NYSE:SAR

Saratoga Investment (SAR) Stock Price, News & Analysis

$23.31
+0.14 (+0.60%)
(As of 04/24/2024 ET)
Today's Range
$23.16
$23.32
50-Day Range
$22.52
$24.09
52-Week Range
$22.35
$28.87
Volume
39,194 shs
Average Volume
47,339 shs
Market Capitalization
$318.18 million
P/E Ratio
12.02
Dividend Yield
12.53%
Price Target
$26.69

Saratoga Investment MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
14.5% Upside
$26.69 Price Target
Short Interest
Healthy
0.65% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.53mentions of Saratoga Investment in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-13.24%
From $4.23 to $3.67 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.76 out of 5 stars

Finance Sector

647th out of 846 stocks

Investment Advice Industry

39th out of 46 stocks

SAR stock logo

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

SAR Stock News Headlines

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AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
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Saratoga Investment Corp
top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)
AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
Saratoga Investment Quality Bond C (SQBCX)
What’s So Interesting About Baby Bonds?
New coworking space opens in downtown Schenectady
See More Headlines
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Company Calendar

Last Earnings
1/10/2024
Ex-Dividend for 3/28 Dividend
3/12/2024
Dividend Payable
3/28/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/06/2024
Fiscal Year End
2/28/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Investment advice
Sub-Industry
N/A
Employees
5
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$26.69
High Stock Price Target
$28.00
Low Stock Price Target
$24.75
Potential Upside/Downside
+14.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$24.68 million
Pretax Margin
38.72%

Debt

Sales & Book Value

Annual Sales
$99.10 million
Cash Flow
$3.21 per share
Book Value
$29.18 per share

Miscellaneous

Free Float
11,851,000
Market Cap
$318.18 million
Optionable
Optionable
Beta
1.32
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Key Executives

  • Mr. Christian L. Oberbeck (Age 64)
    Chairman, CEO & President
  • Mr. Henri J. Steenkamp (Age 48)
    Chief Compliance Officer, Secretary, Treasurer, CFO & Director
  • Mr. Michael Joseph Grisius (Age 60)
    Co-Managing Partner & Chief Investment Officer
  • Mr. Adam Prior
    Senior Vice President
  • Mr. Richard A. Petrocelli CPA (Age 56)
    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 76)
    Managing Director & Portfolio Manager

SAR Stock Analysis - Frequently Asked Questions

Should I buy or sell Saratoga Investment stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Saratoga Investment in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SAR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SAR, but not buy additional shares or sell existing shares.
View SAR analyst ratings
or view top-rated stocks.

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

4 Wall Street research analysts have issued 12-month target prices for Saratoga Investment's stock. Their SAR share price targets range from $24.75 to $28.00. On average, they predict the company's share price to reach $26.69 in the next twelve months. This suggests a possible upside of 14.5% 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 2024?

Saratoga Investment's stock was trading at $25.86 at the beginning of 2024. Since then, SAR stock has decreased by 9.9% and is now trading at $23.31.
View the best growth stocks for 2024 here
.

Are investors shorting Saratoga Investment?

Saratoga Investment saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 89,000 shares, an increase of 89.4% from the March 15th total of 47,000 shares. Based on an average daily trading volume, of 99,100 shares, the days-to-cover ratio is currently 0.9 days.
View Saratoga Investment's Short Interest
.

When is Saratoga Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our SAR earnings forecast
.

How can I listen to Saratoga Investment's earnings call?

Saratoga Investment will be holding an earnings conference call on Tuesday, May 7th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Saratoga Investment's earnings last quarter?

Saratoga Investment Corp. (NYSE:SAR) issued its earnings results on Wednesday, January, 10th. The financial services provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.06 by $0.05. The financial services provider earned $36.34 million during the quarter, compared to analyst estimates of $36.11 million. Saratoga Investment had a net margin of 16.45% and a trailing twelve-month return on equity of 14.43%. During the same quarter in the previous year, the business earned $0.77 earnings per share.

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

Saratoga Investment announced a quarterly dividend on Thursday, February 15th. Stockholders of record on Wednesday, March 13th will be paid a dividend of $0.73 per share on Thursday, March 28th. This represents a $2.92 dividend on an annualized basis and a yield of 12.53%. The ex-dividend date of this dividend is Tuesday, March 12th. This is a boost from the stock's previous quarterly dividend of $0.72.
Read our dividend analysis for SAR
.

Is Saratoga Investment a good dividend stock?

Saratoga Investment (NYSE:SAR) pays an annual dividend of $2.92 per share and currently has a dividend yield of 12.72%. 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 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 150.52%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SAR will have a dividend payout ratio of 79.56% in the coming year. This indicates that the company may not be able to sustain their current 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 Virtus Private Credit Strategy ETF (VPC), Putnam BDC Income ETF (PBDC) and WHITEWOLF Publicly Listed Private Equity ETF (LBO).

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?
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 Hennion & Walsh Asset Management Inc. (0.92%) and Wealthcare Advisory Partners LLC (0.22%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SAR) was last updated on 4/25/2024 by MarketBeat.com Staff

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