Saratoga Investment (NYSE:SAR) Announces Quarterly Earnings Results

Saratoga Investment (NYSE:SAR) issued its earnings results on Tuesday. The financial services provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53, FiscalAI reports. Saratoga Investment had a net margin of 30.61% and a return on equity of 9.19%. The firm had revenue of $6.85 million during the quarter, compared to the consensus estimate of $30.85 million.

Saratoga Investment Trading Down 2.5%

NYSE:SAR traded down $0.59 during trading hours on Wednesday, hitting $22.64. The stock had a trading volume of 129,024 shares, compared to its average volume of 128,270. The company has a market cap of $367.14 million, a price-to-earnings ratio of 9.32 and a beta of 0.55. Saratoga Investment has a one year low of $20.78 and a one year high of $25.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.25 and a current ratio of 0.25. The business’s 50 day moving average is $22.59 and its 200-day moving average is $22.80.

Saratoga Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 4th will be paid a $0.25 dividend. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date of this dividend is Thursday, June 4th. Saratoga Investment’s dividend payout ratio is presently 122.95%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saratoga Investment in a research note on Friday, March 27th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $23.63.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Lido Advisors LLC boosted its holdings in shares of Saratoga Investment by 6.2% in the third quarter. Lido Advisors LLC now owns 197,873 shares of the financial services provider’s stock valued at $4,826,000 after buying an additional 11,620 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Saratoga Investment by 3.2% in the fourth quarter. Private Advisor Group LLC now owns 163,359 shares of the financial services provider’s stock valued at $3,769,000 after buying an additional 5,073 shares during the period. LPL Financial LLC boosted its holdings in shares of Saratoga Investment by 4.6% in the fourth quarter. LPL Financial LLC now owns 113,727 shares of the financial services provider’s stock valued at $2,624,000 after buying an additional 4,998 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Saratoga Investment by 7.0% in the third quarter. Ameriprise Financial Inc. now owns 71,549 shares of the financial services provider’s stock valued at $1,746,000 after buying an additional 4,650 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Saratoga Investment by 4.5% in the first quarter. Royal Bank of Canada now owns 23,476 shares of the financial services provider’s stock valued at $595,000 after buying an additional 1,018 shares during the period. Institutional investors and hedge funds own 19.09% of the company’s stock.

Saratoga Investment Company Profile

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.