Saratoga Investment - SAR Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Saratoga Investment in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SAR shares.
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2 Wall Street research analysts have issued 12 month target prices for Saratoga Investment's shares. Their SAR share price forecasts range from $25.00 to $29.00. On average, they anticipate the company's stock price to reach $27.63 in the next twelve months. This suggests a possible upside of 10.9% 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 beginning of 2023. Since then, SAR shares have decreased by 2.3% and is now trading at $24.91.
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Saratoga Investment saw a increase in short interest in February. As of February 28th, there was short interest totaling 49,800 shares, an increase of 22.1% from the February 13th total of 40,800 shares. Based on an average daily trading volume, of 45,500 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.6% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our SAR earnings forecast.

Saratoga Investment Corp. (NYSE:SAR) announced its earnings results on Tuesday, January, 10th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.67 by $0.10. The financial services provider had revenue of $26.26 million for the quarter, compared to analysts' expectations of $23.87 million. Saratoga Investment had a net margin of 16.18% and a trailing twelve-month return on equity of 8.40%.

Saratoga Investment declared a quarterly dividend on Tuesday, February 28th. Investors of record on Thursday, March 16th will be given a dividend of $0.69 per share on Thursday, March 30th. This represents a $2.76 dividend on an annualized basis and a yield of 11.08%. The ex-dividend date is Wednesday, March 15th. This is a positive change from the stock's previous quarterly dividend of $0.68.
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), Virtus Private Credit Strategy ETF (VPC), Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE), iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV), iShares Emerging Markets Equity Factor ETF (EMGF), iShares MSCI Global Energy Producers ETF (FILL) and iShares MSCI Global Sustainable Development Goals ETF (SDG).

Saratoga Investment (NYSE:SAR) pays an annual dividend of $2.76 per share and currently has a dividend yield of 11.53%. 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 235.90%. 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 83.38% 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."

Saratoga Investment's stock is owned by many different retail and institutional investors. Top institutional investors include Black Diamond Capital Management L.L.C. (8.00%), Advisors Asset Management Inc. (1.12%), Hennion & Walsh Asset Management Inc. (0.95%), Wells Fargo & Company MN (0.70%), Raymond James & Associates (0.69%) and Legal & General Group Plc (0.67%). Insiders that own company stock include Christian L Oberbeck, George Cabell Williams III, Henri J Steenkamp and Steven M Looney.
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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 $24.91.

Saratoga Investment (NYSE:SAR) has a market capitalization of $296.18 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 $1.17 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.