Saratoga Investment Corp (NYSE:SAR) Stock Has Consensus Target Price of $19.67

Saratoga Investment Corp (NYSE:SAR) has received an average rating of “Hold” from the five analysts that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating. The average 12 month target price among brokers that have covered the stock in the last year is $19.67.

Several equities research analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Saratoga Investment in a research report on Friday, October 2nd. Compass Point reaffirmed a “neutral” rating and issued a $18.00 price target on shares of Saratoga Investment in a research report on Thursday. Zacks Research raised shares of Saratoga Investment from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. B. Riley Financial cut their price target on Saratoga Investment from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, October 8th. Finally, Wall Street Zen upgraded Saratoga Investment from a “sell” rating to a “hold” rating in a research note on Saturday.

Saratoga Investment Stock Performance

SAR opened at $14.93 on Tuesday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average price is $17.78 and its two-hundred day moving average price is $20.27. Saratoga Investment has a 1-year low of $13.78 and a 1-year high of $24.07. The company has a market cap of $232.23 million, a price-to-earnings ratio of -59.70 and a beta of 0.57.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings data on Tuesday, October 6th. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The business had revenue of $31.17 million during the quarter, compared to the consensus estimate of $31.46 million. Saratoga Investment had a negative net margin of 3.35% and a positive return on equity of 8.66%. On average, analysts expect that Saratoga Investment will post 1.92 EPS for the current fiscal year.

Saratoga Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Thursday, December 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, December 3rd. This represents a $3.00 annualized dividend and a dividend yield of 20.1%. Saratoga Investment’s payout ratio is currently -1,200.00%.

Hedge Funds Weigh In On Saratoga Investment

A number of institutional investors have recently bought and sold shares of SAR. Triumph Capital Management boosted its position in Saratoga Investment by 66.2% during the 2nd quarter. Triumph Capital Management now owns 2,950 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 1,175 shares in the last quarter. Focus Financial Network Inc. grew its holdings in shares of Saratoga Investment by 19.1% during the 2nd quarter. Focus Financial Network Inc. now owns 25,218 shares of the financial services provider’s stock worth $563,000 after acquiring an additional 4,042 shares during the period. Western Wealth Management LLC bought a new position in shares of Saratoga Investment in the 1st quarter worth approximately $70,000. Bank of America Corp DE raised its position in shares of Saratoga Investment by 2,243.4% in the 1st quarter. Bank of America Corp DE now owns 25,027 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 23,959 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Saratoga Investment by 3.2% in the 1st quarter. Royal Bank of Canada now owns 17,950 shares of the financial services provider’s stock worth $393,000 after acquiring an additional 557 shares in the last quarter. 19.09% of the stock is owned by institutional investors.

Saratoga Investment Company Profile

Saratoga Investment Corporation (NYSE:SAR) is a business development company that provides financing to lower middle-market companies in the United States. The company seeks to support businesses that may have limited access to traditional bank financing, working with private equity sponsors, management teams and other financial partners.

Through its investment portfolio, Saratoga Investment typically provides senior secured and subordinated debt, including first-lien, unitranche and second-lien loans, as well as mezzanine financing and equity investments.