Wall Street Zen Downgrades Saratoga Investment (NYSE:SAR) to Sell

Saratoga Investment (NYSE:SAR) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

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

Saratoga Investment Stock Up 0.3%

Saratoga Investment stock opened at $22.22 on Friday. Saratoga Investment has a twelve month low of $20.78 and a twelve month high of $25.64. The stock has a 50 day moving average of $22.57 and a two-hundred day moving average of $22.81. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $361.58 million, a price-to-earnings ratio of 9.54 and a beta of 0.55.

Saratoga Investment (NYSE:SAR) last posted its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. The company had revenue of $6.85 million during the quarter, compared to analysts’ expectations of $30.85 million. Saratoga Investment had a return on equity of 9.29% and a net margin of 29.12%. As a group, research analysts expect that Saratoga Investment will post 2.24 earnings per share for the current year.

Hedge Funds Weigh In On Saratoga Investment

A number of large investors have recently modified their holdings of the business. BNP Paribas Financial Markets purchased a new position in Saratoga Investment in the 3rd quarter valued at approximately $25,000. Quantbot Technologies LP purchased a new position in Saratoga Investment in the 3rd quarter valued at approximately $36,000. Advisory Services Network LLC purchased a new position in Saratoga Investment in the 3rd quarter valued at approximately $45,000. Kestra Advisory Services LLC purchased a new position in Saratoga Investment in the 4th quarter valued at approximately $46,000. Finally, Daytona Street Capital LLC purchased a new position in Saratoga Investment in the 4th quarter valued at approximately $51,000. 19.09% of the stock is owned by hedge funds and other institutional investors.

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.