Shares of Saratoga Investment Corp (NYSE:SAR) have earned an average rating of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $25.00.
Several analysts have recently weighed in on SAR shares. National Securities restated a “neutral” rating and issued a $24.00 price objective on shares of Saratoga Investment in a report on Friday, May 17th. LADENBURG THALM/SH SH lowered Saratoga Investment from a “buy” rating to a “neutral” rating and set a $24.00 target price on the stock. in a research report on Friday, May 10th. They noted that the move was a valuation call. Zacks Investment Research lowered Saratoga Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, Maxim Group reaffirmed a “buy” rating and set a $27.00 target price on shares of Saratoga Investment in a research report on Friday, July 12th.
Shares of Saratoga Investment stock opened at $24.06 on Monday. The firm has a market capitalization of $212.16 million, a price-to-earnings ratio of 9.15 and a beta of 0.64. The company has a fifty day moving average price of $24.65. Saratoga Investment has a fifty-two week low of $18.60 and a fifty-two week high of $25.78.
Institutional investors have recently made changes to their positions in the company. North Star Investment Management Corp. acquired a new stake in shares of Saratoga Investment during the first quarter worth $25,000. Macquarie Group Ltd. raised its position in shares of Saratoga Investment by 68.8% during the fourth quarter. Macquarie Group Ltd. now owns 1,939 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 790 shares during the period. NEXT Financial Group Inc acquired a new stake in shares of Saratoga Investment during the second quarter worth $49,000. Morgan Stanley raised its position in shares of Saratoga Investment by 54.9% during the second quarter. Morgan Stanley now owns 3,870 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 1,372 shares during the period. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Saratoga Investment during the first quarter worth $198,000. 14.78% of the stock is currently owned by institutional investors.
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.
Recommended Story: Intrinsic Value
Receive News & Ratings for Saratoga Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saratoga Investment and related companies with MarketBeat.com's FREE daily email newsletter.