Saratoga Investment (NYSE:SAR) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.79, Fidelity Earnings reports. Saratoga Investment had a return on equity of 10.48% and a net margin of 51.00%.
NYSE SAR opened at $25.13 on Thursday. The stock’s fifty day moving average is $25.13 and its two-hundred day moving average is $24.85. The firm has a market capitalization of $242.96 million, a P/E ratio of 9.56 and a beta of 0.65. Saratoga Investment has a fifty-two week low of $21.22 and a fifty-two week high of $26.39.
SAR has been the subject of several research reports. B. Riley set a $26.00 price target on Saratoga Investment and gave the stock a “buy” rating in a research report on Friday, October 11th. Maxim Group set a $27.00 price target on Saratoga Investment and gave the stock a “buy” rating in a research report on Thursday, October 10th. Aegis reiterated a “buy” rating on shares of Saratoga Investment in a research report on Thursday, December 12th. Compass Point upgraded Saratoga Investment from a “neutral” rating to a “buy” rating in a research report on Thursday. Finally, Zacks Investment Research raised Saratoga Investment from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Saratoga Investment presently has an average rating of “Buy” and a consensus price target of $26.17.
In related news, insider (Tony) Kiernan Anthony acquired 20,000 shares of the stock in a transaction on Monday, November 25th. The shares were bought at an average price of $3.07 per share, with a total value of $61,360.00. Insiders own 20.90% of the company’s stock.
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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