Saratoga Investment Corp (sar) Plans Quarterly Dividend of $0.47
Saratoga Investment Corp (NYSE:sar) declared a quarterly dividend on Tuesday, May 30th. Shareholders of record on Thursday, June 15th will be given a dividend of 0.47 per share by the financial services provider on Tuesday, June 27th. This represents a $1.88 dividend on an annualized basis and a yield of 8.51%. The ex-dividend date of this dividend is Tuesday, June 13th. This is a positive change from Saratoga Investment Corp’s previous quarterly dividend of $0.46.
Saratoga Investment Corp (SAR) traded up 0.294% during trading on Wednesday, reaching $22.145. The company’s stock had a trading volume of 8,126 shares. Saratoga Investment Corp has a 12 month low of $16.30 and a 12 month high of $23.78. The company’s 50-day moving average is $21.74 and its 200-day moving average is $21.28. The stock has a market cap of $130.30 million, a PE ratio of 11.162 and a beta of 0.45.
Saratoga Investment Corp (NYSE:SAR) last announced its quarterly earnings data on Thursday, May 18th. The financial services provider reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.07. Saratoga Investment Corp had a net margin of 29.86% and a return on equity of 8.88%. The firm had revenue of $8.36 million during the quarter. Equities analysts expect that Saratoga Investment Corp will post $1.86 EPS for the current fiscal year.
A hedge fund recently raised its stake in Saratoga Investment Corp stock. UBS Group AG boosted its position in shares of Saratoga Investment Corp (NYSE:SAR) by 18.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 6,896 shares of the financial services provider’s stock after buying an additional 1,078 shares during the period. UBS Group AG owned 0.12% of Saratoga Investment Corp worth $150,000 as of its most recent SEC filing. 17.73% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on SAR shares. TheStreet cut Saratoga Investment Corp from a “b-” rating to a “c+” rating in a research note on Friday, April 7th. Zacks Investment Research cut Saratoga Investment Corp from a “buy” rating to a “hold” rating in a research note on Friday, March 3rd.
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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.
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