Saratoga Investment Corp. (sar) Declares Quarterly Dividend of $0.44
Saratoga Investment Corp. (NYSE:sar) declared a quarterly dividend on Wednesday, October 12th. Shareholders of record on Monday, October 31st will be paid a dividend of 0.44 per share on Wednesday, November 9th. This represents a $1.76 dividend on an annualized basis and a yield of 9.55%. The ex-dividend date of this dividend is Thursday, October 27th. This is an increase from Saratoga Investment Corp.’s previous quarterly dividend of $0.43.
Shares of Saratoga Investment Corp. (NYSE:SAR) opened at 18.365 on Thursday. The firm has a 50 day moving average price of $18.03 and a 200-day moving average price of $17.08. The firm has a market cap of $105.43 million, a PE ratio of 13.777 and a beta of 0.39. Saratoga Investment Corp. has a 12 month low of $13.41 and a 12 month high of $18.75.
Saratoga Investment Corp. (NYSE:SAR) last posted its quarterly earnings results on Thursday, October 13th. The company reported $0.45 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.45. Saratoga Investment Corp. had a return on equity of 9.23% and a net margin of 24.83%. On average, analysts predict that Saratoga Investment Corp. will post $1.91 EPS for the current fiscal year.
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A number of research analysts have recently weighed in on SAR shares. Zacks Investment Research downgraded Saratoga Investment Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Compass Point started coverage on Saratoga Investment Corp. in a research note on Tuesday, July 26th. They issued a “neutral” rating and a $18.00 price target on the stock.
An institutional investor recently raised its position in Saratoga Investment Corp. stock. Ameriprise Financial Inc. raised its stake in Saratoga Investment Corp. (NYSE:SAR) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,129 shares of the company’s stock after buying an additional 265 shares during the period. Ameriprise Financial Inc. owned 0.32% of Saratoga Investment Corp. worth $306,000 at the end of the most recent quarter. 20.45% of the stock is currently owned by institutional investors and hedge funds.
Saratoga Investment Corp. Company Profile
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.
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