Saratoga Investment (NYSE:SAR) Upgraded to Hold by StockNews.com

Saratoga Investment (NYSE:SAR - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a report issued on Friday.

A number of other brokerages have also recently weighed in on SAR. B. Riley cut Saratoga Investment from a "buy" rating to a "neutral" rating and set a $28.00 price target for the company. in a research report on Monday, January 8th. Compass Point cut Saratoga Investment from a "buy" rating to a "neutral" rating and set a $24.75 price target for the company. in a research report on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $26.75.

Saratoga Investment Price Performance

NYSE:SAR traded up $0.18 during trading hours on Friday, hitting $22.99. The company's stock had a trading volume of 44,372 shares, compared to its average volume of 100,730. The business's 50-day moving average is $23.20 and its two-hundred day moving average is $24.31. The company has a market capitalization of $313.81 million, a PE ratio of 11.85 and a beta of 1.32. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 0.07. Saratoga Investment has a 52-week low of $22.35 and a 52-week high of $28.87.

Saratoga Investment (NYSE:SAR - Get Free Report) last released its quarterly earnings data on Wednesday, January 10th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.05). The business had revenue of $36.34 million during the quarter, compared to analysts' expectations of $36.11 million. Saratoga Investment had a return on equity of 14.43% and a net margin of 16.45%. During the same quarter in the previous year, the company posted $0.77 EPS. As a group, research analysts anticipate that Saratoga Investment will post 4.23 EPS for the current fiscal year.

Institutional Trading of Saratoga Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fairfield Bush & CO. acquired a new stake in Saratoga Investment in the 1st quarter worth about $27,000. Harbour Investments Inc. acquired a new stake in Saratoga Investment in the 2nd quarter worth about $27,000. C M Bidwell & Associates Ltd. acquired a new stake in Saratoga Investment in the 3rd quarter worth about $36,000. Barclays PLC acquired a new stake in Saratoga Investment in the 3rd quarter worth about $37,000. Finally, Lazard Asset Management LLC acquired a new stake in Saratoga Investment in the 1st quarter worth about $38,000. Hedge funds and other institutional investors own 19.09% of the company's stock.

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.

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