Shares of Saratoga Investment Corp. (NYSE:SAR) reached a new 52-week high on Wednesday . The stock traded as high as $18.75 and last traded at $18.26, with a volume of 11,915 shares changing hands. The stock had previously closed at $18.60.

Several analysts have recently weighed in on the stock. Compass Point assumed coverage on shares of Saratoga Investment Corp. in a research report on Tuesday, July 26th. They set a “neutral” rating and a $18.00 price objective on the stock. Zacks Investment Research cut shares of Saratoga Investment Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 26th.

The firm has a market cap of $103.86 million, a P/E ratio of 13.5710 and a beta of 0.38. The company’s 50-day moving average is $17.87 and its 200-day moving average is $16.76.

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Saratoga Investment Corp. (NYSE:SAR) last posted its quarterly earnings results on Wednesday, July 13th. The company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.05. Saratoga Investment Corp. had a return on equity of 9.23% and a net margin of 24.83%. On average, equities research analysts forecast that Saratoga Investment Corp. will post $1.91 earnings per share for the current year.

The business also recently declared a special dividend, which was paid on Monday, September 5th. Stockholders of record on Wednesday, August 24th were issued a $0.20 dividend. This represents a dividend yield of 9.84%. The ex-dividend date of this dividend was Monday, August 22nd. Saratoga Investment Corp.’s payout ratio is presently 129.32%.

In related news, CEO Christian L. Oberbeck purchased 1,586 shares of the business’s stock in a transaction dated Wednesday, July 6th. The shares were purchased at an average cost of $17.08 per share, for a total transaction of $27,088.88. Following the completion of the acquisition, the chief executive officer now owns 511,006 shares in the company, valued at approximately $8,727,982.48. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 31.80% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of SAR. Legal & General Group Plc boosted its position in Saratoga Investment Corp. by 2.7% in the second quarter. Legal & General Group Plc now owns 11,712 shares of the company’s stock worth $197,000 after buying an additional 303 shares during the last quarter. Relative Value Partners Group LLC boosted its position in shares of Saratoga Investment Corp. by 8.7% in the second quarter. Relative Value Partners Group LLC now owns 86,816 shares of the company’s stock valued at $1,432,000 after buying an additional 6,949 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Saratoga Investment Corp. by 1.5% in the second quarter. Ameriprise Financial Inc. now owns 18,129 shares of the company’s stock valued at $306,000 after buying an additional 265 shares during the last quarter. Black Diamond Capital Management L.L.C. boosted its position in shares of Saratoga Investment Corp. by 0.4% in the second quarter. Black Diamond Capital Management L.L.C. now owns 604,510 shares of the company’s stock valued at $10,204,000 after buying an additional 2,307 shares during the last quarter. Finally, Mendon Capital Advisors Corp boosted its position in shares of Saratoga Investment Corp. by 2.7% in the second quarter. Mendon Capital Advisors Corp now owns 55,753 shares of the company’s stock valued at $942,000 after buying an additional 1,443 shares during the last quarter. Hedge funds and other institutional investors own 20.45% of the company’s stock.

About Saratoga Investment Corp.

Saratoga Investment Corp. is a specialty finance company. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in leveraged loans and mezzanine debt issued by private middle-market companies in the United States. Its investment objective is to generate current income and, to a lesser extent, capital appreciation from its investments.

5 Day Chart for NYSE:SAR

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