Analysts Set Saratoga Investment Corp. (NYSE:SAR) Target Price at $26.75

Saratoga Investment Corp. (NYSE:SAR - Get Free Report) has been given an average recommendation of "Hold" by the five research firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $26.75.

Several equities research analysts have recently weighed in on the stock. Compass Point cut shares of Saratoga Investment from a "buy" rating to a "neutral" rating and set a $24.75 price objective for the company. in a research report on Wednesday, January 10th. StockNews.com upgraded Saratoga Investment from a "sell" rating to a "hold" rating in a report on Friday, April 5th. Finally, B. Riley downgraded Saratoga Investment from a "buy" rating to a "neutral" rating and set a $28.00 price objective on the stock. in a research note on Monday, January 8th.

Saratoga Investment Trading Up 1.0 %

SAR stock traded up $0.22 during trading on Friday, hitting $22.95. The company had a trading volume of 37,411 shares, compared to its average volume of 93,394. The stock has a market cap of $313.27 million, a PE ratio of 11.83 and a beta of 1.32. The business has a 50-day moving average of $23.17 and a 200-day moving average of $24.12. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. Saratoga Investment has a one year low of $22.35 and a one year high of $28.87.

Saratoga Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.92 annualized dividend and a dividend yield of 12.72%. This is a positive change from Saratoga Investment's previous quarterly dividend of $0.72. Saratoga Investment's dividend payout ratio is currently 150.52%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new position in Saratoga Investment during the first quarter worth $27,000. Harbour Investments Inc. bought a new position in Saratoga Investment in the 2nd quarter valued at about $27,000. C M Bidwell & Associates Ltd. acquired a new position in Saratoga Investment during the 3rd quarter valued at about $36,000. Lazard Asset Management LLC purchased a new stake in shares of Saratoga Investment in the first quarter worth approximately $38,000. Finally, Barclays PLC bought a new position in shares of Saratoga Investment in the third quarter valued at approximately $37,000. Institutional investors own 19.09% of the company's stock.

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.