Saratoga Investment - SAR Stock Forecast, Price & News

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

2 brokers have issued 12 month price objectives for Saratoga Investment's stock. Their SAR share price forecasts range from $28.00 to $31.00. On average, they expect the company's share price to reach $29.13 in the next twelve months. This suggests a possible upside of 34.3% from the stock's current price.
View analysts price targets for SAR or view top-rated stocks among Wall Street analysts.

Saratoga Investment's stock was trading at $29.38 on January 1st, 2022. Since then, SAR shares have decreased by 26.2% and is now trading at $21.68.
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Saratoga Investment saw a increase in short interest in August. As of August 31st, there was short interest totaling 41,900 shares, an increase of 31.3% from the August 15th total of 31,900 shares. Based on an average trading volume of 31,800 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.5% of the company's stock are short sold.
View Saratoga Investment's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 4th 2022.
View our SAR earnings forecast.

Saratoga Investment will be holding an earnings conference call on Wednesday, October 5th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Saratoga Investment Corp. (NYSE:SAR) issued its quarterly earnings data on Wednesday, July, 6th. The financial services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by $0.02. The financial services provider had revenue of $18.68 million for the quarter, compared to analyst estimates of $18.79 million. Saratoga Investment had a trailing twelve-month return on equity of 7.56% and a net margin of 31.95%.

Saratoga Investment announced a quarterly dividend on Tuesday, August 30th. Investors of record on Wednesday, September 14th will be paid a dividend of $0.54 per share on Thursday, September 29th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 9.96%. The ex-dividend date is Tuesday, September 13th. This is an increase from the stock's previous quarterly dividend of $0.53.
Read our dividend analysis for SAR.

Saratoga Investment (NYSE:SAR) pays an annual dividend of $2.16 per share and currently has a dividend yield of 10.35%. 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 106.93%. 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 91.53% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SAR.

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.

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).

Saratoga Investment trades on the New York Stock Exchange (NYSE) under the ticker symbol "SAR."

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.
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One share of SAR stock can currently be purchased for approximately $21.68.

Saratoga Investment (NYSE:SAR) has a market capitalization of $258.64 million and generates $70.74 million in revenue each year. The financial services provider earns $45.74 million in net income (profit) each year or $2.02 on an earnings per share basis.

Saratoga Investment's mailing address is 535 MADISON AVENUE, NEW YORK NY, 10022. The official website for the company is www.saratogainvestmentcorp.com. The financial services provider can be reached via phone at (212) 906-7800, via email at ccrosetto@gsc.com, or via fax at 212-884-6184.