Jane Street Group LLC Makes New Investment in Saratoga Investment Corp. (NYSE:SAR)

Jane Street Group LLC purchased a new stake in Saratoga Investment Corp. (NYSE:SAR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,520 shares of the financial services provider's stock, valued at approximately $252,000. Jane Street Group LLC owned 0.07% of Saratoga Investment at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Promus Capital LLC acquired a new stake in shares of Saratoga Investment in the 4th quarter valued at approximately $30,000. JPMorgan Chase & Co. raised its holdings in 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 purchasing an additional 1,789 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Saratoga Investment during the fourth quarter worth $212,000. HighTower Advisors LLC acquired a new position in Saratoga Investment during the fourth quarter worth $266,000. Finally, Northern Trust Corp acquired a new position in Saratoga Investment during the fourth quarter worth $271,000. 19.09% of the stock is 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. 79,546 shares of the stock were exchanged, compared to its average volume of 90,304. 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's 50-day moving average price is $23.95 and its 200-day moving average price is $24.45. The stock has a market cap of $375.31 million, a price-to-earnings ratio of 9.85 and a beta of 0.68. 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 released its quarterly 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 company had revenue of $31.30 million for the quarter, compared to analysts' expectations of $32.86 million. Saratoga Investment had a return on equity of 15.53% and a net margin of 22.01%. Research analysts predict that Saratoga Investment Corp. will post 3.93 earnings per share for the current year.

Saratoga Investment Announces Dividend

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

Analysts Set New Price Targets

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

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.