Saratoga Investment (SAR) Stock Price, News & Analysis

Company Overview

Saratoga Investment Corp. (NYSE:SAR) is a closed-end, externally managed business development company that provides financing solutions to middle-market U.S. companies. The firm focuses on originating and acquiring secured debt investments, subordinated debt and equity interests, targeting established businesses across a range of industries. By partnering with management teams, Saratoga seeks to support growth initiatives, working capital needs and strategic acquisitions with flexible capital structures.

The company’s investment portfolio spans sectors such as manufacturing, business services, healthcare, and technology, as well as select real estate and communications infrastructure assets. Saratoga typically targets transactions in the $20 million to $75 million range, emphasizing senior secured positions that offer downside protection and attractive risk-adjusted returns. Its disciplined underwriting process combines detailed credit analysis with sector expertise to identify opportunities in both stable and cyclical markets.

Since its initial public offering in 2014, Saratoga Investment has pursued a strategy of active portfolio management and selective deal sourcing, leveraging the resources of its external advisor. The company maintains a diversified portfolio, aiming to mitigate concentration risk while capitalizing on dislocations in credit markets. By balancing current income with capital preservation, Saratoga seeks to deliver long-term value for shareholders through both yield generation and potential asset appreciation.

Externally managed by Saratoga Investment Advisors, LLC, the firm is guided by an experienced leadership team with deep backgrounds in investment banking, private credit and corporate finance. Under the oversight of its board of directors and led by Chairman Cary Kochman, Saratoga emphasizes governance, risk management and transparency. The management team’s collective expertise in structuring complex financings supports the company’s goal of being a flexible capital provider to middle-market companies nationwide.

Key Stats

• Today's Range: $24.17 to $24.70
• 50-Day Range: $22.71 to $25.47
• 52-Week Range: $21.10 to $26.49
• Volume: 43,648 shs
• Average Volume: 95,393 shs
• Market Capitalization: $376.47 million
• P/E Ratio: 9.92
• Dividend Yield: 12.24%
• Price Target: $24.25
• Consensus Rating: Hold

Saratoga Investment Stock Analysis - MarketRank™

Saratoga Investment scored higher than 34% of companies evaluated by MarketBeat, and ranked 724th out of 903 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Saratoga Investment has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Saratoga Investment has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -24.17%

Earnings Growth

Earnings for Saratoga Investment are expected to decrease by -24.17% in the coming year, from $3.93 to $2.98 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Saratoga Investment is 9.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.83.

Price to Earnings Ratio vs. Sector

The P/E ratio of Saratoga Investment is 9.84, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.00.

Price to Book Value per Share Ratio

Saratoga Investment has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.98% of the float of Saratoga Investment has been sold short.

Short Interest Ratio / Days to Cover

Saratoga Investment has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Saratoga Investment has recently increased by 17.39%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Saratoga Investment is a leading dividend payer. It pays a dividend yield of 11.98%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Saratoga Investment does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Saratoga Investment is 121.46%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Saratoga Investment will have a dividend payout ratio of 100.67% in the coming year. This indicates that Saratoga Investment may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.98% of the float of Saratoga Investment has been sold short.

Short Interest Ratio / Days to Cover

Saratoga Investment has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Saratoga Investment has recently increased by 17.39%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.07

News Sentiment

Saratoga Investment has a news sentiment score of 0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.73 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 17 news articles for Saratoga Investment this week, compared to 4 articles on an average week.

Search Interest

12 people have searched for SAR on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

10 people have added Saratoga Investment to their MarketBeat watchlist in the last 30 days. This is an increase of 900% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Saratoga Investment insiders have not sold or bought any company stock.

Percentage Held by Insiders

12.00% of the stock of Saratoga Investment is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 19.09% of the stock of Saratoga Investment is held by institutions.

SAR Stock Analysis - Frequently Asked Questions

How have SAR shares performed this year?

Saratoga Investment's stock was trading at $23.92 at the beginning of the year. Since then, SAR stock has increased by 1.6% and is now trading at $24.31.

How were Saratoga Investment's earnings last quarter?

Saratoga Investment Corp (NYSE:SAR) posted its earnings results on Tuesday, July, 8th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by $0.03. The financial services provider earned $35,219.96 billion during the quarter, compared to analysts' expectations of $32.75 million. Saratoga Investment had a trailing twelve-month return on equity of 12.85% and a net margin of 24.85%.
Read the conference call transcript.

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.

What other stocks do shareholders of Saratoga Investment own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Saratoga Investment investors own include NVIDIA (NVDA), Enterprise Products Partners (EPD), Broadcom (AVGO), Meta Platforms (META), Energy Transfer (ET), Rithm Capital (RITM) and Advanced Micro Devices (AMD).

Company Calendar

• Ex-Dividend for 5/22 Dividend: 5/06/2025
• Record date for 5/22 Dividend: 5/07/2025
• Dividend Payable: 5/22/2025
• Last Earnings: 7/08/2025
• Record date for 7/24 Dividend: 7/08/2025
• Ex-Dividend for 7/24 Dividend: 7/08/2025
• Today: 7/10/2025
• Dividend Payable: 7/24/2025
• Fiscal Year End: 2/28/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: FIN - SBIC&COMMRL
• Sub-Industry: Financial Services
• Current Symbol: NYSE:SAR
• Previous Symbol: NYSE:SHS
• CIK: 1377936
• Web: www.saratogainvestmentcorp.com
• Phone: (212) 906-7800
• Fax: 212-884-6184
• Employees: 3,211
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Saratoga Investment: $24.25
• High Price Target: $25.00
• Low Price Target: $23.50
• Potential Upside/Downside: -0.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.47
• Trailing P/E Ratio: 9.84
• Forward P/E Ratio: 6.19
• P/E Growth: N/A
• Net Income: $28.09 million
• Net Margins: 24.85%
• Pretax Margin: 35.61%
• Return on Equity: 12.85%
• Return on Assets: 4.04%

Debt

• Debt-to-Equity Ratio: 0.13
• Current Ratio: 0.29
• Quick Ratio: 0.29

Sales & Book Value

• Annual Sales: $148.85 million
• Price / Sales: 2.51
• Cash Flow: $2.64 per share
• Price / Cash Flow: 9.20
• Book Value: $27.37 per share
• Price / Book: 0.89

Miscellaneous

• Outstanding Shares: 15,360,000
• Free Float: 13,521,000
• Market Cap: $373.40 million
• Optionable: Optionable
• Beta: 0.67