Saratoga Investment (NYSE:SAR) Upgraded to Hold at B. Riley

Saratoga Investment (NYSE:SAR - Get Free Report) was upgraded by equities researchers at B. Riley to a "hold" rating in a research report issued to clients and investors on Monday, May 12th,Zacks.com reports. B. Riley also issued estimates for Saratoga Investment's Q1 2026 earnings at $0.67 EPS, Q2 2026 earnings at $0.68 EPS, Q3 2026 earnings at $0.67 EPS, Q4 2026 earnings at $0.53 EPS, FY2026 earnings at $2.55 EPS, Q1 2027 earnings at $0.57 EPS, Q2 2027 earnings at $0.59 EPS, Q3 2027 earnings at $0.61 EPS, Q4 2027 earnings at $0.61 EPS and FY2027 earnings at $2.37 EPS.

Other research analysts have also issued reports about the company. Compass Point decreased their price objective on Saratoga Investment from $26.25 to $25.25 and set a "buy" rating on the stock in a research report on Monday, January 13th. StockNews.com lowered Saratoga Investment from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Saratoga Investment presently has a consensus rating of "Hold" and an average target price of $24.58.

Saratoga Investment Price Performance

Shares of NYSE:SAR traded down $0.02 during midday trading on Monday, reaching $24.65. The company's stock had a trading volume of 32,083 shares, compared to its average volume of 111,421. The business's fifty day simple moving average is $23.94 and its 200-day simple moving average is $24.47. The company has a market capitalization of $378.67 million, a P/E ratio of 9.94 and a beta of 0.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.33 and a quick ratio of 0.33. Saratoga Investment has a fifty-two week low of $21.10 and a fifty-two week high of $26.49.

Saratoga Investment (NYSE:SAR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.21). Saratoga Investment had a net margin of 22.01% and a return on equity of 15.53%. The company had revenue of $31.30 million during the quarter, compared to analyst estimates of $32.86 million. As a group, equities research analysts expect that Saratoga Investment will post 3.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Wealthcare Advisory Partners LLC lifted its stake 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 purchasing an additional 911 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Saratoga Investment by 4.5% in the first quarter. Royal Bank of Canada now owns 23,476 shares of the financial services provider's stock valued at $595,000 after buying an additional 1,018 shares during the last quarter. Promus Capital LLC bought a new position in shares of Saratoga Investment during the 4th quarter worth approximately $30,000. LPL Financial LLC increased its holdings in shares of Saratoga Investment by 1.6% during the 1st quarter. LPL Financial LLC now owns 88,665 shares of the financial services provider's stock worth $2,246,000 after acquiring an additional 1,361 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in shares of Saratoga Investment by 300.0% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 2,000 shares of the financial services provider's stock worth $51,000 after acquiring an additional 1,500 shares during the last quarter. 19.09% of the stock is owned by institutional investors and hedge funds.

About Saratoga Investment

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.