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

Saratoga Investment Corp. (NYSE:SAR - Get Free Report) declared a monthly dividend on Friday, June 13th, Wall Street Journal reports. Stockholders of record on Thursday, September 4th will be paid a dividend of 0.25 per share by the financial services provider on Wednesday, September 24th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 12.44%. The ex-dividend date is Thursday, September 4th.

Saratoga Investment Stock Performance

Shares of SAR stock traded down $0.05 during trading hours on Monday, reaching $24.12. 48,864 shares of the company's stock were exchanged, compared to its average volume of 92,823. Saratoga Investment has a fifty-two week low of $21.10 and a fifty-two week high of $26.49. The stock has a market capitalization of $370.62 million, a P/E ratio of 9.73 and a beta of 0.68. The business has a fifty day moving average price of $24.07 and a 200-day moving average price of $24.39. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.14.

Saratoga Investment (NYSE:SAR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.21). Saratoga Investment had a return on equity of 15.53% and a net margin of 22.01%. The business had revenue of $31.30 million for the quarter, compared to analyst estimates of $32.86 million. Analysts predict that Saratoga Investment will post 3.93 EPS for the current fiscal year.

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 first 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 purchasing an additional 1,018 shares during the quarter. 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 currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SAR shares. Wall Street Zen lowered Saratoga Investment from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. B. Riley started coverage on Saratoga Investment in a report on Tuesday, May 13th. They set a "neutral" rating and a $23.50 price target for the company. Finally, Compass Point lowered Saratoga Investment from a "buy" rating to a "neutral" rating and cut their price target for the stock from $25.25 to $24.25 in a report on Monday, June 9th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $24.25.

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.