Saratoga Investment Corp Company Profile (NYSE:SAR)

About Saratoga Investment Corp (NYSE:SAR)

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: Capitalization:
  • Market Cap: $133.52 million
  • Outstanding Shares: 6,003,000
Average Prices:
  • 50 Day Moving Avg: $21.48
  • 200 Day Moving Avg: $21.40
  • 52 Week Range: $17.17 - $23.78
P/E:
  • Trailing P/E Ratio: 12.15
  • Foreward P/E Ratio: 10.59
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $35.76 million
  • Price / Sales: 3.75
  • Book Value: $22.36 per share
  • Price / Book: 1.00
Dividend:
  • Annual Dividend: $1.92
  • Dividend Yield: 8.6%
Profitability:
  • Net Margins: 29.96%
  • Return on Equity: 8.79%
  • Return on Assets: 3.38%
Debt:
  • Debt-to-Equity Ratio: 0.07%
  • Current Ratio: 0.11%
  • Quick Ratio: 0.11%
Misc:
  • Average Volume: 20,005 shs.
  • Beta: 0.48
  • Short Ratio: 0.16
 

Frequently Asked Questions for Saratoga Investment Corp (NYSE:SAR)

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 announced a quarterly dividend on Monday, August 28th. Stockholders of record on Friday, September 15th will be given a dividend of $0.48 per share on Tuesday, September 26th. This represents a $1.92 annualized dividend and a dividend yield of 8.59%. The ex-dividend date is Thursday, September 14th. This is a boost from Saratoga Investment Corp's previous quarterly dividend of $0.47. View Saratoga Investment Corp's Dividend History.

How were Saratoga Investment Corp's earnings last quarter?

Saratoga Investment Corp (NYSE:SAR) issued its earnings results on Wednesday, July, 13th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.05. The business earned $7.91 million during the quarter. Saratoga Investment Corp had a return on equity of 8.79% and a net margin of 29.96%. View Saratoga Investment Corp's Earnings History.

When will Saratoga Investment Corp make its next earnings announcement?

Saratoga Investment Corp is scheduled to release their next quarterly earnings announcement on Wednesday, January, 10th 2018. View Earnings Estimates for Saratoga Investment Corp.

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

5 equities research analysts have issued 12-month price targets for Saratoga Investment Corp's stock. Their forecasts range from $23.00 to $24.00. On average, they expect Saratoga Investment Corp's stock price to reach $23.50 in the next twelve months. View Analyst Ratings for Saratoga Investment Corp.

What are analysts saying about Saratoga Investment Corp stock?

Here are some recent quotes from research analysts about Saratoga Investment Corp stock:

  • 1. National Securities analysts commented, "• SAR posted adjusted NII/share of $0.62 versus our estimate of $0.52 and consensus estimates of $0.51. NII/share, which doesn’t include the $789K change in accrued capital gains incentive fees, was $0.49/share, slightly below our estimate of $0.52/share but still exceeding the $0.48/share dividend.
    • We expect the dividend to be increased steadily until we model the dividend to level out at $0.51/share in fiscal 2Q19.
    • Non-accruals at cost decreased Q/Q to $9.8 million or 2.9% of the portfolio from $20.1 million or 5.9% of the portfolio. Previous non-accrual My Alarm Center was sold for a $7.7 million realized loss (consistent with prior quarter marks) during the quarter. As a result of the restructuring, SAR’s second lien debt in the company was converted into equity.
    • The realized losses from My Alarm Center were offset by a $1.8 million realized gain on Mercury Network and a $2.1 million write-up of Easy Ice, which was recapitalized with Saratoga rolling its remaining investment into a second lien loan with a lower cost revolver provided by Madison Capital ahead of them, effectively lowering the cost of capital meaningfully for Easy Ice.
    • We are revising our fiscal 2018 adjusted NII/share estimate to $2.15 from $2.06 and our 2019 adjusted NII/share estimate to $2.07 from $2.09." (10/16/2017)
  • 2. According to Zacks Investment Research, "Saratoga Investment Corporation, formerly known as GSC Investment Corp., is a specialty finance company that invests primarily in leveraged loans and mezzanine debt issued by U.S. middle-market companies, both through direct lending and through participation in loan syndicates. The Company has been elected to be treated as a business development company. " (9/26/2017)

Who are some of Saratoga Investment Corp's key competitors?

Who are Saratoga Investment Corp's key executives?

Saratoga Investment Corp's management team includes the folowing people:

  • Christian L. Oberbeck, Chairman of the Board, Chief Executive Officer
  • Michael J. Grisius, President, Director
  • Henri J. Steenkamp, Chief Financial Officer, Chief Compliance Officer, Treasurer, Secretary
  • Steven M. Looney, Independent Director
  • Charles S. Whitman III, Independent Director
  • G. Cabell Williams III, Independent Director

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.

What is Saratoga Investment Corp's stock price today?

One share of Saratoga Investment Corp stock can currently be purchased for approximately $22.34.


MarketBeat Community Rating for Saratoga Investment Corp (NYSE SAR)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  68 (Vote Outperform)
Underperform Votes:  89 (Vote Underperform)
Total Votes:  157
MarketBeat's community ratings are surveys of what our community members think about Saratoga Investment Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Saratoga Investment Corp (NYSE:SAR) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.60)
Consensus Price Target: $23.50 (5.19% upside)
Consensus Price Target History for Saratoga Investment Corp (NYSE:SAR)
Price Target History for Saratoga Investment Corp (NYSE:SAR)
Analysts' Ratings History for Saratoga Investment Corp (NYSE:SAR)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/17/2017Maxim GroupBoost Price TargetBuy$24.00N/AView Rating Details
10/16/2017National SecuritiesReiterated RatingNeutral$23.00N/AView Rating Details
10/13/2017Compass PointUpgradeNeutral -> BuyN/AView Rating Details
10/6/2017Janney Montgomery ScottInitiated CoverageNeutral -> NeutralN/AView Rating Details
9/7/2017Royal Bank Of CanadaReiterated RatingOutperformLowView Rating Details
(Data available from 10/19/2015 forward)

Earnings

Earnings History for Saratoga Investment Corp (NYSE:SAR)
Earnings by Quarter for Saratoga Investment Corp (NYSE:SAR)
Earnings History by Quarter for Saratoga Investment Corp (NYSE SAR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/10/2018        
7/12/2017Q1 2018$0.47$0.60$8.71 millionViewN/AView Earnings Details
5/18/2017Q4 2017$0.26$0.19$8.36 millionViewN/AView Earnings Details
1/11/2017Q317$0.65$0.27$8.44 millionViewListenView Earnings Details
10/12/2016Q217$0.45$0.45$8.45 millionViewN/AView Earnings Details
7/13/2016Q117$0.51$0.46$7.91 millionViewListenView Earnings Details
5/17/2016Q416$0.40$0.45$7.13 million$7.80 millionViewListenView Earnings Details
1/13/2016Q316$0.49$0.42$7.00 million$6.94 millionViewListenView Earnings Details
10/13/2015Q216$0.49$0.22$7.20 million$7.76 millionViewListenView Earnings Details
7/14/2015Q116$0.44$0.33$6.82 million$7.56 millionViewListenView Earnings Details
5/20/2015Q415$0.45$0.53$7.04 million$7.45 millionViewN/AView Earnings Details
1/14/2015Q315$0.42$0.53$6.83 million$7.31 millionViewN/AView Earnings Details
10/14/2014Q215$0.37$0.43$6.40 million$6.48 millionViewN/AView Earnings Details
7/14/2014Q115$0.36$0.33$6.35 million$6.14 millionViewN/AView Earnings Details
5/27/2014$0.44$0.27$6.08 million$5.69 millionViewN/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: $2.27 EPS
Next Year EPS Consensus Estimate: $2.11 EPS

Dividends

Current Dividend Information for Saratoga Investment Corp (NYSE:SAR)
Most Recent Dividend:9/26/2017
Annual Dividend:$1.92
Dividend Yield:8.59%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:106.08% (Trailing 12 Months of Earnings)
84.58% (Based on This Year's Estimates)
91.00% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Saratoga Investment Corp (NYSE:SAR)

Dividend History by Quarter for Saratoga Investment Corp (NYSE SAR)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/28/2017quarterly$0.489.03%9/14/20179/15/20179/26/2017
5/30/2017Quarterly$0.478.5%6/13/20176/15/20176/27/2017
2/28/2017quarterly$0.468.09%3/13/20173/15/20173/28/2017
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 and Institutional Ownership History for Saratoga Investment Corp (NYSE:SAR)
Insider Ownership Percentage: 32.00%
Institutional Ownership Percentage: 17.04%
Insider Trades by Quarter for Saratoga Investment Corp (NYSE:SAR)
Institutional Ownership by Quarter for Saratoga Investment Corp (NYSE:SAR)
Insider Trades by Quarter for Saratoga Investment Corp (NYSE:SAR)
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

Headline Trends for Saratoga Investment Corp (NYSE:SAR)
Latest Headlines for Saratoga Investment Corp (NYSE:SAR)
Source:
DateHeadline
americanbankingnews.com logoMaxim Group Increases Saratoga Investment Corp (SAR) Price Target to $24.00
www.americanbankingnews.com - October 17 at 9:22 AM
nasdaq.com logoSAR Crosses Above Average Analyst Target
www.nasdaq.com - October 17 at 7:01 AM
finance.yahoo.com logoEarnings Review and Free Research Report: Saratoga's EPS Increased 25%
finance.yahoo.com - October 17 at 7:01 AM
americanbankingnews.com logoSaratoga Investment Corp (SAR) Raised to "Buy" at Compass Point
www.americanbankingnews.com - October 14 at 10:20 AM
seekingalpha.com logoSaratoga Investment Corp 2018 Q2 - Results - Earnings Call Slides
seekingalpha.com - October 14 at 7:37 AM
finance.yahoo.com logoEdited Transcript of SAR earnings conference call or presentation 12-Oct-17 2:00pm GMT
finance.yahoo.com - October 13 at 2:02 AM
finance.yahoo.com logoSaratoga Investment Corp. Announces Fiscal Second Quarter 2018 Financial Results
finance.yahoo.com - October 12 at 9:11 AM
americanbankingnews.com logoSaratoga Investment Corp (SAR) Releases Earnings Results
www.americanbankingnews.com - October 11 at 6:52 PM
bizjournals.com logoWhy this Vermont hospitality company is betting on Saratoga for its next move
www.bizjournals.com - October 7 at 8:16 AM
nasdaq.com logoAnalyst Actions: Saratoga Investment Initiated by Janney at Neutral With $21.50/Share Price Target
www.nasdaq.com - October 7 at 8:16 AM
americanbankingnews.com logoSaratoga Investment Corp (SAR) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - October 6 at 10:34 AM
americanbankingnews.com logoSaratoga Investment Corp (SAR) Receives New Coverage from Analysts at Janney Montgomery Scott
www.americanbankingnews.com - October 6 at 9:12 AM
americanbankingnews.com logoSaratoga Investment Corp (SAR) Scheduled to Post Quarterly Earnings on Wednesday
www.americanbankingnews.com - October 4 at 1:40 AM
finance.yahoo.com logoSaratoga Investment Corp. to Report Second Quarter 2018 Financial Results and Hold Conference Call
finance.yahoo.com - September 20 at 8:38 AM
nasdaq.com logoSaratoga Investment Corp (SAR) Ex-Dividend Date Scheduled for
www.nasdaq.com - September 15 at 8:32 AM
seekingalpha.com logoSaratoga Investment completes recap of portfolio company
seekingalpha.com - September 13 at 8:44 AM
finance.yahoo.com logoSaratoga Investment Corp. Announces Recapitalization of Easy Ice Investment
finance.yahoo.com - September 12 at 9:26 AM
americanbankingnews.com logoRoyal Bank Of Canada Reaffirms "Outperform" Rating for Saratoga Investment Corp (SAR)
www.americanbankingnews.com - September 7 at 7:40 PM
americanbankingnews.com logoMaxim Group Begins Coverage on Saratoga Investment Corp (SAR)
www.americanbankingnews.com - September 7 at 10:20 AM
bizjournals.com logoNew York's thoroughbred industry is on the rise, on and off the track
www.bizjournals.com - September 3 at 6:30 AM
americanbankingnews.com logoSaratoga Investment Corp (SAR) Receives New Coverage from Analysts at National Securities
www.americanbankingnews.com - August 29 at 11:22 PM
finance.yahoo.com logoSaratoga Investment Corp. Increases Quarterly Dividend to $0.48 per Share
finance.yahoo.com - August 29 at 7:34 AM
americanbankingnews.com logoAnalyzing CM Finance (CMFN) & Saratoga Investment Corp (SAR)
www.americanbankingnews.com - August 28 at 6:18 PM
americanbankingnews.com logoSaratoga Investment Corp (SAR) Declares Quarterly Dividend of $0.48
www.americanbankingnews.com - August 28 at 5:56 PM
americanbankingnews.com logoSaratoga Investment Corp (SAR) vs. CM Finance (CMFN) Head to Head Survey
www.americanbankingnews.com - August 25 at 4:10 AM
americanbankingnews.com logoAnalyzing Saratoga Investment Corp (SAR) & PowerShares QQQ Trust, Series 1 (QQQ)
www.americanbankingnews.com - August 20 at 8:14 PM
americanbankingnews.com logoSaratoga Investment Corp (SAR) versus iShares S&P NA Tec. Semi. Idx. Fd.(ETF) (SOXX) Head-To-Head Analysis
www.americanbankingnews.com - August 10 at 2:38 PM
americanbankingnews.com logoAnalyzing Saratoga Investment Corp (NYSE:SAR) and Compass Diversified Holdings (CODI)
www.americanbankingnews.com - August 7 at 12:12 PM
americanbankingnews.com logoAnalyzing Saratoga Investment Corp (NYSE:SAR) and CM Finance (CMFN)
www.americanbankingnews.com - August 6 at 7:12 AM
bizjournals.com logoSaratoga gets most investment of any county in the state
www.bizjournals.com - August 4 at 7:55 AM
americanbankingnews.com logoSaratoga Investment Corp (SAR) and PowerShares QQQ Trust, Series 1 (QQQ) Head to Head Review
www.americanbankingnews.com - July 26 at 8:53 AM
americanbankingnews.com logoComparing Saratoga Investment Corp (NYSE:SAR) and iShares S&P NA Tec. Semi. Idx. Fd.(ETF) (SOXX)
www.americanbankingnews.com - July 23 at 7:51 AM
finance.yahoo.com logoEdited Transcript of SAR earnings conference call or presentation 13-Jul-17 2:00pm GMT
finance.yahoo.com - July 14 at 8:07 AM
finance.yahoo.com logoSaratoga Investment Corp. Announces Fiscal First Quarter 2018 Financial Results
finance.yahoo.com - July 13 at 9:06 AM
americanbankingnews.com logoSaratoga Investment Corp (NYSE:SAR) Announces Earnings Results
www.americanbankingnews.com - July 13 at 8:50 AM
zacks.com logoSaratoga Investment (SAR) Jumps: Stock Adds 5.6% in Session
www.zacks.com - July 6 at 8:43 AM
seekingalpha.com logoSaratoga Investment's (SAR) CEO Christian Oberbeck on Q4 2017 Results - Earnings Call Transcript
seekingalpha.com - May 17 at 7:38 PM
reuters.com logoBRIEF-Saratoga Investment reports Q4 earnings per share $0.22
www.reuters.com - May 17 at 7:38 PM
bizjournals.com logoSaratoga Investment Corp. Announces Fiscal Year End and Fourth Quarter 2017 Financial Results
www.bizjournals.com - May 16 at 7:36 PM
thestreet.com logoSaratoga Investment New Enters Oversold Territory
www.thestreet.com - April 7 at 8:04 PM
bizjournals.com logoSaratoga Lake business expanding with 50-foot boat purchase
www.bizjournals.com - March 29 at 9:54 PM
prnewswire.com logoFlat Rock Global Launches Investment Firm Focused on Yield-Driven Investment Strategies
www.prnewswire.com - March 16 at 12:58 AM
reuters.com logoBRIEF-Saratoga Investment Corp says board increased quarterly dividend to $0.46 per share
www.reuters.com - February 28 at 7:18 PM
bizjournals.com logoQuad/Graphics engineers turnaround in 2016
www.bizjournals.com - February 22 at 9:44 AM
bizjournals.com logoCumberland Farms bets big on Albany region
www.bizjournals.com - February 16 at 7:21 PM
bizjournals.com logoCumberland Farms bets big on Albany region
www.bizjournals.com - February 16 at 7:21 PM
seekingalpha.com logoA Safe 8.4% Yielder With 10 Straight Dividend Increases
seekingalpha.com - February 6 at 8:35 AM
seekingalpha.com logoSaratoga Investment Corp 2017 Q3 - Results - Earnings Call Slides
seekingalpha.com - January 13 at 2:23 AM
biz.yahoo.com logoQ3 2017 Saratoga Investment Corp Earnings Release - After Market Close
us.rd.yahoo.com - January 12 at 9:22 PM
reuters.com logoBRIEF-Saratoga Investment Corp Q3 earnings per share $0.27
www.reuters.com - January 11 at 10:23 PM

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Chart

Saratoga Investment Corp (SAR) Chart for Thursday, October, 19, 2017

This page was last updated on 10/19/2017 by MarketBeat.com Staff

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