Saratoga Investment (SAR) Set to Announce Quarterly Earnings on Monday

Saratoga Investment (NYSE:SAR) is scheduled to be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect Saratoga Investment to post earnings of $0.96 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Saratoga Investment Stock Performance

NYSE:SAR opened at $23.57 on Friday. The stock has a 50 day simple moving average of $23.19 and a 200 day simple moving average of $24.09. The stock has a market cap of $321.73 million, a P/E ratio of 12.15 and a beta of 1.28. Saratoga Investment has a 1-year low of $22.35 and a 1-year high of $28.87. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10.

Saratoga Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were paid a $0.73 dividend. This is a boost from Saratoga Investment’s previous quarterly dividend of $0.72. The ex-dividend date was Tuesday, March 12th. This represents a $2.92 annualized dividend and a yield of 12.39%. Saratoga Investment’s payout ratio is 150.52%.

Analysts Set New Price Targets

Several analysts have recently issued reports on SAR shares. Compass Point lowered Saratoga Investment from a “buy” rating to a “neutral” rating and set a $24.75 target price on the stock. in a report on Wednesday, January 10th. StockNews.com raised shares of Saratoga Investment from a “sell” rating to a “hold” rating in a report on Friday, April 5th. Finally, B. Riley downgraded shares of Saratoga Investment from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. in a report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Saratoga Investment presently has a consensus rating of “Hold” and an average price target of $26.69.

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.