Saratoga Investment Corp (SAR) Receives Average Recommendation of “Buy” from Brokerages

Saratoga Investment Corp (NYSE:SAR) has earned a consensus recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $24.00.

A number of research analysts recently weighed in on SAR shares. Compass Point raised Saratoga Investment from a “neutral” rating to a “buy” rating in a research report on Friday, October 13th. Maxim Group raised their price objective on Saratoga Investment to $24.00 and gave the company a “buy” rating in a research report on Tuesday, October 17th. They noted that the move was a valuation call. Zacks Investment Research lowered Saratoga Investment from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. National Securities reaffirmed a “neutral” rating and set a $23.00 price objective on shares of Saratoga Investment in a research report on Monday, October 16th. Finally, Janney Montgomery Scott started coverage on Saratoga Investment in a research report on Friday, October 6th. They set a “neutral” rating for the company.

Saratoga Investment (SAR) opened at $22.43 on Friday. Saratoga Investment has a 52-week low of $19.90 and a 52-week high of $23.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.11 and a current ratio of 0.06. The firm has a market capitalization of $134.67, a P/E ratio of 12.32 and a beta of 0.47.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Friday, December 15th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 8.74%. The ex-dividend date was Thursday, December 14th. This is a positive change from Saratoga Investment’s previous quarterly dividend of $0.48. Saratoga Investment’s dividend payout ratio (DPR) is 107.69%.

Hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. bought a new position in Saratoga Investment during the 3rd quarter valued at approximately $174,000. Wells Fargo & Company MN increased its holdings in shares of Saratoga Investment by 93.1% in the 3rd quarter. Wells Fargo & Company MN now owns 8,598 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 4,145 shares in the last quarter. Northern Trust Corp bought a new stake in shares of Saratoga Investment in the 2nd quarter worth $213,000. GSA Capital Partners LLP bought a new stake in shares of Saratoga Investment in the 2nd quarter worth $215,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Saratoga Investment in the 2nd quarter worth $223,000. 17.36% of the stock is owned by institutional investors.

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About Saratoga Investment

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 (NYSE:SAR)

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