Saratoga Investment Corp Company Profile (NYSE:SAR)

About Saratoga Investment Corp

Saratoga Investment Corp logoSaratoga Investment Corp. is a specialty finance company. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in leveraged loans and mezzanine debt issued by private middle-market companies in the United States. Its investment objective is to generate current income and, to a lesser extent, capital appreciation from its investments. It purchases mezzanine debt and makes equity investments in middle market companies. It may invest in other investments, such as investments in distressed debt, including securities of companies in bankruptcy, foreign debt, private equity, securities of public companies that are not thinly traded and structured finance vehicles, such as collateralized loan obligation funds. Its leveraged loan portfolio consists primarily of first lien and second lien term loans. The Company's investment activities are externally managed and advised by Saratoga Investment Advisors, LLC.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Diversified Investments
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: SAR
  • CUSIP:
Key Metrics:
  • Previous Close: $23.30
  • 50 Day Moving Average: $21.40
  • 200 Day Moving Average: $19.27
  • 52-Week Range: $13.58 - $23.40
  • Trailing P/E Ratio: 13.36
  • Foreward P/E Ratio: 11.23
  • P/E Growth: 0.00
  • Market Cap: $130.27M
  • Outstanding Shares: 5,744,000
  • Beta: 0.45
Profitability:
  • Net Margins: 29.86%
  • Return on Equity: 8.88%
  • Return on Assets: 3.78%
Debt:
  • Current Ratio: 0.15%
  • Quick Ratio: 0.15%
Additional Links:
Companies Related to Saratoga Investment Corp:

Analyst Ratings

Consensus Ratings for Saratoga Investment Corp (NYSE:SAR) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $18.00 (20.63% downside)

Analysts' Ratings History for Saratoga Investment Corp (NYSE:SAR)
Show:
DateFirmActionRatingPrice TargetDetails
7/26/2016Compass PointInitiated CoverageNeutral$18.00View Rating Details
7/15/2015Cantor FitzgeraldReiterated RatingBuy$21.00View Rating Details
7/1/2015BMO Capital MarketsReiterated RatingBuy$21.00View Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for Saratoga Investment Corp (NYSE:SAR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/15/2017        
1/11/2017Q317$0.65$0.27ViewListenView Earnings Details
10/12/2016Q217$0.45$0.45ViewN/AView Earnings Details
7/13/2016Q117$0.51$0.46ViewListenView Earnings Details
5/17/2016Q416$0.40$0.45$7.13 millionViewListenView Earnings Details
1/13/2016Q316$0.49$0.42ViewListenView Earnings Details
10/13/2015Q216$0.49$0.22$7.75 millionViewListenView Earnings Details
7/14/2015Q116$0.44$0.33$7.09 millionViewListenView Earnings Details
5/20/2015Q415$0.45$0.53$6.97 millionViewN/AView Earnings Details
1/15/2015Q315$0.42$0.53$6.70 millionViewN/AView Earnings Details
10/14/2014Q215$0.37$0.43$6.40 millionViewN/AView Earnings Details
7/14/2014Q115$0.36$0.33$6.35 million$6.14 millionViewN/AView Earnings Details
5/28/2014$0.44$0.27ViewN/AView Earnings Details
1/14/2014Nov 2013$0.44$0.63ViewN/AView Earnings Details
10/15/2013Q214($0.01)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Saratoga Investment Corp (NYSE:SAR)
Current Year EPS Consensus Estimate: $2.03 EPS
Next Year EPS Consensus Estimate: $2.02 EPS

Dividends

Current Dividend Information for Saratoga Investment Corp (NYSE:SAR)
Annual Dividend:$1.80
Dividend Yield:7.94%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:106.51% (Based on Trailing 12 Months of Earnings)
88.67% (Based on Current Year Consensus EPS Estimate)
89.11% (Based on Next Year Consensus EPS Estimate)

Dividend History for Saratoga Investment Corp (NYSE:SAR)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/12/2017quarterly$0.458.78%1/27/20171/31/20172/9/2017
10/12/2016Quarterly$0.449.66%10/27/201610/31/201611/9/2016
8/9/2016special$0.209.84%8/22/20168/24/20169/5/2016
7/14/2016quarterly$0.4310%7/27/20167/29/20168/9/2016
4/1/2016quarterly$0.4110.25%4/13/20164/15/20164/27/2016
1/14/2016quarterly$0.4010.88%1/28/20162/1/20162/29/2016
10/15/2015quarterly$0.368.85%10/29/201511/2/201511/30/2015
7/15/2015quarterly$0.337.72%7/30/20158/3/20158/31/2015
5/14/2015special$1.006.11%5/21/20155/26/20156/5/2015
4/9/2015quarterly$0.276.67%4/30/20155/4/20155/29/2015
9/24/2014quarterly$0.225.45%1/29/20152/2/20152/27/2015
9/24/2014quarterly$0.185.45%10/30/201411/3/201411/28/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Saratoga Investment Corp (NYSE:SAR)
Insider Ownership Percentage: 31.80%
Institutional Ownership Percentage: 17.73%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/6/2016Christian L OberbeckCEOBuy1,586$17.08$27,088.88View SEC Filing  
1/15/2016Steven M LooneyDirectorBuy500$14.53$7,265.00View SEC Filing  
1/22/2015George Cabell Williams IIIDirectorBuy5,199$15.35$79,804.65View SEC Filing  
1/16/2015George Cabell Williams IIIDirectorBuy6,301$15.09$95,082.09View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Saratoga Investment Corp (NYSE:SAR)
DateHeadline
News IconUPDATE: Howard County officials welcoming $107 million wind farm (NYSE:SAR)
wcfcourier.com - February 23 at 8:09 AM
News IconWhat Comic Book Villains Can Teach Us About Investment Mistakes (NYSE:SAR)
www.entrepreneur.com - February 23 at 8:09 AM
bizjournals.com logoQuad/Graphics engineers turnaround in 2016 (NYSE:SAR)
www.bizjournals.com - February 22 at 9:44 AM
bizjournals.com logoCumberland Farms bets big on Albany region (NYSE:SAR)
www.bizjournals.com - February 16 at 7:21 PM
bizjournals.com logoCumberland Farms bets big on Albany region (NYSE:SAR)
www.bizjournals.com - February 16 at 7:21 PM
News IconThe Saratoga Investment Corp (SAR) Given $18.50 Consensus Price Target by Brokerages (NYSE:SAR)
www.graffiotech.com - February 15 at 2:23 AM
News IconLeading stocks in today's market: Starbucks Corporation (NASDAQ:SBUX) (NYSE:SAR)
fairydetox.org - February 12 at 7:37 PM
News IconQ&A: Riley reflects on first year leading ARCC (NYSE:SAR)
poststar.com - February 12 at 12:47 AM
News IconHow Have Starbucks Corporation (SBUX) Earnings Outlook Changed? (NYSE:SAR)
mundoaguaysaneamiento.net - February 10 at 11:43 PM
News IconSaratoga County EDC creates mentoring team (NYSE:SAR)
www.saratogian.com - February 7 at 8:14 AM
seekingalpha.com logoA Safe 8.4% Yielder With 10 Straight Dividend Increases (NYSE:SAR)
seekingalpha.com - February 6 at 8:35 AM
News IconEconomic leaders discuss the future of Saratoga County (NYSE:SAR)
www.saratogian.com - January 27 at 2:48 AM
News IconInterested in Saratoga Investment Corp (SAR)’s upcoming $0.45 dividend? You have 3 days left (NYSE:SAR)
simplywall.st - January 23 at 8:02 PM
News IconHere's a Boring Investment You'll Find Is Exciting in Your Investment Portfolio (NYSE:SAR)
www.entrepreneur.com - January 21 at 4:33 AM
seekingalpha.com logoSaratoga Investment Corp 2017 Q3 - Results - Earnings Call Slides (NYSE:SAR)
seekingalpha.com - January 13 at 2:23 AM
finance.yahoo.com logoEdited Transcript of SAR earnings conference call or presentation 12-Jan-17 3:00pm GMT (NYSE:SAR)
finance.yahoo.com - January 13 at 2:23 AM
biz.yahoo.com logoQ3 2017 Saratoga Investment Corp Earnings Release - After Market Close (NYSE:SAR)
us.rd.yahoo.com - January 12 at 9:22 PM
News IconSaratoga, TX Real Estate & Homes for Sale (NYSE:SAR)
www.realtor.com - January 12 at 3:42 AM
finance.yahoo.com logoSaratoga Investment Corp. Announces Fiscal Third Quarter 2017 Financial Results (NYSE:SAR)
finance.yahoo.com - January 12 at 3:42 AM
News IconChristian Oberbeck: 5 Questions To Determine Which BDC To Invest In (NYSE:SAR)
bdcreporter.com - January 11 at 10:23 PM
reuters.com logoBRIEF-Saratoga Investment Corp Q3 earnings per share $0.27 (NYSE:SAR)
www.reuters.com - January 11 at 10:23 PM
sg.finance.yahoo.com logoSaratoga Investment posts 3Q profit (NYSE:SAR)
sg.finance.yahoo.com - January 11 at 10:23 PM
News IconAlbany businessman admits fraud, stealing funds for planned Cayuga County cheese plant (NYSE:SAR)
auburnpub.com - January 10 at 10:24 PM
bizjournals.com logoSaratoga County agency backs tax breaks for $15.9 million distribution center project (NYSE:SAR)
www.bizjournals.com - January 10 at 10:24 PM
News IconKerrisdale Advisers LLC Cuts Stake in Cognizant Technology Solutions Corporation (CTSH) (NYSE:SAR)
lasignare.com - January 8 at 12:25 AM
News IconHudson Falls tanning unit maker adding products, boosting hiring (NYSE:SAR)
poststar.com - December 28 at 7:33 PM
reuters.com logoBRIEF-Saratoga Investment completes public offering of notes due 2023 (NYSE:SAR)
www.reuters.com - December 22 at 8:04 PM
publicnow.com logoSaratoga Investment Corp. to Report Fiscal Third Quarter 2017 Financial Results and Hold Conference Call (NYSE:SAR)
www.publicnow.com - December 22 at 8:04 PM
einnews.com logoShoppers in Saratoga brave the snow to get last minute Christmas gifts (NYSE:SAR)
brazilbusiness.einnews.com - December 18 at 8:04 PM
News IconSEDC conducting energy assessment (NYSE:SAR)
www.saratogian.com - December 18 at 8:04 PM
us.rd.yahoo.com logo3:24 am Saratoga Investment prices offering of $65 mln 6.75% Notes due 2023 (NYSE:SAR)
us.rd.yahoo.com - December 14 at 10:00 PM
News IconOracle Corp. (ORCL) Rating Reiterated by Instinet (NYSE:SAR)
itapunta.com - December 13 at 8:18 AM
News IconOracle Corp. (ORCL) Position Boosted by National Pension Service (NYSE:SAR)
diy-home-garden.com - December 13 at 8:18 AM
News IconFiling by Certain Investment Companies of Rule 482 Advertising in Accordance With Rule 497 and the Note to Rule 482(e) (497ad) (NYSE:SAR)
ih.advfn.com - December 13 at 12:47 AM
investing.com logoThe Week Ahead: Dow 20K? (NYSE:SAR)
www.investing.com - December 12 at 9:20 AM
News IconThe Week Ahead: Dow 20,000 Just Ahead? (NYSE:SAR)
econintersect.com - December 12 at 9:20 AM
News IconWeighing the Week Ahead: Dow 20K? (NYSE:SAR)
www.minyanville.com - December 12 at 9:20 AM
bizjournals.com logoHow much power are hospitals, schools and manufacturers using? (NYSE:SAR)
www.bizjournals.com - December 10 at 8:25 AM
News IconHarbor Bank Community Development Corp. aims to boost entrepreneurship in Baltimore (NYSE:SAR)
www.baltimoresun.com - December 10 at 8:25 AM
insidermonkey.com logoSaratoga Investment Corp (SAR) CFO: Healthy Dividend, Lots Of Dry Powder (NYSE:SAR)
www.insidermonkey.com - December 9 at 7:37 PM
News IconIndustry consultant tells GCEDC that multi-billion projects coming to upstate (NYSE:SAR)
www.thedailynewsonline.com - December 8 at 8:06 PM
News IconPwC: Romanian employees are more productive but companies find it harder to keep them (NYSE:SAR)
www.romania-insider.com - December 8 at 8:06 PM
News IconCompany Hopes To Bring 100 Jobs To Saratoga Springs (NYSE:SAR)
wamc.org - December 8 at 8:06 PM
News IconPwC Saratoga study: human capital return on investment in Romania’s private sector up by 12 pct (NYSE:SAR)
www.business-review.eu - December 8 at 8:06 PM
News IconSaratoga EDC launches new site evaluation engine (NYSE:SAR)
www.saratogian.com - December 5 at 9:19 AM
News IconSix Express Taxi board members resign amid decline (NYSE:SAR)
www.thejakartapost.com - December 2 at 11:45 AM
News IconRatings Assigned To Six Classes From Saratoga Investment Corp. CLO 2013-1 Ltd. After Refinancing (NYSE:SAR)
www.thaipr.net - November 16 at 11:00 AM
seekingalpha.com logoSaratoga Investment: A 10% Yielding Conservative BDC With Increasing Dividends (NYSE:SAR)
seekingalpha.com - November 9 at 7:21 PM
News IconSaratoga Research Investment Management Lowers stake in SYSCO Corporation (SYY) (NYSE:SAR)
magseriesusa.net - November 8 at 10:57 AM
News IconSaratoga Research Investment Management Lowers stake in The Coca-Cola Co (KO) (NYSE:SAR)
discover-usa.net - November 7 at 11:15 AM

Social

What is Saratoga Investment Corp's stock symbol?

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

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

Saratoga Investment Corp declared a quarterly dividend on Thursday, January 12th. Stockholders of record on Tuesday, January 31st will be paid a dividend of $0.45 per share on Thursday, February 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.94%. The ex-dividend date of this dividend is Friday, January 27th. This is an increase from Saratoga Investment Corp's previous quarterly dividend of $0.44.

Where is Saratoga Investment Corp's stock going? Where will Saratoga Investment Corp's stock price be in 2017?

1 equities research analysts have issued 12-month price objectives for Saratoga Investment Corp's stock. Their predictions range from $18.00 to $18.00. On average, they anticipate Saratoga Investment Corp's stock price to reach $18.00 in the next twelve months.

When will Saratoga Investment Corp announce their earnings?

Saratoga Investment Corp is scheduled to release their next quarterly earnings announcement on Monday, May, 15th 2017.

Who owns Saratoga Investment Corp stock?

Saratoga Investment Corp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Ladenburg Thalmann Financial Services Inc. (1.24%), First Republic Investment Management Inc. (0.46%) and Vivaldi Asset Management LLC (0.45%). Company insiders that own Saratoga Investment Corp stock include Christian L Oberbeck and Steven M Looney.

Who bought Saratoga Investment Corp stock? Who is buying Saratoga Investment Corp stock?

Saratoga Investment Corp's stock was acquired by a variety of institutional investors in the last quarter, including Ladenburg Thalmann Financial Services Inc., Vivaldi Asset Management LLC and First Republic Investment Management Inc.. Company insiders that have bought Saratoga Investment Corp stock in the last two years include Christian L Oberbeck and Steven M Looney.

How do I buy Saratoga Investment Corp stock?

Shares of Saratoga Investment Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Saratoga Investment Corp stock cost?

One share of Saratoga Investment Corp stock can currently be purchased for approximately $22.68.

Saratoga Investment Corp (NYSE:SAR) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Saratoga Investment Corp (NYSE:SAR)

Earnings History Chart

Earnings by Quarter for Saratoga Investment Corp (NYSE:SAR)

Dividend History Chart

Dividend Payments by Quarter for Saratoga Investment Corp (NYSE:SAR)

Last Updated on 2/24/2017 by MarketBeat.com Staff