal Second Quarter 2018 Financial Results (finance.yahoo.com)
- Saratoga Investment Corp (SAR) Releases Earnings Results (americanbankingnews.com)
- Why this Vermont hospitality company is betting on Saratoga for its next move (bizjournals.com)
- Analyst Actions: Saratoga Investment Initiated by Janney at Neutral With $21.50/Share Price Target (nasdaq.com)
A number of equities research analysts have commented on SAR shares. Maxim Group started coverage on Saratoga Investment Corp in a report on Thursday, September 7th. They issued a “buy” rating and a $23.00 target price for the company. Zacks Investment Research downgraded Saratoga Investment Corp from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. National Securities initiated coverage on Saratoga Investment Corp in a report on Tuesday, August 29th. They issued a “neutral” rating and a $23.00 target price for the company. Janney Montgomery Scott initiated coverage on Saratoga Investment Corp in a research note on Friday, October 6th. They set a “neutral” rating for the company. Finally, Compass Point raised Saratoga Investment Corp from a “neutral” rating to a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $23.33.
Saratoga Investment Corp (NYSE:SAR) last announced its earnings results on Wednesday, July 12th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.46 by $0.14. Saratoga Investment Corp had a return on equity of 8.89% and a net margin of 29.96%. The business had revenue of $8.71 million during the quarter.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 26th. Stockholders of record on Friday, September 15th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 8.93%. This is an increase from Saratoga Investment Corp’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Thursday, September 14th. Saratoga Investment Corp’s dividend payout ratio is currently 106.08%.
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Saratoga Investment Corp Company Profile
Saratoga Investment Corp. is a specialty finance company. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in leveraged loans and mezzanine debt issued by private middle-market companies in the United States. Its investment objective is to generate current income and, to a lesser extent, capital appreciation from its investments.
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