Should I buy or sell Saratoga Investment stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Saratoga Investment in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SAR shares. View SAR analyst ratings or view top-rated stocks .

What is Saratoga Investment's stock price target for 2024?

4 brokerages have issued 12 month price objectives for Saratoga Investment's stock. Their SAR share price targets range from $26.75 to $28.50. On average, they anticipate the company's share price to reach $27.25 in the next year. This suggests a possible upside of 4.4% from the stock's current price. View analysts price targets for SAR or view top-rated stocks among Wall Street analysts .

How have SAR shares performed in 2023?

Saratoga Investment's stock was trading at $25.49 at the beginning of the year. Since then, SAR shares have increased by 2.4% and is now trading at $26.11. View the best growth stocks for 2023 here .

When is Saratoga Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 9th 2024. View our SAR earnings forecast .

How were Saratoga Investment's earnings last quarter?

Saratoga Investment Corp. (NYSE:SAR) announced its quarterly earnings data on Tuesday, October, 10th. The financial services provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.06. The financial services provider earned $35.51 million during the quarter, compared to analysts' expectations of $35.40 million. Saratoga Investment had a trailing twelve-month return on equity of 13.52% and a net margin of 25.56%. During the same quarter in the previous year, the business earned $0.58 EPS.

How often does Saratoga Investment pay dividends? What is the dividend yield for Saratoga Investment?

Saratoga Investment announced a quarterly dividend on Wednesday, November 15th. Shareholders of record on Monday, December 11th will be given a dividend of $0.72 per share on Thursday, December 28th. This represents a $2.88 annualized dividend and a dividend yield of 11.03%. The ex-dividend date is Friday, December 8th. This is a positive change from the stock's previous quarterly dividend of $0.71. Read our dividend analysis for SAR .

Is Saratoga Investment a good dividend stock?

Saratoga Investment (NYSE:SAR) pays an annual dividend of $2.84 per share and currently has a dividend yield of 10.84%. SAR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 102.90%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SAR will have a dividend payout ratio of 70.30% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SAR .

What ETFs hold Saratoga Investment's stock?

ETFs with the largest weight of Saratoga Investment (NYSE:SAR) stock in their portfolio include Putnam BDC Income ETF (PBDC) and Virtus Private Credit Strategy ETF (VPC) . iShares MSCI Saudi Arabia ETF (KSA) .

What is Guy T. Kuster's approval rating as Saratoga Investment's CEO?

4 employees have rated Saratoga Investment Chief Executive Officer Guy T. Kuster on Glassdoor.com . Guy T. Kuster has an approval rating of 61% among the company's employees. This puts Guy T. Kuster in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Saratoga Investment own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Saratoga Investment investors own include Energy Transfer (ET) , Annaly Capital Management (NLY) , New Residential Investment (NRZ) , NGL Energy Partners (NGL) , AT&T (T) , Enterprise Products Partners (EPD) , Ares Capital (ARCC) , AGNC Investment (AGNC) , Chimera Investment (CIM) and Alliance Resource Partners (ARLP) .

Who are Saratoga Investment's major shareholders?

Saratoga Investment's stock is owned by a number of institutional and retail investors. Top institutional investors include Advisors Asset Management Inc. (1.07%), Legal & General Group Plc (0.66%), Hennion & Walsh Asset Management Inc. (0.63%), Private Advisor Group LLC (0.63%), LPL Financial LLC (0.56%) and Quadrature Capital Ltd (0.42%). Insiders that own company stock include Christian L Oberbeck and Steven M Looney. 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Saratoga Investment Stock Price, News & Analysis (NYSE:SAR)

$26.11

-0.10 (-0.38%)

(As of 12/1/2023 ET)

Compare

Today's Range: $25.93
▼
$26.26
50-Day Range: $23.05
▼
$26.21
52-Week Range: $22.63
▼
$28.87

Volume: 226,809 shs
Average Volume: 56,120 shs
Market Capitalization: $342.30 million

P/E Ratio: 9.46
Dividend Yield: 10.88%
Price Target: $27.25

Saratoga Investment MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 4.4% Upside
$27.25 Price Target
Short Interest: Healthy
0.29% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -7.34%
From $4.36 to $4.04 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.82 out of 5 stars

Finance Sector

671st out of 846 stocks

Investment Advice Industry

39th out of 46 stocks

1.3

Analyst's Opinion

Consensus Rating
Saratoga Investment has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $27.25, Saratoga Investment has a forecasted upside of 4.4% from its current price of $26.11.
Amount of Analyst Coverage
Saratoga Investment has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.29% 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 0.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Saratoga Investment has recently decreased by 11.67%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Saratoga Investment is a leading dividend payer. It pays a dividend yield of 10.84%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Saratoga Investment has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Saratoga Investment is 102.90%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Saratoga Investment will have a dividend payout ratio of 70.30% next year. This indicates that Saratoga Investment will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SAR.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Saratoga Investment this week, compared to 3 articles on an average week.
Search Interest
Only 7 people have searched for SAR on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.
MarketBeat Follows
6 people have added Saratoga Investment to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days.

0.8

Company Ownership

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
13.20% of the stock of Saratoga Investment is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 14.57% of the stock of Saratoga Investment is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Saratoga Investment are expected to decrease by -7.34% in the coming year, from $4.36 to $4.04 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Saratoga Investment is 9.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of Saratoga Investment is 9.46, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 34.17.
Price to Book Value per Share Ratio
Saratoga Investment has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Saratoga Investment Stock (NYSE:SAR)

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. The firm prefers to invest in aerospace, automotive aftermarket and services, business products and services, consumer products and services, education, environmental services, industrial services, financial services, food and beverage, healthcare products and services, logistics, distribution, manufacturing, restaurants services, food services, software services, technology services, specialty chemical, media and telecommunications. It seeks to invest in the United States. The firm primarily invests $5 million to $50 million in companies having EBITDA of $2 million or greater and revenues of $8 million to $250 million. The firm prefer to take a majority stake. It invests through direct lending as well as participation in loan syndicates. The firm was formerly known as GSC Investment Corp. Saratoga Investment Corp. was formed on 2007 and is based in New York, New York with an additional office in Florham Park, New Jersey.

SAR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SAR Stock News Headlines

November 29, 2023 | bizjournals.com

Developers push ahead with plan for "affordable" condos in Saratoga Springs

November 21, 2023 | bizjournals.com

Greg Connors on his growth plans for Saratoga Economic Development Corp.

December 3, 2023 | DTI Trader (Ad)

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November 21, 2023 | thestreet.com

Saratoga Investment Corp 6.00% Notes due 2027

November 15, 2023 | msn.com

Saratoga Investment raises dividend by 1.4% to $0.72 a share

November 15, 2023 | finance.yahoo.com

Saratoga Investment Corp. Increases Quarterly Dividend by $0.01, or 1.4%, to $0.72 per Share for the Fiscal Third Quarter Ended November 30, 2023

November 13, 2023 | 247wallst.com

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November 9, 2023 | tmcnet.com

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December 3, 2023 | DTI Trader (Ad)

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November 9, 2023 | morningstar.com

Saratoga Investment Corp SAR

November 8, 2023 | bizjournals.com

Shipology hits revenue milestone as it continues to add clients and employees

November 1, 2023 | msn.com

Saratoga Investment Corp - 6% NT REDEEM 30 (SAT) Price Target Increased by 8.03% to 28.29

October 27, 2023 | bizjournals.com

Mackey Auto Group founders acquire another Lake George property

October 27, 2023 | msn.com

YMCA unveils expansive new wellness center: An $8 million investment

October 14, 2023 | msn.com

RPI becomes first university worldwide to have a quantum computer

October 13, 2023 | finance.yahoo.com

Here's Why Saratoga Investment (SAR) Is a Great 'Buy the Bottom' Stock Now

October 11, 2023 | bizjournals.com

Retail building on Route 50 in Wilton sold

October 11, 2023 | finance.yahoo.com

Saratoga Investment Corp. (NYSE:SAR) Q2 2024 Earnings Call Transcript

October 11, 2023 | finance.yahoo.com

Q2 2024 Saratoga Investment Corp Earnings Call

October 10, 2023 | finance.yahoo.com

U.S. stocks jump after dovish rate comments by Fed officials; yields fall

October 9, 2023 | markets.businessinsider.com

Saratoga Investment Corp. Announces Fiscal Second Quarter 2024 Financial Results

October 9, 2023 | finance.yahoo.com

Saratoga Investment Corp. Announces Fiscal Second Quarter 2024 Financial Results

October 9, 2023 | benzinga.com

Applied Digital, Saratoga Investment And 3 Stocks To Watch Heading Into Monday

October 6, 2023 | bizjournals.com

$130 million Wilton Mall apartment development still in play amid mixed reaction

October 2, 2023 | msn.com

Meet Tommy! Beefy bovine from Cheshire named tallest living steer

September 29, 2023 | msn.com

Ward 5 neighbors express frustration after 5 shot, 2 killed

September 29, 2023 | msn.com

Saratoga Investment: 11% Yield And Dividend Hiked But Leverage Elevated

See More Headlines

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Company Calendar

Ex-Dividend for 9/28 Dividend: 9/13/2023
Dividend Payable: 9/28/2023
Last Earnings: 10/10/2023
Today: 12/02/2023
Ex-Dividend for 12/28 Dividend: 12/08/2023
Dividend Payable: 12/28/2023
Next Earnings (Estimated): 1/09/2024
Fiscal Year End: 2/29/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Investment advice
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:SAR
Previous Symbol: NYSE:SHS
CUSIP: N/A
CIK: 1377936
Web: www.saratogainvestmentcorp.com
Phone: (212) 906-7800
Fax: 212-884-6184
Employees: 5
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $27.25
High Stock Price Target: $28.50
Low Stock Price Target: $26.75
Potential Upside/Downside: +4.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.76
Trailing P/E Ratio: 9.46
Forward P/E Ratio: 5.99
P/E Growth: N/A
Net Income: $24.68 million
Net Margins: 25.56%
Pretax Margin: 38.42%
Return on Equity: 13.52%
Return on Assets: 4.23%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 0.07
Quick Ratio: 0.07

Sales & Book Value

Annual Sales: $99.10 million
Price / Sales: 3.45
Cash Flow: $3.16 per share
Price / Cash Flow: 8.27
Book Value: $29.18 per share
Price / Book: 0.89

Miscellaneous

Outstanding Shares: 13,110,000
Free Float: 11,384,000
Market Cap: $342.30 million
Optionable: Not Optionable
Beta: 1.33

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Key Executives

Mr. Christian L. Oberbeck (Age 63)
Chairman, CEO & President
Mr. Henri J. Steenkamp (Age 47)
Chief Compliance Officer, Secretary, Treasurer, CFO & Director
Mr. Michael Joseph Grisius (Age 59)
Co-Managing Partner & Chief Investment Officer
Mr. Adam Prior
Senior Vice President
Mr. Richard A. Petrocelli CPA (Age 55)
Managing Director
Mr. Paul B. West
Managing Director
Ms. Marissa Mann Andrews
Principal
Mr. Thomas V. Inglesby J.D.
MD & Portfolio Manager
Mr. John F. MacMurray
MD & Portfolio Manager
Mr. Charles G. Phillips IV (Age 75)
Managing Director & Portfolio Manager

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SAR Stock Analysis - Frequently Asked Questions

Should I buy or sell Saratoga Investment stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Saratoga Investment in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SAR shares.
View SAR analyst ratings or view top-rated stocks.
What is Saratoga Investment's stock price target for 2024?: 4 brokerages have issued 12 month price objectives for Saratoga Investment's stock. Their SAR share price targets range from $26.75 to $28.50. On average, they anticipate the company's share price to reach $27.25 in the next year. This suggests a possible upside of 4.4% from the stock's current price.
View analysts price targets for SAR or view top-rated stocks among Wall Street analysts.
How have SAR shares performed in 2023?: Saratoga Investment's stock was trading at $25.49 at the beginning of the year. Since then, SAR shares have increased by 2.4% and is now trading at $26.11.
View the best growth stocks for 2023 here.
When is Saratoga Investment's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 9th 2024.
View our SAR earnings forecast.
How were Saratoga Investment's earnings last quarter?: Saratoga Investment Corp. (NYSE:SAR) announced its quarterly earnings data on Tuesday, October, 10th. The financial services provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.06. The financial services provider earned $35.51 million during the quarter, compared to analysts' expectations of $35.40 million. Saratoga Investment had a trailing twelve-month return on equity of 13.52% and a net margin of 25.56%. During the same quarter in the previous year, the business earned $0.58 EPS.
How often does Saratoga Investment pay dividends? What is the dividend yield for Saratoga Investment?: Saratoga Investment announced a quarterly dividend on Wednesday, November 15th. Shareholders of record on Monday, December 11th will be given a dividend of $0.72 per share on Thursday, December 28th. This represents a $2.88 annualized dividend and a dividend yield of 11.03%. The ex-dividend date is Friday, December 8th. This is a positive change from the stock's previous quarterly dividend of $0.71.
Read our dividend analysis for SAR.

Is Saratoga Investment a good dividend stock?: Saratoga Investment (NYSE:SAR) pays an annual dividend of $2.84 per share and currently has a dividend yield of 10.84%. SAR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 102.90%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SAR will have a dividend payout ratio of 70.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SAR.
What ETFs hold Saratoga Investment's stock?: ETFs with the largest weight of Saratoga Investment (NYSE:SAR) stock in their portfolio include Putnam BDC Income ETF (PBDC) and Virtus Private Credit Strategy ETF (VPC).iShares MSCI Saudi Arabia ETF (KSA).
What is Guy T. Kuster's approval rating as Saratoga Investment's CEO?: 4 employees have rated Saratoga Investment Chief Executive Officer Guy T. Kuster on Glassdoor.com. Guy T. Kuster has an approval rating of 61% among the company's employees. This puts Guy T. Kuster in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Saratoga Investment own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Saratoga Investment investors own include Energy Transfer (ET), Annaly Capital Management (NLY), New Residential Investment (NRZ), NGL Energy Partners (NGL), AT&T (T), Enterprise Products Partners (EPD), Ares Capital (ARCC), AGNC Investment (AGNC), Chimera Investment (CIM) and Alliance Resource Partners (ARLP).
Who are Saratoga Investment's major shareholders?: Saratoga Investment's stock is owned by a number of institutional and retail investors. Top institutional investors include Advisors Asset Management Inc. (1.07%), Legal & General Group Plc (0.66%), Hennion & Walsh Asset Management Inc. (0.63%), Private Advisor Group LLC (0.63%), LPL Financial LLC (0.56%) and Quadrature Capital Ltd (0.42%). Insiders that own company stock include Christian L Oberbeck and Steven M Looney.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:SAR) was last updated on 12/3/2023 by MarketBeat.com Staff

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