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NYSE:SARSaratoga Investment Stock Price, Forecast & News

$15.20
+0.02 (+0.13 %)
(As of 06/1/2020 04:00 PM ET)
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Today's Range
$14.96
Now: $15.20
$15.72
50-Day Range
$13.01
MA: $14.31
$15.92
52-Week Range
$5.94
Now: $15.20
$28.70
Volume76,276 shs
Average Volume137,115 shs
Market Capitalization$169.94 million
P/E Ratio2.69
Dividend Yield14.76%
Beta1.63
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.45 out of 5 stars


Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone212-906-7800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$58.45 million
Cash Flow$2.20 per share
Book Value$27.21 per share

Profitability

Net Income$55.74 million

Miscellaneous

EmployeesN/A
Market Cap$169.94 million
Next Earnings Date7/8/2020 (Estimated)
OptionableNot Optionable

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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 COVID-19 reached pandemic status according to the World Health Organization. Since then, SAR shares have decreased by 30.1% and is now trading at $15.20. 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) released its quarterly earnings results 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 the consensus estimate of $14.01 million. Saratoga Investment had a net margin of 95.36% and a return on equity of 9.31%. 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. Investors 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 14.74%. 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 1-year target prices for Saratoga Investment's stock. Their forecasts range from $16.50 to $27.00. On average, they expect Saratoga Investment's stock price to reach $21.70 in the next twelve months. This suggests a possible upside of 42.8% 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. " (5/30/2020)
  • 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?

Press coverage about SAR stock has trended very positive on Tuesday, InfoTrie reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Saratoga Investment earned a media sentiment score of 3.5 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect 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 drop in short interest in May. As of May 15th, there was short interest totaling 71,000 shares, a drop 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 presently 0.5 days. Currently, 0.9% of the company's stock are sold short. View Saratoga Investment's Current Options Chain.

Who are some of Saratoga Investment's key competitors?

What other stocks do shareholders of Saratoga Investment own?

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 number of institutional and retail investors. Top institutional shareholders 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 institutional 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 institutional 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 $15.20.

How big of a company is Saratoga Investment?

Saratoga Investment has a market capitalization of $169.94 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 6/2/2020 by MarketBeat.com Staff

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