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.
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Industry, Sector and Symbol
Industry N/A
Sub-IndustryN/A
SectorN/A
WebN/A
PhoneN/A
Debt
Price-To-Earnings
Sales & Book Value
Annual SalesN/A
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/13/2020 (Estimated)
OptionableNot Optionable
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 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 yield of 8.03%. The ex-dividend date of this dividend is Thursday, January 23rd. View Saratoga Investment's Dividend History.
How were Saratoga Investment's earnings last quarter?
Saratoga Investment Corp (NYSE:SAR) issued its earnings results on Thursday, January, 9th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.79. The financial services provider earned $14.20 million during the quarter, compared to the consensus estimate of $14.17 million. View Saratoga Investment's Earnings History.
When is Saratoga Investment's next earnings date?
What price target have analysts set for SAR?
6 brokers have issued 12 month price objectives for Saratoga Investment's shares. Their forecasts range from $24.00 to $29.00. On average, they anticipate Saratoga Investment's stock price to reach $26.46 in the next twelve months. This suggests that the stock has a possible downside of 5.2%. View Analyst Price Targets for Saratoga Investment.
What is the consensus analysts' recommendation for 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.
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. " (1/16/2020)
- 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 coverage about SAR stock has been trending neutral on Sunday, InfoTrie Sentiment Analysis reports. The research group ranks 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 five, with scores nearest to five being the most favorable. Saratoga Investment earned a news sentiment score of 0.2 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Saratoga Investment.
Are investors shorting Saratoga Investment?
Saratoga Investment saw a increase in short interest in January. As of January 31st, there was short interest totalling 24,700 shares, an increase of 11.3% from the January 15th total of 22,200 shares. Based on an average daily volume of 110,100 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the shares of the company are sold short. View Saratoga Investment's Current Options Chain.
What other stocks do shareholders of Saratoga Investment own?
Who are Saratoga Investment's key executives?
Saratoga Investment's management team includes the folowing 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.
Who are Saratoga Investment's major shareholders?
Saratoga Investment's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include UBS Group AG (1.22%), Marshall Wace LLP (0.90%), Virtus ETF Advisers LLC (0.78%), Oxford Asset Management LLP (0.47%), Raymond James & Associates (0.46%) and Advisors Asset Management Inc. (0.46%). Company insiders that own Saratoga Investment stock include (Tony) Kiernan Anthony, Christian L Oberbeck, Elizabeth Oberbeck and Henri J Steenkamp. View Institutional Ownership Trends for Saratoga Investment.
Which institutional investors are selling Saratoga Investment stock?
Which institutional investors are buying Saratoga Investment stock?
SAR stock was acquired by a variety of institutional investors in the last quarter, including WESPAC Advisors LLC, Marshall Wace LLP, Oxford Asset Management LLP, Raymond James & Associates, First Republic Investment Management Inc., UBS Group AG, Advisors Asset Management Inc. 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 and Henri J Steenkamp. View Insider Buying and Selling 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 $27.90.
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.
