15,700 Shares in Saratoga Investment Corp (NYSE:SAR) Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. bought a new stake in Saratoga Investment Corp (NYSE:SAR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,700 shares of the financial services provider's stock, valued at approximately $398,000. Cambridge Investment Research Advisors Inc. owned about 0.11% of Saratoga Investment at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SAR. JPMorgan Chase & Co. boosted its stake in shares of Saratoga Investment by 35.8% during the fourth quarter. JPMorgan Chase & Co. now owns 6,789 shares of the financial services provider's stock worth $162,000 after buying an additional 1,789 shares during the period. Jane Street Group LLC acquired a new stake in shares of Saratoga Investment during the fourth quarter worth about $252,000. HighTower Advisors LLC acquired a new stake in shares of Saratoga Investment during the fourth quarter worth about $266,000. Northern Trust Corp acquired a new stake in shares of Saratoga Investment during the fourth quarter worth about $271,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Saratoga Investment during the fourth quarter worth about $285,000. Hedge funds and other institutional investors own 19.09% of the company's stock.

Saratoga Investment Price Performance

Saratoga Investment stock traded up $0.11 during mid-day trading on Friday, reaching $24.82. The company had a trading volume of 137,912 shares, compared to its average volume of 95,883. Saratoga Investment Corp has a 1 year low of $21.10 and a 1 year high of $26.49. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.32 and a quick ratio of 0.29. The company has a market capitalization of $388.87 million, a P/E ratio of 10.05 and a beta of 0.67. The stock's 50-day simple moving average is $24.53 and its 200-day simple moving average is $24.46.

Saratoga Investment (NYSE:SAR - Get Free Report) last issued its earnings results on Tuesday, July 8th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.03). Saratoga Investment had a net margin of 24.85% and a return on equity of 12.71%. The company had revenue of $35,219.96 billion during the quarter, compared to analysts' expectations of $32.75 million. On average, equities analysts predict that Saratoga Investment Corp will post 3.93 EPS for the current year.

Saratoga Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Tuesday, July 8th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.03%. Saratoga Investment's dividend payout ratio (DPR) is 121.46%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SAR shares. Compass Point downgraded shares of Saratoga Investment from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $25.25 to $24.25 in a research note on Monday, June 9th. Wall Street Zen downgraded shares of Saratoga Investment from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Finally, B. Riley began coverage on shares of Saratoga Investment in a research report on Tuesday, May 13th. They issued a "neutral" rating and a $23.50 price objective for the company. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $24.25.

Saratoga Investment 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.