Saratoga Investment Corp (NYSE:SAR) Receives $23.63 Average Price Target from Brokerages

Saratoga Investment Corp (NYSE:SAR) has received an average rating of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $23.6250.

Several research firms recently commented on SAR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saratoga Investment in a research report on Friday, March 27th. Wall Street Zen cut Saratoga Investment from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in Saratoga Investment by 2.2% in the first quarter. Cetera Investment Advisers now owns 22,301 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 476 shares during the period. Royal Bank of Canada lifted its holdings in Saratoga Investment by 3.2% in the first quarter. Royal Bank of Canada now owns 17,950 shares of the financial services provider’s stock valued at $393,000 after acquiring an additional 557 shares during the period. BNP Paribas Financial Markets bought a new position in Saratoga Investment in the third quarter valued at about $25,000. Osaic Holdings Inc. lifted its holdings in Saratoga Investment by 24.0% in the second quarter. Osaic Holdings Inc. now owns 6,256 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 1,211 shares during the period. Finally, Lido Advisors LLC lifted its holdings in Saratoga Investment by 0.6% in the fourth quarter. Lido Advisors LLC now owns 199,138 shares of the financial services provider’s stock valued at $4,855,000 after acquiring an additional 1,265 shares during the period. Institutional investors own 19.09% of the company’s stock.

Saratoga Investment Trading Down 0.1%

NYSE SAR opened at $22.20 on Friday. Saratoga Investment has a 12 month low of $20.78 and a 12 month high of $25.64. The stock has a market cap of $361.26 million, a P/E ratio of 9.53 and a beta of 0.56. The stock’s fifty day moving average price is $22.31 and its 200-day moving average price is $22.78. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.18.

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

Saratoga Investment Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, June 4th will be given 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 13.5%. Saratoga Investment’s dividend payout ratio (DPR) is 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.