Lido Advisors LLC Increases Stock Position in Saratoga Investment Corp. (NYSE:SAR)

Lido Advisors LLC lifted its holdings in shares of Saratoga Investment Corp. (NYSE:SAR - Free Report) by 32.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 94,981 shares of the financial services provider's stock after buying an additional 23,089 shares during the period. Lido Advisors LLC owned about 0.66% of Saratoga Investment worth $2,272,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAR. Wealthcare Advisory Partners LLC increased its position in shares of Saratoga Investment by 2.9% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 32,845 shares of the financial services provider's stock worth $786,000 after acquiring an additional 911 shares in the last quarter. Promus Capital LLC bought a new stake in Saratoga Investment during the fourth quarter worth $30,000. JPMorgan Chase & Co. raised its position in Saratoga Investment by 35.8% in the 4th quarter. JPMorgan Chase & Co. now owns 6,789 shares of the financial services provider's stock valued at $162,000 after buying an additional 1,789 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Saratoga Investment by 4.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 59,059 shares of the financial services provider's stock worth $1,413,000 after acquiring an additional 2,694 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of Saratoga Investment by 10.8% in the fourth quarter. D.A. Davidson & CO. now owns 29,929 shares of the financial services provider's stock valued at $716,000 after purchasing an additional 2,929 shares during the last quarter. 19.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Saratoga Investment Stock Performance

NYSE SAR traded down $0.04 during trading hours on Tuesday, hitting $24.73. 22,282 shares of the company's stock traded hands, compared to its average volume of 86,835. The business's fifty day moving average price is $24.05 and its two-hundred day moving average price is $24.44. The firm has a market capitalization of $354.70 million, a P/E ratio of 9.97 and a beta of 0.65. Saratoga Investment Corp. has a 52 week low of $21.10 and a 52 week high of $26.49. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.14.

Saratoga Investment Dividend Announcement

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

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.