Saratoga Investment Corp. (SAR) To Go Ex-Dividend on June 5th

Saratoga Investment Corp. (NYSE:SAR) declared a monthly dividend on Wednesday, February 19th, Wall Street Journal reports. Stockholders of record on Thursday, June 5th will be paid a dividend of 0.25 per share by the financial services provider on Tuesday, June 24th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 11.71%. The ex-dividend date of this dividend is Thursday, June 5th. This is a boost from Saratoga Investment’s previous monthly dividend of $0.25.

Saratoga Investment Trading Down 0.5 %

Shares of SAR stock opened at $25.63 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.33 and a quick ratio of 0.33. The business has a 50-day moving average of $24.63 and a 200 day moving average of $24.09. The stock has a market capitalization of $367.79 million, a PE ratio of 10.33 and a beta of 1.34. Saratoga Investment has a 1-year low of $21.56 and a 1-year high of $26.49.

Saratoga Investment (NYSE:SAR) last issued its earnings results on Wednesday, January 8th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.82 by $0.08. Saratoga Investment had a net margin of 22.01% and a return on equity of 15.53%. As a group, sell-side analysts anticipate that Saratoga Investment will post 3.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SAR. StockNews.com upgraded shares of Saratoga Investment from a “hold” rating to a “buy” rating in a report on Sunday, January 26th. Compass Point dropped their price objective on Saratoga Investment from $26.25 to $25.25 and set a “buy” rating for the company in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $25.08.

About Saratoga Investment

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.