Shares of Saratoga Investment Corp (NYSE:SAR) have earned an average recommendation of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $24.33.

SAR has been the subject of a number of research reports. Zacks Investment Research downgraded Saratoga Investment Corp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. National Securities initiated coverage on Saratoga Investment Corp in a report on Tuesday, August 29th. They set a “neutral” rating and a $23.00 target price for the company. Maxim Group initiated coverage on Saratoga Investment Corp in a report on Thursday, September 7th. They set a “buy” rating and a $23.00 target price for the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Saratoga Investment Corp in a report on Thursday, September 7th. Finally, Janney Montgomery Scott initiated coverage on Saratoga Investment Corp in a report on Friday, October 6th. They set a “neutral” rating for the company.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc increased its position in shares of Saratoga Investment Corp by 2.2% in the first quarter. Legal & General Group Plc now owns 12,749 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 277 shares during the period. JPMorgan Chase & Co. increased its position in shares of Saratoga Investment Corp by 925.6% in the first quarter. JPMorgan Chase & Co. now owns 10,256 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 9,256 shares during the period. UBS Group AG increased its position in shares of Saratoga Investment Corp by 18.5% in the first quarter. UBS Group AG now owns 6,896 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 1,078 shares during the period. GSA Capital Partners LLP bought a new position in shares of Saratoga Investment Corp in the second quarter worth $215,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Saratoga Investment Corp in the second quarter worth $223,000. Institutional investors own 16.91% of the company’s stock.

Shares of Saratoga Investment Corp (SAR) opened at 22.40 on Tuesday. Saratoga Investment Corp has a one year low of $17.17 and a one year high of $23.78. The firm has a 50-day moving average of $21.67 and a 200 day moving average of $21.47. The company has a market cap of $134.47 million, a price-to-earnings ratio of 12.18 and a beta of 0.48.

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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.

Analyst Recommendations for Saratoga Investment Corp (NYSE:SAR)

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