$18.79 Million in Sales Expected for Saratoga Investment Corp. (NYSE:SAR) This Quarter

Equities analysts expect Saratoga Investment Corp. (NYSE:SARGet Rating) to post sales of $18.79 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Saratoga Investment’s earnings. The lowest sales estimate is $18.32 million and the highest is $19.26 million. Saratoga Investment posted sales of $16.82 million during the same quarter last year, which suggests a positive year over year growth rate of 11.7%. The firm is expected to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Saratoga Investment will report full-year sales of $77.41 million for the current year, with estimates ranging from $75.09 million to $79.72 million. For the next fiscal year, analysts forecast that the firm will post sales of $85.42 million, with estimates ranging from $79.94 million to $90.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Saratoga Investment.

SAR has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on shares of Saratoga Investment in a research note on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research lowered shares of Saratoga Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, March 9th. Compass Point lowered their price objective on shares of Saratoga Investment to $29.00 and set a “na” rating for the company in a research note on Monday, May 16th. Hovde Group lowered their price objective on shares of Saratoga Investment to $28.00 in a research note on Friday. Finally, TheStreet lowered shares of Saratoga Investment from a “b-” rating to a “c+” rating in a research note on Monday, January 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $30.00.

Several hedge funds have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC lifted its position in shares of Saratoga Investment by 9.5% during the first quarter. Chicago Partners Investment Group LLC now owns 23,100 shares of the financial services provider’s stock valued at $605,000 after buying an additional 2,010 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Saratoga Investment by 6.0% during the first quarter. Advisors Asset Management Inc. now owns 146,577 shares of the financial services provider’s stock valued at $3,996,000 after buying an additional 8,347 shares during the last quarter. First Republic Investment Management Inc. lifted its position in shares of Saratoga Investment by 44.6% during the first quarter. First Republic Investment Management Inc. now owns 12,981 shares of the financial services provider’s stock valued at $354,000 after buying an additional 4,006 shares during the last quarter. UBS Group AG lifted its position in shares of Saratoga Investment by 44.3% during the first quarter. UBS Group AG now owns 5,810 shares of the financial services provider’s stock valued at $158,000 after buying an additional 1,783 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Saratoga Investment by 11.0% during the first quarter. Northern Trust Corp now owns 13,876 shares of the financial services provider’s stock valued at $378,000 after acquiring an additional 1,378 shares in the last quarter. 20.68% of the stock is owned by institutional investors and hedge funds.

Shares of SAR opened at $24.98 on Thursday. The firm has a market capitalization of $302.76 million, a P/E ratio of 6.21 and a beta of 1.48. Saratoga Investment has a 12-month low of $23.54 and a 12-month high of $30.25. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $26.73 and a 200-day moving average price of $27.71.

The company also recently declared a quarterly dividend, which was paid on Monday, March 28th. Shareholders of record on Monday, March 14th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 8.49%. The ex-dividend date was Friday, March 11th. Saratoga Investment’s payout ratio is 52.74%.

Saratoga Investment Company Profile (Get Rating)

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.

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Earnings History and Estimates for Saratoga Investment (NYSE:SAR)

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