NYSE:SARSaratoga Investment Stock Price, Forecast & News

$15.77

+0.64 (+4.23 %)

(As of 05/27/2020 04:00 PM ET)

Add

Compare

Today's Range

$15.21

Now: $15.77▼

$16.00

50-Day Range

$11.17

MA: $14.06▼

$15.92

52-Week Range

$5.94

Now: $15.77▼

$28.70

Volume84,700 shs

Average Volume138,389 shs

Market Capitalization$176.34 million

P/E Ratio2.79

Dividend Yield14.81%

Beta1.69

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.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Saratoga Investment has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.70, Saratoga Investment has a potential upside of 37.6% from its current price of $15.77.
Amount of Analyst Coverage
Saratoga Investment has only been the subject of 4 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Saratoga Investment has received 231 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Saratoga Investment has received 280 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Saratoga Investment has received 54.79% “underperform” votes from our community.

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.

1.7 Dividend Strength

Dividend Leadership
Saratoga Investment is a leading dividend payer. It pays a dividend yield of 14.81%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Saratoga Investment has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Saratoga Investment is 89.96 %. 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 113.13 % in the coming year. This indicates that Saratoga Investment may not be able to sustain their current dividend.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Saratoga Investment insiders have bought more of their company's stock than they have sold. Specifically, they have bought $496,184.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 20.90% of the stock of Saratoga Investment is held by insiders.
Percentage Held by Institutions
Only 19.58% of the stock of Saratoga Investment is held by institutions.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Saratoga Investment are expected to decrease by -12.78% in the coming year, from $2.27 to $1.98 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Saratoga Investment is 2.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.82.
Price to Earnings Ratio vs. Sector
The P/E ratio of Saratoga Investment is 2.79, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.68.
Price to Book Value per Share Ratio
Saratoga Investment has a P/B Ratio of 0.58. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.45 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Investment advice

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:SAR

Previous SymbolNYSE:SHS

CUSIPN/A

CIK1377936

Webwww.saratogainvestmentcorp.com

Phone212-906-7800

Debt

Debt-to-Equity RatioN/A

Current Ratio0.20

Quick Ratio0.20

Price-To-Earnings

Trailing P/E Ratio2.79

Forward P/E Ratio6.95

P/E GrowthN/A

Sales & Book Value

Annual Sales$58.45 million

Price / Sales3.02

Cash Flow$2.33 per share

Price / Cash Flow6.76

Book Value$27.21 per share

Price / Book0.58

Profitability

EPS (Most Recent Fiscal Year)$2.49

Net Income$55.74 million

Net Margins95.36%

Return on Equity9.31%

Return on Assets4.42%

Miscellaneous

EmployeesN/A

Outstanding Shares11,182,000

Market Cap$176.34 million

Next Earnings Date7/8/2020 (Estimated)

OptionableNot Optionable

Receive SAR News and Ratings via Email

Sign-up to receive the latest news and ratings for SAR and its competitors with MarketBeat's FREE daily newsletter.

Saratoga Investment (NYSE:SAR) Frequently Asked Questions

How has Saratoga Investment's stock been impacted by COVID-19 (Coronavirus)?

Saratoga Investment's stock was trading at $21.74 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SAR stock has decreased by 27.5% and is now trading at $15.77. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Saratoga Investment?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Saratoga Investment in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Saratoga Investment.

When is Saratoga Investment's next earnings date?

Saratoga Investment is scheduled to release its next quarterly earnings announcement on Wednesday, July 8th 2020. View our earnings forecast for Saratoga Investment.

How were Saratoga Investment's earnings last quarter?

Saratoga Investment Corp (NYSE:SAR) posted its quarterly earnings data on Wednesday, May, 6th. The financial services provider reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $1.84. The financial services provider had revenue of $17.61 million for the quarter, compared to analysts' expectations of $14.01 million. Saratoga Investment had a return on equity of 9.31% and a net margin of 95.36%. View Saratoga Investment's earnings history.

How often does Saratoga Investment pay dividends? What is the dividend yield for Saratoga Investment?

Saratoga Investment announced a quarterly dividend on Thursday, January 9th. Shareholders of record on Friday, January 24th will be given a dividend of $0.56 per share on Thursday, February 6th. This represents a $2.24 annualized dividend and a dividend yield of 14.20%. The ex-dividend date of this dividend is Thursday, January 23rd. View Saratoga Investment's dividend history.

What price target have analysts set for SAR?

6 equities research analysts have issued twelve-month price targets for Saratoga Investment's stock. Their forecasts range from $16.50 to $27.00. On average, they anticipate Saratoga Investment's stock price to reach $21.70 in the next twelve months. This suggests a possible upside of 37.6% from the stock's current price. View analysts' price targets 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. 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. " (5/12/2020)
2. Maxim Group analysts commented, "SAR reported F1Q20 adjusted/core NII (excluding incentive fee accrual related to unrealized capital gains) of $0.60 versus its F1Q20 dividend of $0.55, up from $0.54 in F4Q19. SAR has now raised its dividend for 19 consecutive quarters. Based on over- coverage and management optimism regarding the investment pipeline, we expect SAR to continue to raise its dividend by $0.01/share for each quarter through FY21 (which would produce a F4Q21 yield of 10.3% on current NAV). We are maintaining our price target at $27. With: 1) a relatively low-risk strategy of focusing on senior secured, floating-rate loans, 2) a strong credit quality record, and 3) top-tier performance metrics, SAR deserves to trade at a level similar to high-quality peers, in our view. Our price target equates to 1.12x NAV (versus 1.14x previously), which is inline with high-quality peers." (7/12/2019)

Has Saratoga Investment been receiving favorable news coverage?

Media headlines about SAR stock have trended somewhat negative this week, according to InfoTrie. The research firm rates the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Saratoga Investment earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutSaratoga Investment.

Are investors shorting Saratoga Investment?

Saratoga Investment saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 71,000 shares, a decline of 28.6% from the April 30th total of 99,500 shares. Based on an average daily trading volume, of 149,400 shares, the short-interest ratio is currently 0.5 days. Approximately 0.9% of the shares of the company are sold short. View Saratoga Investment's Current Options Chain.

Who are some of Saratoga Investment's key competitors?

Some companies that are related to Saratoga Investment include Brightsphere Investment Group (BSIG), Sculptor Capital Management (SCU), Och-Ziff Capital Management Group (OZM), PUYI INC/ADR (PUYI), Diamond Hill Investment Group (DHIL), Barings BDC (BBDC), Pzena Investment Management (PZN), Value Line (VALU), Fidus Investment (FDUS), Westwood Holdings Group (WHG), Silvercrest Asset Management Group (SAMG), Monroe Capital (MRCC), StoneCastle Financial (BANX), Hennessy Advisors (HNNA) and Manning and Napier (MN). View all competitors.

What other stocks do shareholders of Saratoga Investment own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Saratoga Investment investors own include Energy Transfer LP Unit (ET), ANNALY CAP MGMT/SH (NLY), New Residential Investment (NRZ), NGL Energy Partners (NGL), AT&T (T), Ares Capital (ARCC), Enterprise Products Partners (EPD), AGNC Investment (AGNC), Alliance Resource Partners (ARLP) and CHIMERA INVT CO/SH NEW (CIM).

Who are Saratoga Investment's key executives?

Saratoga Investment's management team includes the following people:

Mr. Christian L. Oberbeck, Chairman & CEO (Age 59)
Mr. Michael J. Grisius, Pres & Director (Age 55)
Mr. Henri J. Steenkamp, Chief Compliance Officer, Sec., Treasurer & CFO (Age 43)
Mr. Adam Prior, Sr. VP
Mr. Joseph Burkhart, Managing Director of Bus. Devel.

What is Saratoga Investment's stock symbol?

Saratoga Investment trades on the New York Stock Exchange (NYSE) under the ticker symbol "SAR."

Who are Saratoga Investment's major shareholders?

Saratoga Investment's stock is owned by a variety of retail and institutional investors. Top institutional investors include Advisor Group Holdings Inc. (1.12%), Virtus ETF Advisers LLC (0.85%), Radcliffe Capital Management L.P. (0.58%), JPMorgan Chase & Co. (0.49%), Legal & General Group Plc (0.48%) and Raymond James & Associates (0.48%). Company insiders that own Saratoga Investment stock include (Tony) Kiernan Anthony, Christian L Oberbeck, Elizabeth Oberbeck, George Cabell Williams III and Henri J Steenkamp. View institutional ownership trends for Saratoga Investment.

Which major investors are selling Saratoga Investment stock?

SAR stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Two Sigma Advisers LP, and JPMorgan Chase & Co.. View insider buying and selling activity for Saratoga Investment.

Which major investors are buying Saratoga Investment stock?

SAR stock was purchased by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., Radcliffe Capital Management L.P., Alps Advisors Inc., Weber Alan W, Morgan Stanley, Eagle Global Advisors LLC, Wells Fargo & Company MN, and Virtus ETF Advisers LLC. Company insiders that have bought Saratoga Investment stock in the last two years include (Tony) Kiernan Anthony, Christian L Oberbeck, George Cabell Williams III, and Henri J Steenkamp. View insider buying and selling activity for Saratoga Investment.

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, Robinhood, Fidelity, and Charles Schwab.

What is Saratoga Investment's stock price today?

One share of SAR stock can currently be purchased for approximately $15.77.

How big of a company is Saratoga Investment?

Saratoga Investment has a market capitalization of $176.34 million and generates $58.45 million in revenue each year. The financial services provider earns $55.74 million in net income (profit) each year or $2.49 on an earnings per share basis.

What is Saratoga Investment's official website?

The official website for Saratoga Investment is www.saratogainvestmentcorp.com.

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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff