Saratoga Investment Corp (NYSE:SAR - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.54 and traded as high as $25.53. Saratoga Investment shares last traded at $25.27, with a volume of 115,830 shares traded.
Analysts Set New Price Targets
SAR has been the subject of several recent analyst reports. B. Riley assumed coverage on Saratoga Investment in a research report on Tuesday, May 13th. They set a "neutral" rating and a $23.50 target price for the company. Compass Point lowered shares of Saratoga Investment from a "buy" rating to a "neutral" rating and lowered their price target for the company from $25.25 to $24.25 in a report on Monday, June 9th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Saratoga Investment has a consensus rating of "Hold" and a consensus price target of $24.25.
Read Our Latest Stock Analysis on Saratoga Investment
Saratoga Investment Stock Performance
The company has a market cap of $403.85 million, a price-to-earnings ratio of 10.25 and a beta of 0.64. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.18. The stock's fifty day simple moving average is $24.82 and its 200 day simple moving average is $24.55.
Saratoga Investment (NYSE:SAR - Get Free Report) last released its quarterly earnings data on Tuesday, July 8th. The financial services provider reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.03). The business had revenue of $35,219.96 billion during the quarter, compared to analyst estimates of $32.75 million. Saratoga Investment had a net margin of 24.85% and a return on equity of 12.71%. As a group, analysts anticipate that Saratoga Investment Corp will post 3.93 earnings per share for the current year.
Saratoga Investment Dividend Announcement
The business also recently announced a dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be issued a $0.25 dividend. This represents a yield of 1,217.0%. The ex-dividend date is Wednesday, August 6th. Saratoga Investment's dividend payout ratio (DPR) is 121.46%.
Institutional Trading of Saratoga Investment
Several institutional investors have recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. increased its stake in Saratoga Investment by 33.4% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 193,168 shares of the financial services provider's stock valued at $4,893,000 after purchasing an additional 48,351 shares during the period. Lido Advisors LLC lifted its holdings in shares of Saratoga Investment by 43.1% in the second quarter. Lido Advisors LLC now owns 186,253 shares of the financial services provider's stock valued at $4,619,000 after purchasing an additional 56,125 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of Saratoga Investment by 6.3% in the fourth quarter. Two Sigma Investments LP now owns 128,379 shares of the financial services provider's stock valued at $3,071,000 after purchasing an additional 7,556 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Saratoga Investment by 2.9% during the first quarter. Private Advisor Group LLC now owns 125,792 shares of the financial services provider's stock valued at $3,186,000 after buying an additional 3,497 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in shares of Saratoga Investment by 6.6% during the first quarter. Advisors Asset Management Inc. now owns 114,511 shares of the financial services provider's stock valued at $2,901,000 after buying an additional 7,110 shares during the period. Institutional investors and hedge funds own 19.09% of the company's stock.
About Saratoga Investment
(
Get Free Report)
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.
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