Weiss Ratings Reiterates "Hold (C+)" Rating for Saratoga Investment (NYSE:SAR)

Key Points

• Weiss Ratings has reiterated a "hold (C+)" rating for Saratoga Investment (NYSE:SAR), indicating a neutral stance on the stock's performance.
• Saratoga Investment's recent quarterly earnings report showed an EPS of $0.58, which missed analysts' estimates of $0.67, reflecting weaker-than-expected revenue of $30.63 million.
• Institutional investors have increased their stakes significantly in Saratoga Investment, with notable increases of over 300% by Bartlett & CO. Wealth Management LLC and 2,380% by Laurel Wealth Advisors LLC during recent quarters.

Saratoga Investment (NYSE:SAR - Get Free Report)'s stock had its "hold (c+)" rating restated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Saratoga Investment Price Performance

Shares of NYSE:SAR opened at $22.30 on Wednesday. The company's fifty day moving average price is $24.78 and its 200 day moving average price is $24.51. Saratoga Investment has a 12 month low of $21.10 and a 12 month high of $26.49. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.32 and a quick ratio of 0.32. The firm has a market capitalization of $355.69 million, a P/E ratio of 9.53 and a beta of 0.66.

Saratoga Investment (NYSE:SAR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 7th. The financial services provider reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.09). The business had revenue of $30.63 million during the quarter, compared to analyst estimates of $32.39 million. Saratoga Investment had a net margin of 27.19% and a return on equity of 10.23%. As a group, sell-side analysts predict that Saratoga Investment will post 3.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bartlett & CO. Wealth Management LLC increased its stake in shares of Saratoga Investment by 300.0% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 2,000 shares of the financial services provider's stock worth $51,000 after acquiring an additional 1,500 shares during the period. Laurel Wealth Advisors LLC increased its stake in shares of Saratoga Investment by 2,380.1% during the second quarter. Laurel Wealth Advisors LLC now owns 5,977 shares of the financial services provider's stock worth $148,000 after acquiring an additional 5,736 shares during the period. Osaic Holdings Inc. increased its stake in shares of Saratoga Investment by 24.0% during the second quarter. Osaic Holdings Inc. now owns 6,256 shares of the financial services provider's stock worth $155,000 after acquiring an additional 1,211 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Saratoga Investment by 36.4% during the first quarter. Sunbelt Securities Inc. now owns 6,932 shares of the financial services provider's stock worth $176,000 after acquiring an additional 1,850 shares during the period. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of Saratoga Investment during the second quarter worth about $242,000. 19.09% of the stock is currently owned by institutional investors and hedge funds.

About Saratoga Investment

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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