Saratoga Investment Corp (SAR) Scheduled to Post Quarterly Earnings on Wednesday
Saratoga Investment Corp (NYSE:SAR) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 11th. Analysts expect the company to announce earnings of $0.50 per share for the quarter.
Saratoga Investment Corp (NYSE:SAR) last released its earnings results on Wednesday, July 12th. The financial services provider reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.14. The company had revenue of $8.71 million for the quarter. Saratoga Investment Corp had a return on equity of 8.03% and a net margin of 26.84%. On average, analysts expect Saratoga Investment Corp to post $1.62 EPS for the current fiscal year and $2.11 EPS for the next fiscal year.
Shares of Saratoga Investment Corp (NYSE SAR) opened at 21.70 on Wednesday. The stock has a market capitalization of $129.48 million, a price-to-earnings ratio of 13.74 and a beta of 0.48. The stock has a 50 day moving average of $21.20 and a 200-day moving average of $21.45. Saratoga Investment Corp has a 52-week low of $17.17 and a 52-week high of $23.78.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 26th. Shareholders of record on Friday, September 15th were issued a dividend of $0.48 per share. The ex-dividend date was Thursday, September 14th. This is a positive change from Saratoga Investment Corp’s previous quarterly dividend of $0.47. This represents a $1.92 annualized dividend and a yield of 8.85%. Saratoga Investment Corp’s payout ratio is currently 121.52%.
SAR has been the topic of several recent analyst reports. Zacks Investment Research cut Saratoga Investment Corp from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Maxim Group began coverage on Saratoga Investment Corp in a research note on Thursday, September 7th. They set a “buy” rating and a $23.00 target price for the company. Royal Bank Of Canada restated an “outperform” rating on shares of Saratoga Investment Corp in a report on Thursday, September 7th. Finally, National Securities initiated coverage on shares of Saratoga Investment Corp in a research note on Tuesday, August 29th. They issued a “neutral” rating and a $23.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $23.33.
A hedge fund recently bought a new stake in Saratoga Investment Corp stock. Northern Trust Corp purchased a new position in shares of Saratoga Investment Corp (NYSE:SAR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,213 shares of the financial services provider’s stock, valued at approximately $213,000. Northern Trust Corp owned about 0.17% of Saratoga Investment Corp as of its most recent SEC filing. 17.04% of the stock is currently owned by institutional investors.
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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