Saratoga Investment Corp Declares Dividend of $0.25 (NYSE:SAR)

Key Points

• Saratoga Investment Corp has declared a dividend of $0.25 per share, with stockholders of record on August 7th eligible for payment on August 21st, resulting in a remarkable dividend yield of 1,217.0%.
• The company's stock has experienced a slight decline of 0.5%, with a current price of $24.67, amidst a 52-week range of $21.10 to $26.49.
• Saratoga Investment recently reported an EPS of $0.66 for the last quarter, which missed analysts' estimates, while projecting expected EPS for the current fiscal year at 3.93.

Saratoga Investment Corp (NYSE:SAR - Get Free Report) declared a dividend on Friday, August 1st, investing.com reports. Stockholders of record on Thursday, August 7th will be paid a dividend of 0.25 per share by the financial services provider on Thursday, August 21st. This represents a dividend yield of 1,217.0%. The ex-dividend date is Wednesday, August 6th.

Saratoga Investment Stock Down 0.5%

Shares of SAR opened at $24.67 on Friday. Saratoga Investment has a 52 week low of $21.10 and a 52 week high of $26.49. The stock has a market capitalization of $386.63 million, a price-to-earnings ratio of 9.99 and a beta of 0.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a fifty day moving average of $24.75 and a 200-day moving average of $24.56.

Saratoga Investment (NYSE:SAR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 8th. The financial services provider reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.03). Saratoga Investment had a net margin of 24.85% and a return on equity of 12.71%. The firm had revenue of $35,219.96 billion during the quarter, compared to the consensus estimate of $32.75 million. As a group, sell-side analysts anticipate that Saratoga Investment will post 3.93 earnings per share for the current fiscal year.

Institutional Trading of Saratoga Investment

A number of institutional investors and hedge funds have recently bought and sold shares of SAR. Hennion & Walsh Asset Management Inc. grew its holdings in Saratoga Investment by 33.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 193,168 shares of the financial services provider's stock worth $4,893,000 after acquiring an additional 48,351 shares during the period. Two Sigma Investments LP grew its holdings in Saratoga Investment by 6.3% during the 4th quarter. Two Sigma Investments LP now owns 128,379 shares of the financial services provider's stock worth $3,071,000 after acquiring an additional 7,556 shares during the period. Private Advisor Group LLC grew its holdings in Saratoga Investment by 2.9% during the 1st quarter. Private Advisor Group LLC now owns 125,792 shares of the financial services provider's stock worth $3,186,000 after acquiring an additional 3,497 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Saratoga Investment by 6.6% during the 1st quarter. Advisors Asset Management Inc. now owns 114,511 shares of the financial services provider's stock worth $2,901,000 after purchasing an additional 7,110 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Saratoga Investment by 3.1% during the 4th quarter. Wells Fargo & Company MN now owns 109,784 shares of the financial services provider's stock worth $2,626,000 after purchasing an additional 3,292 shares in the last quarter. 19.09% of the stock is currently owned by institutional investors and hedge funds.

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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