Brokerages Set Saratoga Investment Corp (NYSE:SAR) PT at $23.63

Saratoga Investment Corp (NYSE:SAR) has been given an average recommendation of “Hold” by the six research firms that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation. The average 12-month target price among analysts that have covered the stock in the last year is $23.6250.

Several equities analysts have recently commented on the stock. Zacks Research raised shares of Saratoga Investment from a “strong sell” rating to a “hold” rating in a research note on Monday, December 15th. LADENBURG THALM/SH SH raised Saratoga Investment to a “hold” rating in a research report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Saratoga Investment in a research report on Monday, December 29th. B. Riley reduced their target price on Saratoga Investment from $23.50 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, October 16th. Finally, Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Saratoga Investment in a research note on Friday, October 10th.

Institutional Trading of Saratoga Investment

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ethos Financial Group LLC boosted its position in shares of Saratoga Investment by 6.8% during the second quarter. Ethos Financial Group LLC now owns 48,596 shares of the financial services provider’s stock valued at $1,205,000 after purchasing an additional 3,089 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in Saratoga Investment during the second quarter valued at $845,000. D.A. Davidson & CO. lifted its position in Saratoga Investment by 3.6% during the second quarter. D.A. Davidson & CO. now owns 31,109 shares of the financial services provider’s stock valued at $772,000 after buying an additional 1,093 shares during the period. Concurrent Investment Advisors LLC bought a new stake in shares of Saratoga Investment during the 2nd quarter valued at $242,000. Finally, Lido Advisors LLC grew its position in shares of Saratoga Investment by 43.1% in the 2nd quarter. Lido Advisors LLC now owns 186,253 shares of the financial services provider’s stock worth $4,619,000 after buying an additional 56,125 shares during the period. 19.09% of the stock is currently owned by hedge funds and other institutional investors.

Saratoga Investment Trading Down 1.1%

NYSE SAR opened at $23.55 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.17. Saratoga Investment has a 1-year low of $21.10 and a 1-year high of $26.17. The firm has a market cap of $381.13 million, a PE ratio of 9.65 and a beta of 0.56. The stock has a 50-day moving average of $22.90 and a 200-day moving average of $23.76.

Saratoga Investment (NYSE:SAR) last posted its quarterly earnings results on Wednesday, January 7th. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. The company had revenue of $31.65 million during the quarter, compared to analyst estimates of $31.35 million. Saratoga Investment had a net margin of 30.61% and a return on equity of 9.19%. As a group, sell-side analysts forecast that Saratoga Investment will post 3.93 EPS for the current year.

Saratoga Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, March 19th. Investors of record on Tuesday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 3rd. This represents a c) annualized dividend and a dividend yield of 12.7%. 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.