Saratoga Investment Corp (NYSE:SAR) Receives Average Recommendation of “Hold” from Brokerages

Saratoga Investment Corp (NYSE:SAR) has received a consensus rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $23.6250.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Saratoga Investment in a research note on Friday, March 27th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SAR. Closed End Fund Advisors Inc. acquired a new position in shares of Saratoga Investment during the fourth quarter worth about $3,680,000. Brevan Howard Capital Management LP acquired a new position in shares of Saratoga Investment during the third quarter worth about $431,000. Focus Financial Network Inc. acquired a new position in shares of Saratoga Investment during the third quarter worth about $382,000. Jane Street Group LLC acquired a new position in shares of Saratoga Investment during the second quarter worth about $355,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Saratoga Investment in the fourth quarter worth about $305,000. Institutional investors and hedge funds own 19.09% of the company’s stock.

Saratoga Investment Trading Down 0.8%

Shares of SAR opened at $23.19 on Tuesday. The stock’s 50-day moving average is $22.67 and its two-hundred day moving average is $22.79. The stock has a market cap of $376.17 million, a PE ratio of 9.50 and a beta of 0.54. Saratoga Investment has a 12 month low of $20.78 and a 12 month high of $25.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.25 and a quick ratio of 0.25.

Saratoga Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.25 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date is Thursday, June 4th. Saratoga Investment’s payout ratio is currently 122.95%.

About Saratoga Investment

Saratoga Investment Corp. is a closed-end, externally managed investment company that seeks to generate current income and total return through a diversified portfolio of private U.S. companies. Trading on the New York Stock Exchange under the ticker SAR, the firm primarily targets middle-market businesses across a broad range of industries, including industrials, healthcare, consumer products, financial services and technology. Its investment approach combines debt and equity instruments, providing flexible capital solutions such as first-lien and second-lien secured loans, mezzanine debt, preferred equity and common equity positions.

As an actively managed vehicle, Saratoga Investment works closely with portfolio companies’ management teams to support growth initiatives, operational improvements, and strategic transactions.