Saratoga Investment Corp (SAR) Position Maintained by Cue Financial Group Inc.

Cue Financial Group Inc. continued to hold its position in shares of Saratoga Investment Corp (NYSE:SAR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,969 shares of the financial services provider’s stock at the end of the second quarter. Cue Financial Group Inc. owned 0.67% of Saratoga Investment Corp worth $835,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mckinley Capital Management LLC Delaware raised its position in shares of Saratoga Investment Corp by 4.9% in the first quarter. Mckinley Capital Management LLC Delaware now owns 28,730 shares of the financial services provider’s stock valued at $623,000 after buying an additional 1,345 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Saratoga Investment Corp by 925.6% in the first quarter. JPMorgan Chase & Co. now owns 10,256 shares of the financial services provider’s stock valued at $222,000 after buying an additional 9,256 shares in the last quarter. Legal & General Group Plc raised its position in shares of Saratoga Investment Corp by 2.2% in the first quarter. Legal & General Group Plc now owns 12,749 shares of the financial services provider’s stock valued at $277,000 after buying an additional 277 shares in the last quarter. UBS Group AG raised its position in shares of Saratoga Investment Corp by 18.5% in the first quarter. UBS Group AG now owns 6,896 shares of the financial services provider’s stock valued at $150,000 after buying an additional 1,078 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in shares of Saratoga Investment Corp during the first quarter valued at about $213,000. 16.20% of the stock is currently owned by institutional investors.

Saratoga Investment Corp (SAR) opened at 20.54 on Friday. Saratoga Investment Corp has a 12 month low of $17.17 and a 12 month high of $23.78. The company’s 50-day moving average price is $21.04 and its 200 day moving average price is $21.78. The firm has a market capitalization of $122.56 million, a price-to-earnings ratio of 13.01 and a beta of 0.50.

Saratoga Investment Corp (NYSE:SAR) last announced its quarterly earnings results on Wednesday, July 12th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.14. The company had revenue of $8.71 million during the quarter. Saratoga Investment Corp had a return on equity of 8.03% and a net margin of 26.84%. Analysts predict that Saratoga Investment Corp will post $1.68 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Saratoga Investment Corp (SAR) Position Maintained by Cue Financial Group Inc.” was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://transcriptdaily.com/2017/08/13/cue-financial-group-inc-has-835000-position-in-saratoga-investment-corp-sar-updated-updated.html.

Separately, Zacks Investment Research lowered Saratoga Investment Corp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th.

About Saratoga Investment Corp

Saratoga Investment Corp. is a specialty finance company. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in leveraged loans and mezzanine debt issued by private middle-market companies in the United States. Its investment objective is to generate current income and, to a lesser extent, capital appreciation from its investments.

Institutional Ownership by Quarter for Saratoga Investment Corp (NYSE:SAR)

Receive News & Ratings for Saratoga Investment Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saratoga Investment Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply