Saratoga Investment Corp (NYSE:SAR) Given Consensus Rating of “Hold” by Brokerages

Saratoga Investment Corp (NYSE:SAR) has received a consensus rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $23.00.

Several equities analysts have recently issued reports on SAR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saratoga Investment in a research note on Friday, March 27th. Wall Street Zen downgraded shares of Saratoga Investment from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th.

Hedge Funds Weigh In On Saratoga Investment

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in Saratoga Investment during the third quarter worth $25,000. Quantbot Technologies LP bought a new position in Saratoga Investment during the third quarter worth $36,000. Advisory Services Network LLC bought a new position in Saratoga Investment during the third quarter worth $45,000. Kestra Advisory Services LLC bought a new position in Saratoga Investment during the fourth quarter worth $46,000. Finally, Daytona Street Capital LLC bought a new position in Saratoga Investment during the fourth quarter worth $51,000. Institutional investors own 19.09% of the company’s stock.

Saratoga Investment Stock Performance

Shares of Saratoga Investment stock opened at $22.42 on Wednesday. Saratoga Investment has a fifty-two week low of $20.78 and a fifty-two week high of $25.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market capitalization of $364.69 million, a P/E ratio of 9.62 and a beta of 0.54. The company’s 50 day moving average price is $22.41 and its two-hundred day moving average price is $22.81.

Saratoga Investment (NYSE:SAR) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. Saratoga Investment had a net margin of 29.12% and a return on equity of 9.29%. The firm had revenue of $6.85 million for the quarter, compared to analyst estimates of $30.85 million. On average, equities analysts forecast that Saratoga Investment will post 2.15 earnings per share for the current fiscal year.

Saratoga Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 13.4%. Saratoga Investment’s dividend payout ratio (DPR) is presently 128.76%.

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.