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. It seeks to invest in the United States. The firm primarily invests $5 million to $20 million in companies having EBITDA of $2 million or greater and revenues of $8 million to $150 million. 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Investment advice
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:SAR
Previous SymbolNYSE:SHS
CUSIPN/A
Phone212-906-7800
Debt
Debt-to-Equity RatioN/A
Current Ratio0.18
Quick Ratio0.18
Price-To-Earnings
Trailing P/E Ratio9.88
Forward P/E Ratio9.03
P/E GrowthN/A
Sales & Book Value
Annual Sales$38.62 million
Price / Sales4.30
Cash Flow$2.3016 per share
Price / Cash9.65
Book Value$22.97 per share
Price / Book0.97
Profitability
EPS (Most Recent Fiscal Year)$2.27
Net Income$17.67 million
Net Margins40.39%
Return on Equity10.55%
Return on Assets4.18%
Miscellaneous
EmployeesN/A
Outstanding Shares7,480,000
Market Cap$168.82 million
OptionableN/A
Saratoga Investment (NYSE:SAR) Frequently Asked Questions
What is Saratoga Investment's stock symbol?
Saratoga Investment trades on the New York Stock Exchange (NYSE) under the ticker symbol "SAR."
How often does Saratoga Investment pay dividends? What is the dividend yield for Saratoga Investment?
Saratoga Investment declared a quarterly dividend on Wednesday, August 29th. Stockholders of record on Monday, September 17th will be given a dividend of $0.52 per share on Thursday, September 27th. This represents a $2.08 annualized dividend and a dividend yield of 9.37%. The ex-dividend date of this dividend is Friday, September 14th. This is a positive change from Saratoga Investment's previous quarterly dividend of $0.51. View Saratoga Investment's Dividend History.
How were Saratoga Investment's earnings last quarter?
Saratoga Investment Corp (NYSE:SAR) posted its quarterly earnings data on Thursday, October, 11th. The financial services provider reported $0.45 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.54 by $0.09. The financial services provider had revenue of $11.40 million for the quarter, compared to analyst estimates of $10.18 million. Saratoga Investment had a return on equity of 10.55% and a net margin of 40.39%. View Saratoga Investment's Earnings History.
When is Saratoga Investment's next earnings date?
What price target have analysts set for SAR?
4 equities research analysts have issued twelve-month target prices for Saratoga Investment's shares. Their forecasts range from $23.50 to $24.00. On average, they anticipate Saratoga Investment's stock price to reach $23.75 in the next year. This suggests a possible upside of 6.9% from the stock's current price. View Analyst Price Targets for Saratoga Investment.
What is the consensus analysts' recommendation for Saratoga Investment?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Saratoga Investment in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Saratoga Investment.
What are Wall Street analysts saying about Saratoga Investment stock?
Here are some recent quotes from research analysts about Saratoga Investment stock:
- 1. National Securities analysts commented, " Saratoga posted adjusted NII/share of $0.69 for fiscal 2Q19, significantly above our estimate of $0.51 and consensus estimates of $0.54. The company recognizes 100 bps of the traditional 200 bps origination fees up-front, which is primarily why “other income” increased to $566K from $280K Q/Q.
Originations for the quarter totaled $51.7 million contrasted with $35.2 million although sales and redemptions also slowed materially to a mere $1.0 million from $36.5 million over the same time period. Thus, the boost in investment income was almost entirely associated with the half-recognition of origination fees rather than any prepayment fees and acceleration of unamortized OID (original issue discount).
Management noted that the majority of the cash at 8/31/18 had been deployed in the last six weeks into new originations and the company continues to expand its loan book with eight new portfolio companies over the last four months.
The company has a $10.0 million CLO warehouse with the reinvestment period for its current CLO ending next month. We expect the CLO to be upsized in the 2/28/18 quarter and for the reset to favorably reduce the cost of liabilities by about 100 bps on a weighted average basis, which would augment CLO equity effective yield and thus total yield from control investments.
We are revising our fiscal 2019 adjusted NII/share estimate to $2.60 from $2.27 and our fiscal 2020 adjusted NII/share estimate to $2.43 from $2.24 and maintaining our NEUTRAL rating and $24 price target." (10/15/2018)
- 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. " (10/10/2018)
Who are some of Saratoga Investment's key competitors?
Some companies that are related to Saratoga Investment include Pzena Investment Management (PZN), Diamond Hill Investment Group (DHIL), Triangle Capital (TCAP), Barings BDC (BBDC), Victory Capital (VCTR), Westwood Holdings Group (WHG), Fidus Investment (FDUS), Monroe Capital (MRCC), Value Line (VALU), Silvercrest Asset Management Group (SAMG), Gp Zgp (ZAIS), StoneCastle Financial (BANX), Hennessy Advisors (HNNA), Great Elm Capital (GECC) and Alcentra Capital (ABDC).
Who are Saratoga Investment's key executives?
Saratoga Investment's management team includes the folowing people:
- Mr. Christian L. Oberbeck, Chairman & CEO (Age 58)
- Mr. Michael J. Grisius, Pres & Director (Age 54)
- Mr. Henri J. Steenkamp, Chief Compliance Officer, Sec., Treasurer & CFO (Age 42)
- Rochelle Kracoff, Investor Contact
- Mr. Joseph Burkhart, Managing Director of Bus. Devel.
How do I buy shares of Saratoga Investment?
Shares of SAR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Saratoga Investment's stock price today?
One share of SAR stock can currently be purchased for approximately $22.21.
How big of a company is Saratoga Investment?
Saratoga Investment has a market capitalization of $168.82 million and generates $38.62 million in revenue each year. The financial services provider earns $17.67 million in net income (profit) each year or $2.27 on an earnings per share basis.
What is Saratoga Investment's official website?
How can I contact Saratoga Investment?
Saratoga Investment's mailing address is 535 MADISON AVENUE, NEW YORK NY, 10022. The financial services provider can be reached via phone at 212-906-7800 or via email at [email protected]
MarketBeat Community Rating for Saratoga Investment (NYSE SAR)
MarketBeat's community ratings are surveys of what our community members think about Saratoga Investment and other stocks. Vote "Outperform" if you believe SAR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SAR will underperform the S&P 500 over the long term. You may vote once every thirty days.
