Saratoga Investment Corp (NYSE:SAR - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.58 and traded as high as $25.61. Saratoga Investment shares last traded at $25.55, with a volume of 110,881 shares traded.
Wall Street Analyst Weigh In
SAR has been the subject of a number of recent analyst reports. B. Riley initiated coverage on Saratoga Investment in a research report on Tuesday, May 13th. They issued a "neutral" rating and a $23.50 price objective for the company. Compass Point cut Saratoga Investment from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $25.25 to $24.25 in a research report on Monday, June 9th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Saratoga Investment has a consensus rating of "Hold" and a consensus price target of $24.25.
View Our Latest Stock Report on SAR
Saratoga Investment Price Performance
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 has a market capitalization of $402.34 million, a price-to-earnings ratio of 10.21 and a beta of 0.67. The stock has a 50-day moving average price of $25.10 and a 200 day moving average price of $24.58.
Saratoga Investment (NYSE:SAR - Get Free Report) last posted its earnings results 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). Saratoga Investment had a net margin of 24.85% and a return on equity of 12.71%. The business had revenue of $35.22 million for the quarter, compared to analyst estimates of $32.75 million. As a group, equities research analysts expect that Saratoga Investment Corp will post 3.93 earnings per share for the current year.
Saratoga Investment Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Thursday, August 21st. Stockholders of record on Wednesday, August 6th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 6th. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%. Saratoga Investment's dividend payout ratio (DPR) is 121.46%.
Institutional Investors Weigh In On Saratoga Investment
Institutional investors have recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC boosted its holdings in Saratoga Investment by 300.0% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 2,000 shares of the financial services provider's stock worth $51,000 after buying an additional 1,500 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in Saratoga Investment by 2,380.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 5,977 shares of the financial services provider's stock worth $148,000 after buying an additional 5,736 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in Saratoga Investment by 36.4% in the 1st quarter. Sunbelt Securities Inc. now owns 6,932 shares of the financial services provider's stock worth $176,000 after buying an additional 1,850 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in Saratoga Investment in the 2nd quarter worth about $242,000. Finally, Jane Street Group LLC acquired a new stake in Saratoga Investment in the 4th quarter worth about $252,000. 19.09% of the stock is currently owned by institutional investors and hedge funds.
Saratoga Investment Company Profile
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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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