Saratoga Investment (NYSE:SAR) Issues Earnings Results

Saratoga Investment (NYSE:SAR) released its earnings results on Tuesday. The financial services provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53, FiscalAI reports. Saratoga Investment had a net margin of 29.12% and a return on equity of 9.23%. The company had revenue of $6.85 million for the quarter, compared to analysts’ expectations of $30.85 million.

Saratoga Investment Price Performance

SAR traded down $0.11 during trading hours on Thursday, hitting $22.40. The company’s stock had a trading volume of 66,203 shares, compared to its average volume of 128,330. The business’s 50-day moving average price is $22.59 and its 200-day moving average price is $22.80. 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 $363.25 million, a price-to-earnings ratio of 9.61 and a beta of 0.55. 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 Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, June 4th will be given a $0.25 dividend. This represents a c) annualized dividend and a yield of 13.4%. The ex-dividend date is Thursday, June 4th. Saratoga Investment’s payout ratio is currently 122.95%.

Institutional Investors Weigh In On Saratoga Investment

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new stake in Saratoga Investment in the third quarter worth $25,000. Quantbot Technologies LP purchased a new position in Saratoga Investment during the third quarter worth $36,000. Advisory Services Network LLC purchased a new position in Saratoga Investment during the third quarter worth $45,000. Kestra Advisory Services LLC purchased a new position in Saratoga Investment during the fourth quarter worth $46,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in Saratoga Investment by 610.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,212 shares of the financial services provider’s stock worth $120,000 after buying an additional 4,478 shares during the period. Institutional investors own 19.09% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.