Saratoga Investment (NYSE:SAR) Posts Earnings Results, Beats Estimates By $0.08 EPS

Saratoga Investment (NYSE:SAR) issued its earnings results on Wednesday. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.08, Zacks reports. Saratoga Investment had a return on equity of 15.88% and a net margin of 13.64%.

Saratoga Investment Trading Up 1.1 %

Shares of SAR stock opened at $24.47 on Thursday. The company has a market capitalization of $337.71 million, a price-to-earnings ratio of 15.99 and a beta of 1.33. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $24.44 and a 200 day moving average price of $23.66. Saratoga Investment has a twelve month low of $21.56 and a twelve month high of $26.49.

Saratoga Investment Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th were issued a $1.09 dividend. This represents a dividend yield of 11.9%. The ex-dividend date was Wednesday, December 4th. Saratoga Investment’s payout ratio is currently 193.46%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SAR. Compass Point upped their price objective on shares of Saratoga Investment from $24.75 to $26.25 and gave the stock a “buy” rating in a research note on Friday, October 11th. Oppenheimer lifted their price target on Saratoga Investment from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Thursday, October 10th. B. Riley reiterated a “neutral” rating and issued a $25.00 target price on shares of Saratoga Investment in a research report on Thursday, October 10th. Finally, LADENBURG THALM/SH SH downgraded Saratoga Investment from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.42.

Saratoga Investment Company Profile

Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. It structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity.