Saratoga Investment Corp. (NYSE:SAR) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its holdings in Saratoga Investment Corp. (NYSE:SAR - Free Report) by 33.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 193,168 shares of the financial services provider's stock after acquiring an additional 48,351 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 1.35% of Saratoga Investment worth $4,893,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Two Sigma Investments LP increased its position in shares of Saratoga Investment by 6.3% during the fourth quarter. Two Sigma Investments LP now owns 128,379 shares of the financial services provider's stock worth $3,071,000 after acquiring an additional 7,556 shares during the period. Wells Fargo & Company MN increased its holdings in Saratoga Investment by 3.1% during the 4th quarter. Wells Fargo & Company MN now owns 109,784 shares of the financial services provider's stock worth $2,626,000 after purchasing an additional 3,292 shares during the period. Lido Advisors LLC raised its position in Saratoga Investment by 32.1% during the 4th quarter. Lido Advisors LLC now owns 94,981 shares of the financial services provider's stock valued at $2,272,000 after purchasing an additional 23,089 shares in the last quarter. Trexquant Investment LP lifted its holdings in shares of Saratoga Investment by 133.0% in the 4th quarter. Trexquant Investment LP now owns 64,017 shares of the financial services provider's stock worth $1,531,000 after buying an additional 36,544 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Saratoga Investment by 4.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 59,059 shares of the financial services provider's stock worth $1,413,000 after buying an additional 2,694 shares in the last quarter. Institutional investors own 19.09% of the company's stock.

Saratoga Investment Stock Up 0.3%

Shares of SAR traded up $0.07 during trading hours on Friday, hitting $24.41. The company had a trading volume of 67,260 shares, compared to its average volume of 90,304. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $374.98 million, a PE ratio of 9.85 and a beta of 0.65. Saratoga Investment Corp. has a one year low of $21.10 and a one year high of $26.49. The company's fifty day moving average price is $23.97 and its two-hundred day moving average price is $24.48.

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

Saratoga Investment Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, May 6th. This represents a dividend yield of 12.31%. Saratoga Investment's dividend payout ratio (DPR) is presently 147.06%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SAR shares. B. Riley started coverage on Saratoga Investment in a report on Tuesday, May 13th. They issued a "neutral" rating and a $23.50 price objective for the company. Wall Street Zen cut shares of Saratoga Investment from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Saratoga Investment has a consensus rating of "Hold" and an average price target of $24.58.

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.