45,507 Shares in Saratoga Investment Corp $SAR Purchased by Ethos Financial Group LLC

Key Points

• Ethos Financial Group LLC has acquired a new stake in Saratoga Investment Corp, buying 45,507 shares valued at approximately $1,153,000, representing around 0.30% of the company.
• Several institutional investors have increased their positions in Saratoga Investment, with Connor Clark & Lunn Investment Management Ltd. boosting its stake by 147.7% during the first quarter.
• Saratoga Investment recently announced a dividend of $0.25 per share, with a payout yield of 1,217.0%, despite a dividend payout ratio of 121.46%.

Ethos Financial Group LLC purchased a new position in shares of Saratoga Investment Corp (NYSE:SAR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 45,507 shares of the financial services provider's stock, valued at approximately $1,153,000. Ethos Financial Group LLC owned approximately 0.30% of Saratoga Investment as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Saratoga Investment by 147.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 29,509 shares of the financial services provider's stock worth $747,000 after purchasing an additional 17,595 shares in the last quarter. LPL Financial LLC boosted its stake in Saratoga Investment by 1.6% during the first quarter. LPL Financial LLC now owns 88,665 shares of the financial services provider's stock worth $2,246,000 after buying an additional 1,361 shares during the last quarter. Cetera Investment Advisers acquired a new position in Saratoga Investment during the first quarter worth $255,000. Wedbush Securities Inc. boosted its stake in Saratoga Investment by 23.0% during the first quarter. Wedbush Securities Inc. now owns 10,700 shares of the financial services provider's stock worth $271,000 after buying an additional 2,000 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in Saratoga Investment by 2.9% during the first quarter. Private Advisor Group LLC now owns 125,792 shares of the financial services provider's stock worth $3,186,000 after buying an additional 3,497 shares during the last quarter. 19.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on SAR shares. B. Riley started coverage on Saratoga Investment in a research note on Tuesday, May 13th. They set a "neutral" rating and a $23.50 price objective on the stock. Compass Point lowered Saratoga Investment from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $25.25 to $24.25 in a research note on Monday, June 9th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $24.25.

Saratoga Investment Trading Down 0.3%

Shares of Saratoga Investment stock traded down $0.0750 during trading hours on Wednesday, hitting $25.4050. The company's stock had a trading volume of 75,361 shares, compared to its average volume of 116,379. Saratoga Investment Corp has a twelve month low of $21.10 and a twelve month high of $26.49. The firm has a fifty day moving average of $24.87 and a 200-day moving average of $24.56. The stock has a market cap of $405.21 million, a price-to-earnings ratio of 10.29 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.32 and a current ratio of 0.32.

Saratoga Investment (NYSE:SAR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 8th. The financial services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.03). Saratoga Investment had a net margin of 24.85% and a return on equity of 12.71%. The business had revenue of $35,219.96 billion during the quarter, compared to analyst estimates of $32.75 million. Research analysts forecast that Saratoga Investment Corp will post 3.93 EPS for the current year.

Saratoga Investment Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be paid a $0.25 dividend. This represents a dividend yield of 1,217.0%. The ex-dividend date of this dividend is Wednesday, August 6th. Saratoga Investment's dividend payout ratio is 121.46%.

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.