Saratoga Investment Corp (NYSE:SAR) issued its earnings results on Wednesday. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02), reports. Saratoga Investment Corp had a return on equity of 8.03% and a net margin of 26.84%.

Shares of Saratoga Investment Corp (SAR) traded up 1.6756% during mid-day trading on Wednesday, hitting $21.1892. The company had a trading volume of 11,874 shares. The firm has a 50-day moving average of $21.27 and a 200-day moving average of $21.40. The company has a market cap of $126.44 million, a PE ratio of 13.4194 and a beta of 0.48. Saratoga Investment Corp has a 12 month low of $17.17 and a 12 month high of $23.78.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 26th. Investors of record on Friday, September 15th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.06%. This is an increase from Saratoga Investment Corp’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Thursday, September 14th. Saratoga Investment Corp’s dividend payout ratio (DPR) is presently 121.52%.

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An institutional investor recently bought a new position in Saratoga Investment Corp stock. Northern Trust Corp bought a new stake in Saratoga Investment Corp (NYSE:SAR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 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 at the end of the most recent quarter. 17.04% of the stock is owned by institutional investors.

A number of analysts have issued reports on the company. Janney Montgomery Scott assumed coverage on Saratoga Investment Corp in a research note on Friday, October 6th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded Saratoga Investment Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Saratoga Investment Corp in a research note on Thursday, September 7th. Maxim Group assumed coverage on Saratoga Investment Corp in a research note on Thursday, September 7th. They issued a “buy” rating and a $23.00 target price for the company. Finally, National Securities assumed coverage on Saratoga Investment Corp in a research note on Tuesday, August 29th. They issued a “neutral” rating and a $23.00 target price for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $23.33.

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.

Earnings History for Saratoga Investment Corp (NYSE:SAR)

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