Saratoga Investment Corp. (NYSE:SAR) Shares Purchased by Lido Advisors LLC

Lido Advisors LLC boosted its holdings in shares of Saratoga Investment Corp. (NYSE:SAR - Free Report) by 32.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 94,981 shares of the financial services provider's stock after buying an additional 23,089 shares during the quarter. Lido Advisors LLC owned 0.66% of Saratoga Investment worth $2,272,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in shares of Saratoga Investment during the third quarter worth $116,000. HighTower Advisors LLC acquired a new stake in Saratoga Investment during the 4th quarter worth about $266,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Saratoga Investment during the 4th quarter valued at about $285,000. Raymond James Financial Inc. acquired a new position in shares of Saratoga Investment in the 4th quarter valued at about $814,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Saratoga Investment in the 4th quarter valued at about $212,000. 19.09% of the stock is currently owned by institutional investors and hedge funds.

Saratoga Investment Price Performance

SAR stock traded up $0.31 during mid-day trading on Friday, reaching $24.89. 65,461 shares of the company's stock were exchanged, compared to its average volume of 86,799. The company has a market cap of $357.00 million, a price-to-earnings ratio of 10.03 and a beta of 0.65. Saratoga Investment Corp. has a 12-month low of $21.10 and a 12-month high of $26.49. The stock's 50 day moving average is $24.07 and its 200 day moving average is $24.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.33 and a quick ratio of 0.33.

Saratoga Investment Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a yield of 12.31%. Saratoga Investment's dividend payout ratio is currently 120.97%.

Analysts Set New Price Targets

Several brokerages recently weighed in on SAR. Compass Point reduced their price target on Saratoga Investment from $26.25 to $25.25 and set a "buy" rating for the company in a research report on Monday, January 13th. StockNews.com cut shares of Saratoga Investment from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Saratoga Investment currently has an average rating of "Hold" and a consensus price target of $25.08.

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.