Saratoga Investment Corp (NYSE:SAR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Friday. The firm currently has a $26.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price objective points to a potential upside of 15.92% from the stock’s current price.

According to Zacks, “Saratoga Investment Corporation, formerly known as GSC Investment Corp., is a specialty finance company that invests primarily in leveraged loans and mezzanine debt issued by U.S. middle-market companies, both through direct lending and through participation in loan syndicates. The Company has been elected to be treated as a business development company. “

Other analysts also recently issued reports about the stock. National Securities reissued a “neutral” rating and issued a $23.00 price target on shares of Saratoga Investment Corp in a report on Monday, October 16th. Compass Point raised shares of Saratoga Investment Corp from a “neutral” rating to a “buy” rating in a report on Friday, October 13th. Janney Montgomery Scott began coverage on shares of Saratoga Investment Corp in a report on Friday, October 6th. They issued a “neutral” rating for the company. Maxim Group began coverage on shares of Saratoga Investment Corp in a report on Thursday, September 7th. They issued a “buy” rating and a $23.00 price target for the company. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Saratoga Investment Corp in a report on Thursday, September 7th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $24.33.

Saratoga Investment Corp (NYSE:SAR) traded up 0.40% during midday trading on Friday, hitting $22.43. 19,948 shares of the stock traded hands. The company has a 50-day moving average of $21.52 and a 200-day moving average of $21.41. The stock has a market cap of $134.65 million, a PE ratio of 12.20 and a beta of 0.48. Saratoga Investment Corp has a 1-year low of $17.17 and a 1-year high of $23.78.

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Several hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Saratoga Investment Corp in the 2nd quarter valued at $223,000. Northern Trust Corp acquired a new position in shares of Saratoga Investment Corp in the 2nd quarter valued at $213,000. GSA Capital Partners LLP acquired a new position in shares of Saratoga Investment Corp in the 2nd quarter valued at $215,000. Legal & General Group Plc raised its stake in shares of 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 buying an additional 2,349 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of 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 buying an additional 1,078 shares in the last quarter. Institutional investors own 17.04% of the company’s stock.

About Saratoga Investment Corp

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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Analyst Recommendations for Saratoga Investment Corp (NYSE:SAR)

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