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 Up 0.3%

NYSE SAR traded up $0.07 during trading hours on Thursday, reaching $25.36. 83,664 shares of the company's stock were exchanged, compared to its average volume of 113,267. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $389.53 million, a price-to-earnings ratio of 12.43 and a beta of 0.67. The company's 50-day moving average is $24.45 and its two-hundred day moving average is $24.41. Saratoga Investment has a one year low of $21.10 and a one year high of $26.49.

Saratoga Investment (NYSE:SAR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.21). The company had revenue of $31.30 million for the quarter, compared to the consensus estimate of $32.86 million. Saratoga Investment had a return on equity of 14.04% and a net margin of 18.87%. On average, analysts forecast that Saratoga Investment will post 3.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Compass Point downgraded 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. Wall Street Zen cut shares of Saratoga Investment from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Finally, B. Riley started coverage on shares of Saratoga Investment in a research report on Tuesday, May 13th. They issued a "neutral" rating and a $23.50 price objective on the stock. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $24.25.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Saratoga Investment stock. Royal Bank of Canada lifted its position in Saratoga Investment Corp (NYSE:SAR - Free Report) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,476 shares of the financial services provider's stock after buying an additional 1,018 shares during the quarter. Royal Bank of Canada owned about 0.15% of Saratoga Investment worth $595,000 as of its most recent SEC filing. 19.09% of the stock is owned by institutional investors.

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.