Saratoga Investment Corp Declares Sep 25 Dividend of $0.25 (NYSE:SAR)

Saratoga Investment Corp (NYSE:SAR) declared a sep 25 dividend on Thursday, September 11th, RTT News reports. Shareholders of record on Tuesday, October 7th will be given a dividend of 0.25 per share by the financial services provider on Thursday, October 23rd. This represents a yield of 1,221.0%. The ex-dividend date of this dividend is Tuesday, October 7th.

Saratoga Investment Stock Performance

SAR stock opened at $24.46 on Friday. Saratoga Investment has a 1-year low of $21.10 and a 1-year high of $26.49. The business’s 50-day moving average price is $24.87 and its two-hundred day moving average price is $24.53. The firm has a market cap of $390.15 million, a PE ratio of 9.90 and a beta of 0.66. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.18.

Saratoga Investment (NYSE:SAR) last announced its quarterly earnings results on Tuesday, July 8th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.03). The business had revenue of $35.22 million during the quarter, compared to the consensus estimate of $32.75 million. Saratoga Investment had a return on equity of 12.71% and a net margin of 24.85%. As a group, research analysts forecast that Saratoga Investment will post 3.93 earnings per share for the current year.

Wall Street Analyst Weigh In

SAR has been the topic of a number of research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Saratoga Investment in a report on Saturday, September 27th. Compass Point lowered Saratoga Investment from a “buy” rating to a “neutral” rating and cut their price target for the company from $25.25 to $24.25 in a report on Monday, June 9th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.25.

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.