Saratoga Investment Corp (SAR) Given Consensus Recommendation of “Buy” by Brokerages

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

Several equities analysts have recently weighed in on SAR shares. ValuEngine raised Saratoga Investment from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Maxim Group lifted their price objective on Saratoga Investment to $24.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. They noted that the move was a valuation call. Compass Point raised Saratoga Investment from a “neutral” rating to a “buy” rating in a research note on Friday, October 13th. National Securities reaffirmed a “neutral” rating and issued a $23.00 price objective on shares of Saratoga Investment in a research note on Monday, October 16th. Finally, Zacks Investment Research lowered Saratoga Investment from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 20th.

Saratoga Investment (SAR) opened at $20.45 on Thursday. The firm has a market capitalization of $127.96, a PE ratio of 9.09 and a beta of 0.26. Saratoga Investment has a 52 week low of $19.62 and a 52 week high of $23.78. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.01.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings data on Wednesday, January 10th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The firm had revenue of $9.53 million during the quarter, compared to analyst estimates of $9.52 million. Saratoga Investment had a net margin of 36.37% and a return on equity of 8.76%. sell-side analysts anticipate that Saratoga Investment will post 2.56 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in SAR. GSA Capital Partners LLP acquired a new position in Saratoga Investment during the 2nd quarter worth approximately $215,000. Northern Trust Corp acquired a new position in Saratoga Investment during the 2nd quarter worth approximately $213,000. Dynamic Technology Lab Private Ltd acquired a new position in Saratoga Investment during the 2nd quarter worth approximately $223,000. Macquarie Group Ltd. acquired a new position in Saratoga Investment during the 3rd quarter worth approximately $174,000. Finally, Wells Fargo & Company MN lifted its position in Saratoga Investment by 93.1% during the 3rd quarter. Wells Fargo & Company MN now owns 8,598 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 4,145 shares in the last quarter. 16.67% of the stock is currently owned by hedge funds and other 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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