Saratoga Investment Corp (SAR) Given Average Rating of “Hold” by Brokerages
Saratoga Investment Corp (NYSE:SAR) has earned a consensus rating of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $23.00.
A number of brokerages have recently weighed in on SAR. Zacks Investment Research downgraded Saratoga Investment Corp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Saratoga Investment Corp in a report on Thursday, September 7th. Janney Montgomery Scott started coverage on Saratoga Investment Corp in a research report on Friday. They issued a “neutral” rating for the company. National Securities started coverage on Saratoga Investment Corp in a research report on Tuesday, August 29th. They issued a “neutral” rating and a $23.00 price objective for the company. Finally, Maxim Group started coverage on Saratoga Investment Corp in a research report on Thursday, September 7th. They issued a “buy” rating and a $23.00 price objective for the company.
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Saratoga Investment Corp (NYSE SAR) traded up 0.7954% during trading on Friday, reaching $21.7214. The company had a trading volume of 276 shares. Saratoga Investment Corp has a 12-month low of $17.17 and a 12-month high of $23.78. The stock has a 50 day moving average of $21.25 and a 200-day moving average of $21.45. The stock has a market capitalization of $129.61 million, a P/E ratio of 13.7564 and a beta of 0.48.
Saratoga Investment Corp (NYSE:SAR) last posted its quarterly earnings data on Wednesday, July 12th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.14. The business had revenue of $8.71 million during the quarter. Saratoga Investment Corp had a net margin of 26.84% and a return on equity of 8.03%. On average, analysts forecast that Saratoga Investment Corp will post $1.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 26th. Shareholders of record on Friday, September 15th were paid a $0.48 dividend. This is a boost from Saratoga Investment Corp’s previous quarterly dividend of $0.47. The ex-dividend date was Thursday, September 14th. This represents a $1.92 annualized dividend and a yield of 8.91%. Saratoga Investment Corp’s payout ratio is presently 121.52%.
Several hedge funds have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Saratoga Investment Corp during the 2nd quarter worth approximately $223,000. Northern Trust Corp bought a new stake in Saratoga Investment Corp in the 2nd quarter valued at $213,000. GSA Capital Partners LLP bought a new stake in Saratoga Investment Corp in the 2nd quarter valued at $215,000. Legal & General Group Plc boosted its stake in Saratoga Investment Corp by 18.4% in the 2nd quarter. Legal & General Group Plc now owns 15,098 shares of the financial services provider’s stock valued at $314,000 after purchasing an additional 2,349 shares during the period. Finally, UBS Group AG boosted its stake in Saratoga Investment Corp by 18.5% in the 1st quarter. UBS Group AG now owns 6,896 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 1,078 shares during the period. 17.04% 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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