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Saratoga Investment - SAR Stock Forecast, Price & News

$24.56
-0.50 (-2.00%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$24.55
$25.01
50-Day Range
$22.70
$26.95
52-Week Range
$22.35
$30.25
Volume
21,532 shs
Average Volume
39,007 shs
Market Capitalization
$293.00 million
P/E Ratio
12.16
Dividend Yield
8.46%
Price Target
$29.50

Saratoga Investment MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
20.1% Upside
$29.50 Price Target
Short Interest
Healthy
0.35% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.28mentions of Saratoga Investment in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$29,425 Bought Last Quarter
Proj. Earnings Growth
4.42%
From $2.26 to $2.36 Per Share

Overall MarketRank

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

2.67 out of 5 stars

Finance Sector

233rd out of 926 stocks

Investment Advice Industry

18th out of 51 stocks

SAR stock logo

About Saratoga Investment (NYSE:SAR) Stock

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. is based in New York, New York with an additional office in Florham Park, New Jersey.

Analysts Set New Price Targets

A number of research firms recently weighed in on SAR. Compass Point dropped their target price on Saratoga Investment to $29.00 and set a "na" rating for the company in a research report on Monday, May 16th. Hovde Group dropped their target price on Saratoga Investment to $28.00 in a research report on Friday, May 20th. Raymond James dropped their target price on Saratoga Investment from $31.00 to $28.50 and set an "outperform" rating for the company in a research report on Friday, July 8th. Finally, StockNews.com upgraded Saratoga Investment from a "sell" rating to a "hold" rating in a research report on Thursday, August 4th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $29.50.

Saratoga Investment Trading Down 2.0 %

Saratoga Investment stock traded down $0.50 during trading hours on Monday, reaching $24.56. The company had a trading volume of 21,532 shares, compared to its average volume of 39,007. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.17 and a quick ratio of 0.17. The company has a 50-day moving average price of $24.08 and a 200 day moving average price of $25.93. The firm has a market cap of $293.00 million, a price-to-earnings ratio of 12.16 and a beta of 1.37. Saratoga Investment has a 12-month low of $22.35 and a 12-month high of $30.25.

Saratoga Investment (NYSE:SAR - Get Rating) last announced its quarterly earnings results on Wednesday, July 6th. The financial services provider reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.02). The company had revenue of $18.68 million during the quarter, compared to analysts' expectations of $18.79 million. Saratoga Investment had a return on equity of 7.56% and a net margin of 31.95%. Equities analysts forecast that Saratoga Investment will post 2.26 earnings per share for the current year.

Saratoga Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Tuesday, June 14th were paid a dividend of $0.53 per share. The ex-dividend date was Monday, June 13th. This represents a $2.12 annualized dividend and a dividend yield of 8.63%. Saratoga Investment's dividend payout ratio (DPR) is presently 104.95%.

Insider Activity

In other Saratoga Investment news, Director Steven M. Looney bought 1,250 shares of Saratoga Investment stock in a transaction dated Tuesday, August 2nd. The shares were purchased at an average cost of $23.54 per share, with a total value of $29,425.00. Following the completion of the purchase, the director now owns 3,758 shares of the company's stock, valued at $88,463.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 14.00% of the company's stock.

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SAR Stock News Headlines

The business, top to bottom
10-Q: ARROW FINANCIAL CORP
Saratoga Hospital names new CEO
Adamis Pharmaceuticals Issues Letter to Stockholders
Julie Bonacio's name is everywhere in Saratoga
See More Headlines
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SAR Company Calendar

Ex-Dividend for 6/29 Dividend
6/13/2022
Dividend Payable
6/29/2022
Last Earnings
7/06/2022
Today
8/15/2022
Next Earnings (Estimated)
10/04/2022
Fiscal Year End
2/28/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$29.50
High Stock Price Forecast
$31.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+20.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$45.74 million
Pretax Margin
34.93%

Debt

Sales & Book Value

Annual Sales
$70.74 million
Cash Flow
$2.26 per share
Book Value
$29.40 per share

Miscellaneous

Free Float
10,260,000
Market Cap
$293.00 million
Optionable
Not Optionable
Beta
1.37

Key Executives

  • Mr. Christian L. Oberbeck (Age 62)
    Chairman, CEO & Pres
  • Mr. Henri J. Steenkamp (Age 46)
    Chief Compliance Officer, Sec., Treasurer, CFO & Director
  • Mr. Michael Joseph Grisius (Age 58)
    Chief Investment Officer
  • Christine Monterosso
    Chief Admin. Officer to CEO
  • Mr. Adam Prior
    Sr. VP
  • Mr. Richard A. Petrocelli CPA (Age 54)
    Managing Director
  • Mr. Paul B. West
    Principal
  • Ms. Marissa Mann Andrews
    Principal
  • Mr. Thomas V. Inglesby J.D.
    MD & Portfolio Mang.
  • Mr. John F. MacMurray
    MD & Portfolio Mang.













SAR Stock - Frequently Asked Questions

Should I buy or sell Saratoga Investment stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Saratoga Investment in the last twelve months. There are currently 3 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.

What is Saratoga Investment's stock price forecast for 2022?

3 Wall Street analysts have issued 1 year target prices for Saratoga Investment's shares. Their SAR share price forecasts range from $28.00 to $31.00. On average, they anticipate the company's share price to reach $29.50 in the next twelve months. This suggests a possible upside of 17.7% 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 2022?

Saratoga Investment's stock was trading at $29.38 at the beginning of 2022. Since then, SAR shares have decreased by 14.7% and is now trading at $25.06.
View the best growth stocks for 2022 here
.

Are investors shorting Saratoga Investment?

Saratoga Investment saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 33,400 shares, a decrease of 19.3% from the June 15th total of 41,400 shares. Based on an average daily trading volume, of 39,800 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.8% of the company's stock are sold short.
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 Tuesday, October 4th 2022.
View our SAR earnings forecast
.

How were Saratoga Investment's earnings last quarter?

Saratoga Investment Corp. (NYSE:SAR) released its earnings results 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 net margin of 31.95% and a trailing twelve-month return on equity of 7.56%.

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

Saratoga Investment declared a quarterly dividend on Thursday, May 26th. Investors of record on Tuesday, June 14th will be paid a dividend of $0.53 per share on Wednesday, June 29th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.46%. The ex-dividend date is Monday, June 13th.
Read our dividend analysis for SAR
.

Is Saratoga Investment a good dividend stock?

Saratoga Investment (NYSE:SAR) pays an annual dividend of $2.12 per share and currently has a dividend yield of 8.46%. SAR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 104.95%. 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 89.83% 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 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?
What is Saratoga Investment's stock symbol?

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

Who are Saratoga Investment's major shareholders?

Saratoga Investment's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Advisors Asset Management Inc. (1.20%), Hennion & Walsh Asset Management Inc. (0.85%), Thomas J. Herzfeld Advisors Inc. (0.69%), LPL Financial LLC (0.54%), Pictet North America Advisors SA (0.35%) and Banque Pictet & Cie SA (0.35%). Insiders that own company stock include (Tony) Kiernan Anthony, Christian L Oberbeck, George Cabell Williams III, Henri J Steenkamp 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.

What is Saratoga Investment's stock price today?

One share of SAR stock can currently be purchased for approximately $25.06.

How much money does Saratoga Investment make?

Saratoga Investment (NYSE:SAR) has a market capitalization of $298.97 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.

How can I contact Saratoga Investment?

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.

This page (NYSE:SAR) was last updated on 8/15/2022 by MarketBeat.com Staff

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