Saratoga Investment (NYSE:SAR) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Saratoga Investment Corp (NYSE:SAR)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.80 and traded as high as $22.92. Saratoga Investment shares last traded at $22.8010, with a volume of 145,668 shares.

Analyst Ratings Changes

Several research firms recently issued reports on SAR. Wall Street Zen downgraded shares of Saratoga Investment from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saratoga Investment in a research report on Friday, March 27th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.63.

Saratoga Investment Trading Up 0.4%

The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average is $22.33 and its two-hundred day moving average is $22.80. The firm has a market cap of $370.97 million, a P/E ratio of 9.79 and a beta of 0.54.

Saratoga Investment (NYSE:SAR) last posted its earnings results on Tuesday, May 5th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. Saratoga Investment had a net margin of 29.12% and a return on equity of 9.29%. The firm had revenue of $6.85 million during the quarter, compared to analyst estimates of $30.85 million. As a group, analysts expect that Saratoga Investment Corp will post 2.15 earnings per share for the current fiscal year.

Saratoga Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 4th will be given a $0.25 dividend. The ex-dividend date is Thursday, June 4th. This represents a c) annualized dividend and a yield of 13.2%. Saratoga Investment’s dividend payout ratio is 128.76%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SAR. BNP Paribas Financial Markets bought a new position in Saratoga Investment in the 3rd quarter worth about $25,000. Quantbot Technologies LP bought a new position in Saratoga Investment in the 3rd quarter worth about $36,000. Advisory Services Network LLC bought a new position in Saratoga Investment in the 3rd quarter worth about $45,000. Kestra Advisory Services LLC bought a new position in Saratoga Investment in the 4th quarter worth about $46,000. Finally, Daytona Street Capital LLC bought a new position in Saratoga Investment in the 4th quarter worth about $51,000. Institutional investors own 19.09% of the company’s stock.

About Saratoga Investment

Saratoga Investment Corp. is a closed-end, externally managed investment company that seeks to generate current income and total return through a diversified portfolio of private U.S. companies. Trading on the New York Stock Exchange under the ticker SAR, the firm primarily targets middle-market businesses across a broad range of industries, including industrials, healthcare, consumer products, financial services and technology. Its investment approach combines debt and equity instruments, providing flexible capital solutions such as first-lien and second-lien secured loans, mezzanine debt, preferred equity and common equity positions.

As an actively managed vehicle, Saratoga Investment works closely with portfolio companies’ management teams to support growth initiatives, operational improvements, and strategic transactions.