BI Asset Management Fondsmaeglerselskab A S Reduces Stock Holdings in Saratoga Investment Corp $SAR

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in shares of Saratoga Investment Corp (NYSE:SAR) by 46.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,027 shares of the financial services provider’s stock after selling 23,205 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Saratoga Investment were worth $624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAR. Brevan Howard Capital Management LP purchased a new position in Saratoga Investment during the 3rd quarter worth $431,000. Jane Street Group LLC purchased a new position in Saratoga Investment during the 2nd quarter worth $355,000. Aquatic Capital Management LLC grew its stake in Saratoga Investment by 4,814.7% during the 3rd quarter. Aquatic Capital Management LLC now owns 12,729 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 12,470 shares during the last quarter. Lido Advisors LLC grew its stake in Saratoga Investment by 6.2% during the 3rd quarter. Lido Advisors LLC now owns 197,873 shares of the financial services provider’s stock valued at $4,826,000 after purchasing an additional 11,620 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Saratoga Investment by 9.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 115,641 shares of the financial services provider’s stock valued at $2,820,000 after purchasing an additional 10,356 shares during the last quarter. 19.09% of the stock is currently owned by hedge funds and other institutional investors.

Saratoga Investment Stock Up 0.2%

Saratoga Investment stock opened at $22.38 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.04 and a current ratio of 0.04. The business’s 50-day simple moving average is $22.43 and its two-hundred day simple moving average is $22.82. The company has a market cap of $364.11 million, a PE ratio of 9.61 and a beta of 0.54. Saratoga Investment Corp has a fifty-two week low of $20.78 and a fifty-two week high of $25.64.

Saratoga Investment (NYSE:SAR) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. Saratoga Investment had a return on equity of 9.29% and a net margin of 29.12%.The firm had revenue of $6.85 million for the quarter, compared to the consensus estimate of $30.85 million. Equities analysts anticipate that Saratoga Investment Corp will post 2.15 EPS for the current year.

Saratoga Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 4th will be paid a $0.25 dividend. The ex-dividend date is Thursday, June 4th. This represents a c) dividend on an annualized basis and a dividend yield of 13.4%. Saratoga Investment’s dividend payout ratio is presently 128.76%.

Analyst Upgrades and Downgrades

SAR has been the topic of several research analyst reports. Wall Street Zen downgraded Saratoga Investment from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Saratoga Investment in a research note on Friday, March 27th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $23.00.

Saratoga Investment Company Profile

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.