Royal Bank Of Canada Reaffirms “Outperform” Rating for Saratoga Investment Corp (SAR)
Saratoga Investment Corp (NYSE:SAR)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank Of Canada in a research report issued on Thursday.
Other equities research analysts also recently issued research reports about the company. Maxim Group assumed coverage on Saratoga Investment Corp in a research report on Thursday. They set a “buy” rating and a $23.00 price target for the company. Zacks Investment Research raised Saratoga Investment Corp from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a research report on Thursday, July 27th. Finally, National Securities assumed coverage on Saratoga Investment Corp in a research report on Tuesday, August 29th. They set a “neutral” rating and a $23.00 price target for the company. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $23.33.
Saratoga Investment Corp (NYSE:SAR) traded up 2.23% during trading on Thursday, reaching $21.56. The company had a trading volume of 13,467 shares. The firm’s 50 day moving average is $20.92 and its 200-day moving average is $21.68. The company has a market capitalization of $128.65 million, a P/E ratio of 13.65 and a beta of 0.51. Saratoga Investment Corp has a 12 month low of $17.17 and a 12 month high of $23.78.
Saratoga Investment Corp (NYSE:SAR) last posted its quarterly earnings results on Wednesday, July 12th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.14. Saratoga Investment Corp had a return on equity of 8.03% and a net margin of 26.84%. The firm had revenue of $8.71 million during the quarter. On average, equities analysts expect that Saratoga Investment Corp will post $1.60 earnings per share for the current year.
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Several institutional investors and hedge funds have recently modified their holdings of SAR. UBS Group AG lifted its stake in shares of Saratoga Investment Corp by 18.5% during the first quarter. UBS Group AG now owns 6,896 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 1,078 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Saratoga Investment Corp during the first quarter worth about $213,000. Northern Trust Corp acquired a new position in shares of Saratoga Investment Corp during the second quarter worth about $213,000. GSA Capital Partners LLP acquired a new position in shares of Saratoga Investment Corp during the second quarter worth about $215,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Saratoga Investment Corp by 925.6% during the first quarter. JPMorgan Chase & Co. now owns 10,256 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 9,256 shares in the last quarter. Institutional investors own 17.04% of the company’s stock.
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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