Saratoga Investment Corp Company Profile (NYSE:SAR)

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

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.

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.

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

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.

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)

Some companies that are related to Saratoga Investment Corp include Draper Esprit PLC (GROW), Tiziana Life Sciences PLC (TILS), CM Finance (CMFN), Gresham House plc (GHE), Cluff Natural Resources PLC (CLNR), Mineral & Financial Investments Ltd (MAFL), Amedeo Resources PLC (AMED), Legendary Investments plc (LEG), Amedeo Resources PLC (CRO), Greencoat UK Wind PLC (UKW), Henderson Global Trust PLC (HGL), International Biotechnology Trust Plc (IBT), iShares S&P NA Tec. Semi. Idx. Fd.(ETF) (SOXX), ProShares UltraShort Russell2000 (TWM), Standard Life Equity Income Trust Plc (SLET) and Tiziana Life Sciences PLC (ADI).

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

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.

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