Saratoga Investment (NYSE:SAR) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Saratoga Investment (NYSE:SAR) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates 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 Stock Up 1.1 %

Shares of NYSE:SAR opened at $24.47 on Friday. The company has a market capitalization of $337.71 million, a PE ratio of 15.99 and a beta of 1.33. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.22 and a current ratio of 0.22. The company’s fifty day moving average is $24.45 and its 200-day moving average is $23.66. Saratoga Investment has a 52 week low of $21.56 and a 52 week high of $26.49.

Saratoga Investment Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. LADENBURG THALM/SH SH cut shares of Saratoga Investment from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th. Oppenheimer increased their price objective on Saratoga Investment from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Thursday, October 10th. B. Riley restated a “neutral” rating and set a $25.00 price target on shares of Saratoga Investment in a research note on Thursday, October 10th. Finally, Compass Point increased their target price on shares of Saratoga Investment from $24.75 to $26.25 and gave the stock a “buy” rating in a research report on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.