Saratoga Investment (SAR) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Saratoga Investment in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SAR shares.
View SAR analyst ratings or view top-rated stocks.

3 brokerages have issued 12-month price targets for Saratoga Investment's shares. Their SAR share price forecasts range from $25.00 to $28.50. On average, they predict the company's stock price to reach $27.10 in the next twelve months. This suggests a possible upside of 6.1% 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 $25.49 at the start of the year. Since then, SAR shares have increased by 0.2% and is now trading at $25.55.
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Saratoga Investment saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 19,200 shares, a decrease of 82.6% from the August 15th total of 110,600 shares. Based on an average daily volume of 108,100 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% 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 3rd 2023.
View our SAR earnings forecast.

Saratoga Investment Corp. (NYSE:SAR) released its quarterly earnings data on Monday, July, 10th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.17. The financial services provider earned $34.63 million during the quarter, compared to analysts' expectations of $32.18 million. Saratoga Investment had a trailing twelve-month return on equity of 11.94% and a net margin of 22.55%.

Saratoga Investment announced a quarterly dividend on Monday, August 14th. Stockholders of record on Thursday, September 14th will be paid a dividend of $0.71 per share on Thursday, September 28th. This represents a $2.84 annualized dividend and a yield of 11.12%. The ex-dividend date is Wednesday, September 13th. This is an increase from the stock's previous quarterly dividend of $0.70.
Read our dividend analysis for SAR.

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).

Saratoga Investment (NYSE:SAR) pays an annual dividend of $2.84 per share and currently has a dividend yield of 10.99%. 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 129.68%. 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 74.74% next year. This indicates that the company will be able to sustain or increase its 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."

Saratoga Investment's stock is owned by a number of retail and institutional investors. Top institutional investors include Black Diamond Capital Management L.L.C. (0.81%), Wells Fargo & Company MN (0.72%), LPL Financial LLC (0.60%), Raymond James & Associates (0.53%), Private Advisor Group LLC (0.50%) and Claybrook Capital LLC (0.35%). Insiders that own company stock include Christian L Oberbeck and Steven M Looney.
View institutional ownership trends.

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 $25.55.

Saratoga Investment (NYSE:SAR) has a market capitalization of $306.09 million and generates $99.10 million in revenue each year. The financial services provider earns $24.68 million in net income (profit) each year or $2.19 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.