Stock analysts at Janney Montgomery Scott assumed coverage on shares of Saratoga Investment Corp (NYSE:SAR) in a research note issued on Friday, The Fly reports. The brokerage set a “neutral” rating on the financial services provider’s stock.

A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Saratoga Investment Corp from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Royal Bank Of Canada restated an “outperform” rating on shares of Saratoga Investment Corp in a report on Thursday, September 7th. Maxim Group began coverage on Saratoga Investment Corp in a report on Thursday, September 7th. They issued a “buy” rating and a $23.00 price target on the stock. Finally, National Securities began coverage on Saratoga Investment Corp in a report on Tuesday, August 29th. They issued a “neutral” rating and a $23.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Saratoga Investment Corp has a consensus rating of “Hold” and a consensus price target of $23.33.

Shares of Saratoga Investment Corp (NYSE:SAR) opened at 21.55 on Friday. Saratoga Investment Corp has a 52 week low of $17.17 and a 52 week high of $23.78. The firm has a market capitalization of $128.59 million, a price-to-earnings ratio of 13.65 and a beta of 0.48. The stock has a 50 day moving average price of $21.25 and a 200-day moving average price of $21.45.

Saratoga Investment Corp (NYSE:SAR) last released its quarterly earnings results on Wednesday, July 12th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.14. The business 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 anticipate that Saratoga Investment Corp will post $1.62 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Saratoga Investment Corp (SAR) Receives New Coverage from Analysts at Janney Montgomery Scott” was published by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/06/saratoga-investment-corp-sar-receives-new-coverage-from-analysts-at-janney-montgomery-scott.html.

Large investors have recently made changes to their positions in the business. Legal & General Group Plc grew its holdings in Saratoga Investment Corp by 2.2% during the 1st quarter. Legal & General Group Plc now owns 12,749 shares of the financial services provider’s stock valued at $277,000 after buying an additional 277 shares during the last quarter. UBS Group AG grew its holdings in Saratoga Investment Corp by 18.5% during the 1st quarter. UBS Group AG now owns 6,896 shares of the financial services provider’s stock valued at $150,000 after buying an additional 1,078 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Saratoga Investment Corp by 925.6% during the 1st quarter. JPMorgan Chase & Co. now owns 10,256 shares of the financial services provider’s stock valued at $222,000 after buying an additional 9,256 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in Saratoga Investment Corp during the 1st quarter valued at $213,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Saratoga Investment Corp during the 2nd quarter valued at $223,000. Hedge funds and other 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.

The Fly

Receive News & Ratings for Saratoga Investment Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saratoga Investment Corp and related companies with MarketBeat.com's FREE daily email newsletter.