Saratoga Investment Corp (NYSE:SAR) to Issue $0.25 Dividend

Saratoga Investment Corp (NYSE:SAR - Get Free Report) declared a dividend on Tuesday, July 1st, investing.com reports. Stockholders of record on Wednesday, July 9th will be given a dividend of 0.25 per share by the financial services provider on Thursday, July 24th. This represents a dividend yield of 12.1%. The ex-dividend date is Tuesday, July 8th.

Saratoga Investment Stock Performance

Shares of SAR stock traded up $0.07 during trading hours on Friday, hitting $25.36. 83,773 shares of the company were exchanged, compared to its average volume of 93,893. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $389.53 million, a price-to-earnings ratio of 12.43 and a beta of 0.67. The firm has a fifty day simple moving average of $24.50 and a 200 day simple moving average of $24.43. Saratoga Investment has a 52-week low of $21.10 and a 52-week high of $26.49.

Saratoga Investment (NYSE:SAR - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by ($0.21). The firm had revenue of $31.30 million during the quarter, compared to analysts' expectations of $32.86 million. Saratoga Investment had a return on equity of 14.04% and a net margin of 18.87%. Research analysts predict that Saratoga Investment will post 3.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Compass Point lowered Saratoga Investment from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $25.25 to $24.25 in a report on Monday, June 9th. B. Riley began coverage on shares of Saratoga Investment in a research note on Tuesday, May 13th. They issued a "neutral" rating and a $23.50 target price for the company. Finally, Wall Street Zen cut shares of Saratoga Investment from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, Saratoga Investment presently has an average rating of "Hold" and a consensus target price of $24.25.

Institutional Trading of Saratoga Investment

An institutional investor recently raised its position in Saratoga Investment stock. Royal Bank of Canada grew its stake in shares of Saratoga Investment Corp (NYSE:SAR - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,476 shares of the financial services provider's stock after buying an additional 1,018 shares during the period. Royal Bank of Canada owned 0.15% of Saratoga Investment worth $595,000 at the end of the most recent reporting period. 19.09% of the stock is 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.