Saratoga Investment (NYSE:SAR) Issues Earnings Results

Saratoga Investment (NYSE:SAR) released its quarterly earnings results on Tuesday. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.07), FiscalAI reports. The firm had revenue of ($12.15) million during the quarter, compared to analyst estimates of $31.38 million. Saratoga Investment had a net margin of 29.12% and a return on equity of 9.29%.

Saratoga Investment Stock Performance

NYSE SAR opened at $20.98 on Wednesday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average price is $22.30 and its two-hundred day moving average price is $22.71. Saratoga Investment has a 1 year low of $20.78 and a 1 year high of $25.64. The firm has a market capitalization of $341.43 million, a P/E ratio of 9.01 and a beta of 0.54.

Saratoga Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Thursday, September 3rd will be issued a dividend of $0.25 per share. This represents a c) dividend on an annualized basis and a yield of 14.3%. The ex-dividend date is Thursday, September 3rd. Saratoga Investment’s payout ratio is presently 128.76%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SAR. Brevan Howard Capital Management LP acquired a new stake in Saratoga Investment in the 3rd quarter worth about $431,000. Jane Street Group LLC bought a new position in shares of Saratoga Investment during the second quarter worth approximately $355,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Saratoga Investment in the fourth quarter valued at approximately $305,000. Aquatic Capital Management LLC boosted its stake in shares of Saratoga Investment by 4,814.7% in the third quarter. Aquatic Capital Management LLC now owns 12,729 shares of the financial services provider’s stock valued at $310,000 after buying an additional 12,470 shares during the period. Finally, Osaic Holdings Inc. grew its position in Saratoga Investment by 178.2% during the fourth quarter. Osaic Holdings Inc. now owns 18,403 shares of the financial services provider’s stock worth $425,000 after buying an additional 11,787 shares in the last quarter. 19.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SAR shares. Wall Street Zen downgraded Saratoga Investment from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Saratoga Investment in a research report on Wednesday, June 24th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $23.00.

About Saratoga Investment

Saratoga Investment Corp. is a closed-end, externally managed investment company that seeks to generate current income and total return through a diversified portfolio of private U.S. companies. Trading on the New York Stock Exchange under the ticker SAR, the firm primarily targets middle-market businesses across a broad range of industries, including industrials, healthcare, consumer products, financial services and technology. Its investment approach combines debt and equity instruments, providing flexible capital solutions such as first-lien and second-lien secured loans, mezzanine debt, preferred equity and common equity positions.

As an actively managed vehicle, Saratoga Investment works closely with portfolio companies’ management teams to support growth initiatives, operational improvements, and strategic transactions.