10,520 Shares in Saratoga Investment Corp. (NYSE:SAR) Acquired by Jane Street Group LLC

Jane Street Group LLC acquired a new stake in Saratoga Investment Corp. (NYSE:SAR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,520 shares of the financial services provider's stock, valued at approximately $252,000. Jane Street Group LLC owned about 0.07% of Saratoga Investment at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Promus Capital LLC acquired a new position in Saratoga Investment in the fourth quarter valued at approximately $30,000. JPMorgan Chase & Co. lifted its position in shares of Saratoga Investment by 35.8% during the 4th 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 last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Saratoga Investment in the 4th quarter valued at $212,000. HighTower Advisors LLC acquired a new position in shares of Saratoga Investment in the 4th quarter valued at $266,000. Finally, Northern Trust Corp purchased a new position in shares of Saratoga Investment in the 4th quarter valued at $271,000. 19.09% of the stock is currently owned by institutional investors and hedge funds.

Saratoga Investment Price Performance

SAR stock traded up $0.09 during midday trading on Friday, hitting $24.43. 79,542 shares of the stock were exchanged, compared to its average volume of 90,345. The stock's 50-day moving average price is $23.97 and its 200-day moving average price is $24.48. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $375.31 million, a price-to-earnings ratio of 9.85 and a beta of 0.65. Saratoga Investment Corp. 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 earnings results 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). The business had revenue of $31.30 million for the quarter, compared to analysts' expectations of $32.86 million. Saratoga Investment had a net margin of 22.01% and a return on equity of 15.53%. Research analysts predict that Saratoga Investment Corp. will post 3.93 earnings per share for the current year.

Saratoga Investment Dividend Announcement

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

Analysts Set New Price Targets

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