Saratoga Investment Corp (SAR) Releases Earnings Results
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%.
COPYRIGHT VIOLATION WARNING: This story was first reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/10/11/saratoga-investment-corp-sar-releases-earnings-results.html.
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.
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.