Significant Wealth Partners LLC Takes $1.02 Million Position in Saratoga Investment Corp. (NYSE:SAR)

Significant Wealth Partners LLC purchased a new position in shares of Saratoga Investment Corp. (NYSE:SAR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 39,560 shares of the financial services provider's stock, valued at approximately $1,023,000. Significant Wealth Partners LLC owned approximately 0.29% of Saratoga Investment at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. C M Bidwell & Associates Ltd. bought a new stake in shares of Saratoga Investment in the 3rd quarter worth approximately $36,000. Barclays PLC purchased a new position in shares of Saratoga Investment in the third quarter worth approximately $37,000. Quantbot Technologies LP increased its position in shares of Saratoga Investment by 170.6% in the third quarter. Quantbot Technologies LP now owns 6,565 shares of the financial services provider's stock worth $169,000 after acquiring an additional 4,139 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in shares of Saratoga Investment by 6.9% in the third quarter. Atria Wealth Solutions Inc. now owns 11,655 shares of the financial services provider's stock worth $300,000 after acquiring an additional 750 shares in the last quarter. Finally, Jump Financial LLC increased its position in shares of Saratoga Investment by 23.5% in the third quarter. Jump Financial LLC now owns 12,601 shares of the financial services provider's stock worth $324,000 after acquiring an additional 2,401 shares in the last quarter. 19.09% of the stock is currently owned by institutional investors.

Saratoga Investment Price Performance

NYSE:SAR traded up $0.05 during mid-day trading on Monday, reaching $23.00. 37,374 shares of the company were exchanged, compared to its average volume of 92,666. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.10. Saratoga Investment Corp. has a 12 month low of $22.35 and a 12 month high of $28.87. The stock has a market cap of $313.95 million, a PE ratio of 11.86 and a beta of 1.32. The company has a fifty day moving average of $23.17 and a 200 day moving average of $24.11.

Saratoga Investment Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 12.70%. This is an increase from Saratoga Investment's previous quarterly dividend of $0.72. The ex-dividend date was Tuesday, March 12th. Saratoga Investment's dividend payout ratio (DPR) is currently 150.52%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SAR. StockNews.com raised shares of Saratoga Investment from a "sell" rating to a "hold" rating in a research report on Friday, April 5th. Compass Point cut shares of Saratoga Investment from a "buy" rating to a "neutral" rating and set a $24.75 target price for the company. in a research note on Wednesday, January 10th. Finally, B. Riley cut shares of Saratoga Investment from a "buy" rating to a "neutral" rating and set a $28.00 target price for the company. in a research note on Monday, January 8th. Five 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 a consensus rating of "Hold" and an average price target of $26.75.

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.