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: $125.07 million
  • Outstanding Shares: 5,967,000
Average Prices:
  • 50 Day Moving Avg: $21.10
  • 200 Day Moving Avg: $21.57
  • 52 Week Range: $17.17 - $23.78
P/E:
  • Trailing P/E Ratio: 13.31
  • Foreward P/E Ratio: 10.20
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $33.96 million
  • Price / Sales: 3.69
  • Book Value: $21.69 per share
  • Price / Book: 0.97
Dividend:
  • Annual Dividend: $1.92
  • Dividend Yield: 9.2%
Profitability:
  • Net Margins: 26.84%
  • Return on Equity: 8.03%
  • Return on Assets: 3.19%
Debt:
  • Debt-to-Equity Ratio: 0.19%
  • Current Ratio: 0.15%
  • Quick Ratio: 0.15%
Misc:
  • Average Volume: 23,847 shs.
  • Beta: 0.51
  • 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 declared a quarterly dividend on Monday, August 28th. Investors 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 yield of 9.13%. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change 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 quarterly earnings results on Wednesday, July, 12th. The company reported $0.60 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.47 by $0.13. The company earned $8.71 million during the quarter. Saratoga Investment Corp had a return on equity of 8.03% and a net margin of 26.84%. 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, October, 11th 2017. 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?

3 equities research analysts have issued 1 year price targets for Saratoga Investment Corp's stock. Their forecasts range from $23.00 to $23.00. On average, they expect Saratoga Investment Corp's stock price to reach $23.00 in the next year. 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, "Investment Conclusion . We are initiating coverage of Saratoga Investment Corp. (SAR) with a NEUTRAL rating and $23 price target. Saratoga is a lower middle market (LMM) focused company, making loans to companies with EBITDA between $2 - $50 million. The company commenced operations in March 2007 but was known as GSC Investment Corp. and was externally managed by GSCP, LP. In July 2010 the company recapitalized and Saratoga Investment Advisors became the new external manager of the company. SAR did not begin to pay regular cash dividends until fiscal 2Q15 and since then it has increased its quarterly dividend every quarter. The company recently had a couple non-accruals pop up totaling $20.1 million or 5.9% of the portfolio at amortized cost. We expect portfolio growth to offset the pressure on earnings that the non-accruals would otherwise cause. However, we note that we do model NAV to decrease the next fiscal quarter before stabilizing. Ample dry powder with increased first tier sponsor relationships should drive good volume for Saratoga, helping NII to overcome the anticipated earnings drag from non-accruals. Additionally, we expect the company to have to issue minimal equity on a flow basis through its ATM program given the reasonable regulatory leverage on the balance sheet. " (8/29/2017)
  • 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. " (7/27/2017)

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

Who owns Saratoga Investment Corp stock?

Saratoga Investment Corp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Cue Financial Group Inc. (0.67%), Mckinley Capital Management LLC Delaware (0.48%), Weber Alan W (0.29%), Legal & General Group Plc (0.25%), Dynamic Technology Lab Private Ltd (0.18%) and GSA Capital Partners LLP (0.17%). Company insiders that own Saratoga Investment Corp stock include Christian L Oberbeck and Steven M Looney. View Institutional Ownership Trends for Saratoga Investment Corp.

Who sold Saratoga Investment Corp stock? Who is selling Saratoga Investment Corp stock?

Saratoga Investment Corp's stock was sold by a variety of institutional investors in the last quarter, including Mckinley Capital Management LLC Delaware. View Insider Buying and Selling for Saratoga Investment Corp.

Who bought Saratoga Investment Corp stock? Who is buying Saratoga Investment Corp stock?

Saratoga Investment Corp's stock was acquired by a variety of institutional investors in the last quarter, including Dynamic Technology Lab Private Ltd, GSA Capital Partners LLP, Northern Trust Corp and Legal & General Group Plc. Company insiders that have bought Saratoga Investment Corp stock in the last two years include Christian L Oberbeck and Steven M Looney. View Insider Buying and Selling for Saratoga Investment Corp.

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 $21.02.


MarketBeat Community Rating for Saratoga Investment Corp (NYSE SAR)
Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  58 (Vote Outperform)
Underperform Votes:  77 (Vote Underperform)
Total Votes:  135
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: 1 Hold Rating, 2 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $23.00 (9.42% upside)

Analysts' Ratings History for Saratoga Investment Corp (NYSE:SAR)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/7/2017Royal Bank Of CanadaReiterated RatingOutperformLowView Rating Details
9/7/2017Maxim GroupInitiated CoverageBuy$23.00MediumView Rating Details
8/29/2017National SecuritiesInitiated CoverageNeutral$23.00LowView Rating Details
7/26/2016Compass PointInitiated CoverageNeutral$18.00N/AView Rating Details
(Data available from 9/20/2015 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
10/11/2017        
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: $2.13 EPS
Next Year EPS Consensus Estimate: $2.06 EPS

Dividends

Current Dividend Information for Saratoga Investment Corp (NYSE:SAR)
Next Dividend:9/26/2017
Annual Dividend:$1.92
Dividend Yield:9.13%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:121.52% (Trailing 12 Months of Earnings)
90.14% (Based on This Year's Estimates)
93.20% (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
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 logoZacks: Saratoga Investment Corp (NYSE:SAR) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - August 1 at 8:46 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
americanbankingnews.com logoSaratoga Investment Corp (NYSE:SAR) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - July 12 at 12:54 PM
zacks.com logoSaratoga Investment (SAR) Jumps: Stock Adds 5.6% in Session
www.zacks.com - July 6 at 8:43 AM
finance.yahoo.com logoSaratoga Investment Corp. to Report First Quarter 2018 Financial Results and Hold Conference Call
finance.yahoo.com - June 16 at 9:38 AM
americanbankingnews.com logoSaratoga Investment Corp (sar) Plans Quarterly Dividend of $0.47
www.americanbankingnews.com - May 31 at 10:54 AM
finance.yahoo.com logoSaratoga Investment Corp. Increases Quarterly Dividend to $0.47 per Share
finance.yahoo.com - May 30 at 9:25 AM
finance.yahoo.com logoSaratoga Investment Corp. Strengthens Base of Liquidity
finance.yahoo.com - May 19 at 12:36 PM
finance.yahoo.com logoEdited Transcript of SAR earnings conference call or presentation 17-May-17 2:00pm GMT
finance.yahoo.com - May 18 at 11:57 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
americanbankingnews.com logoSaratoga Investment Corp (SAR) Releases Quarterly Earnings Results
www.americanbankingnews.com - May 17 at 12:26 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
americanbankingnews.com logoSaratoga Investment Corp (SAR) Receives News Impact Rating of -0.12
www.americanbankingnews.com - May 4 at 2:10 PM
americanbankingnews.com logoSaratoga Investment Corp (SAR) Getting Somewhat Positive Press Coverage, Report Shows
www.americanbankingnews.com - April 30 at 5:45 PM
americanbankingnews.com logoSaratoga Investment Corp (SAR) Getting Somewhat Critical News Coverage, Analysis Finds
www.americanbankingnews.com - April 27 at 5:42 PM
americanbankingnews.com logoSaratoga Investment Corp (SAR) Getting Somewhat Negative News Coverage, Study Finds
www.americanbankingnews.com - April 20 at 8:53 AM
finance.yahoo.com logoSaratoga Investment Corp. to Report Fiscal Year End and Fourth Quarter 2017 Financial Results and Hold Conference Call
finance.yahoo.com - April 19 at 7:37 PM
americanbankingnews.com logoSomewhat Positive Press Coverage Somewhat Likely to Impact Saratoga Investment Corp (SAR) Stock Price
www.americanbankingnews.com - April 15 at 5:32 PM
americanbankingnews.com logo Brokerages Set $20.00 Target Price for Saratoga Investment Corp (SAR)
www.americanbankingnews.com - April 12 at 10:43 PM
americanbankingnews.com logoSaratoga Investment Corp (SAR) Cut to "C+" at TheStreet
www.americanbankingnews.com - April 11 at 2:45 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
americanbankingnews.com logoZacks: Analysts Set $18.50 Price Target for Saratoga Investment Corp (SAR)
www.americanbankingnews.com - March 21 at 11:52 AM
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
finance.yahoo.com logoSaratoga Investment Corp. Increases Quarterly Dividend to $0.46 per Share
finance.yahoo.com - February 28 at 12:08 PM
finance.yahoo.com logo7:06 am Saratoga Investment increases quarterly dividend to $0.46/share from $0.45/share
finance.yahoo.com - February 28 at 12:08 PM
bizjournals.com logoQuad/Graphics engineers turnaround in 2016
www.bizjournals.com - February 22 at 9:44 AM

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Chart

Saratoga Investment Corp (SAR) Chart for Wednesday, September, 20, 2017

This page was last updated on 9/20/2017 by MarketBeat.com Staff