Shares of Saratoga Investment Corp (NYSE:SAR) have received an average recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $23.75.
A number of research firms have recently commented on SAR. LADENBURG THALM/SH SH cut shares of Saratoga Investment from a “buy” rating to a “neutral” rating in a research report on Monday, July 16th. Compass Point raised shares of Saratoga Investment from a “neutral” rating to a “buy” rating in a research report on Monday, July 16th. Zacks Investment Research cut shares of Saratoga Investment from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. National Securities reissued a “neutral” rating and set a $24.00 target price on shares of Saratoga Investment in a research report on Thursday, August 23rd. Finally, ValuEngine cut shares of Saratoga Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, October 31st.
SAR opened at $21.52 on Friday. Saratoga Investment has a 52-week low of $19.62 and a 52-week high of $28.30. The company has a market cap of $157.45 million, a price-to-earnings ratio of 9.48 and a beta of 0.26.
Saratoga Investment (NYSE:SAR) last posted its earnings results on Thursday, October 11th. The financial services provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.09). Saratoga Investment had a return on equity of 10.55% and a net margin of 40.39%. The firm had revenue of $11.40 million for the quarter, compared to analyst estimates of $10.18 million. As a group, sell-side analysts predict that Saratoga Investment will post 2.46 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ahrens Investment Partners LLC lifted its position in shares of Saratoga Investment by 31.3% during the third quarter. Ahrens Investment Partners LLC now owns 10,900 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 2,600 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Saratoga Investment by 61.2% in the third quarter. Wells Fargo & Company MN now owns 31,403 shares of the financial services provider’s stock valued at $724,000 after acquiring an additional 11,922 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in Saratoga Investment by 110.3% in the third quarter. Valeo Financial Advisors LLC now owns 5,720 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 3,000 shares in the last quarter. Weber Alan W acquired a new stake in Saratoga Investment in the second quarter valued at $479,000. Finally, Mckinley Capital Management LLC Delaware raised its holdings in Saratoga Investment by 9.8% in the second quarter. Mckinley Capital Management LLC Delaware now owns 34,711 shares of the financial services provider’s stock valued at $961,000 after acquiring an additional 3,086 shares in the last quarter. 14.32% of the stock is currently owned by institutional investors and hedge funds.
About Saratoga Investment
Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. It structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity.
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