Saratoga Investment (SAR) Stock Price, News & Analysis

Company Overview

Saratoga Investment Corp. is a closed-end, externally managed investment company that seeks to generate current income and total return through a diversified portfolio of private U.S. companies. Trading on the New York Stock Exchange under the ticker SAR, the firm primarily targets middle-market businesses across a broad range of industries, including industrials, healthcare, consumer products, financial services and technology. Its investment approach combines debt and equity instruments, providing flexible capital solutions such as first-lien and second-lien secured loans, mezzanine debt, preferred equity and common equity positions.

As an actively managed vehicle, Saratoga Investment works closely with portfolio companies’ management teams to support growth initiatives, operational improvements, and strategic transactions. Typical investments range from $10 million to $40 million per company, allowing the firm to take meaningful positions and influence value creation. The company’s underwriting process emphasizes rigorous due diligence, conservative leverage levels and alignment of interests through co-investment by its advisory affiliate.

Organized in March 2013, Saratoga Investment has steadily built a diversified portfolio of private U.S. enterprises. Over the years, the company has completed numerous transactions spanning buyouts, recapitalizations, growth financings and industry consolidations. Its track record reflects a commitment to disciplined risk management and a focus on resilient business models capable of delivering stable cash flows.

Headquartered in Dallas, Texas, Saratoga Investment is managed by Saratoga Investment Advisors, LLC, an SEC-registered investment adviser. The firm’s portfolio management team comprises seasoned professionals with extensive experience in private capital investing, credit analysis and operational oversight. This depth of expertise supports Saratoga Investment’s ongoing efforts to identify attractive opportunities in the North American middle-market segment.

Key Stats

• Today's Range: $24.32 to $24.60
• 50-Day Range: $24.16 to $25.55
• 52-Week Range: $21.10 to $26.49
• Volume: 75,483 shs
• Average Volume: 102,601 shs
• Market Capitalization: $391.89 million
• P/E Ratio: 9.95
• Dividend Yield: 12.21%
• Price Target: $24.25
• Consensus Rating: Hold

Saratoga Investment Stock Analysis - MarketRank™

Saratoga Investment scored higher than 26% of companies evaluated by MarketBeat, and ranked 874th out of 946 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Saratoga Investment has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.

Upside/Downside

The consensus price target for Saratoga Investment is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Saratoga Investment has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -24.17%

Earnings Growth

Earnings for Saratoga Investment are expected to decrease by -24.17% in the coming year, from $3.93 to $2.98 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Saratoga Investment is 9.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 280.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Saratoga Investment is 9.95, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 231.26.

Price to Book Value per Share Ratio

Saratoga Investment has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.40% of the float of Saratoga Investment has been sold short.

Short Interest Ratio / Days to Cover

Saratoga Investment has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Saratoga Investment has recently increased by 18.12%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Saratoga Investment is a leading dividend payer. It pays a dividend yield of 12.25%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Saratoga Investment does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Saratoga Investment is 121.46%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Saratoga Investment will have a dividend payout ratio of 100.67% in the coming year. This indicates that Saratoga Investment may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.40% of the float of Saratoga Investment has been sold short.

Short Interest Ratio / Days to Cover

Saratoga Investment has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Saratoga Investment has recently increased by 18.12%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.25

News Sentiment

Saratoga Investment has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 1.20 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Saratoga Investment this week, compared to 4 articles on an average week.

Search Interest

Only 10 people have searched for SAR on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.

MarketBeat Follows

7 people have added Saratoga Investment to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Saratoga Investment insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 10.00% of the stock of Saratoga Investment is held by insiders.

Percentage Held by Institutions

Only 19.09% of the stock of Saratoga Investment is held by institutions.

SAR Stock Analysis - Frequently Asked Questions

How have SAR shares performed this year?

Saratoga Investment's stock was trading at $23.92 at the beginning of 2025. Since then, SAR shares have increased by 2.7% and is now trading at $24.57.

How were Saratoga Investment's earnings last quarter?

Saratoga Investment Corp (NYSE:SAR) issued its earnings results on Tuesday, July, 8th. The financial services provider reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by $0.03. The financial services provider earned $35.22 million during the quarter, compared to analyst estimates of $32.75 million. Saratoga Investment had a net margin of 24.85% and a trailing twelve-month return on equity of 12.71%.
Read the conference call transcript.

Who are Saratoga Investment's major shareholders?

Saratoga Investment's top institutional investors include Lido Advisors LLC (1.17%), Advisors Asset Management Inc. (0.66%), Legal & General Group Plc (0.60%) and Ameriprise Financial Inc. (0.42%).
View institutional ownership trends.

How do I buy shares of Saratoga Investment?

Shares of SAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Saratoga Investment own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Saratoga Investment investors own include NVIDIA (NVDA), Enterprise Products Partners (EPD), Broadcom (AVGO), Meta Platforms (META), Energy Transfer (ET), Rithm Capital (RITM) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 7/08/2025
• Record date for 8/21 Dividend: 8/06/2025
• Ex-Dividend for 8/21 Dividend: 8/06/2025
• Dividend Payable: 8/21/2025
• Today: 9/11/2025
• Record date for 10/23 Dividend: 10/07/2025
• Next Earnings (Estimated): 10/14/2025
• Dividend Payable: 10/23/2025
• Fiscal Year End: 2/28/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: FIN - SBIC&COMMRL
• Sub-Industry: Financial Services
• Current Symbol: NYSE:SAR
• Previous Symbol: NYSE:SHS
• CIK: 1377936
• Web: www.saratogainvestmentcorp.com
• Phone: (212) 906-7800
• Fax: 212-884-6184
• Employees: 3,211
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Saratoga Investment: $24.25
• High Price Target: $25.00
• Low Price Target: $23.50
• Potential Upside/Downside: -1.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.47
• Trailing P/E Ratio: 9.95
• Forward P/E Ratio: 6.25
• P/E Growth: N/A
• Net Income: $28.09 million
• Net Margins: 24.85%
• Pretax Margin: 34.25%
• Return on Equity: 12.71%
• Return on Assets: 4.04%

Debt

• Debt-to-Equity Ratio: 0.18
• Current Ratio: 0.32
• Quick Ratio: 0.32

Sales & Book Value

• Annual Sales: $148.85 million
• Price / Sales: 2.63
• Cash Flow: $2.73 per share
• Price / Cash Flow: 9.00
• Book Value: $27.37 per share
• Price / Book: 0.90

Miscellaneous

• Outstanding Shares: 15,950,000
• Free Float: 14,357,000
• Market Cap: $391.89 million
• Optionable: Optionable
• Beta: 0.67