Saratoga Investment (NYSE:SAR) Lowered to “Hold” at StockNews.com

Saratoga Investment (NYSE:SAR – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Several other equities analysts have also commented on SAR. LADENBURG THALM/SH SH reduced their price target on Saratoga Investment from $28.00 to $27.00 in a research report on Thursday, May 4th. Janney Montgomery Scott initiated coverage on Saratoga Investment in a report on Monday, April 24th. They set a “buy” rating and a $27.00 price objective on the stock.

Saratoga Investment Stock Performance

NYSE SAR opened at $26.92 on Tuesday. The business’s 50-day simple moving average is $24.44 and its 200-day simple moving average is $25.63. The firm has a market capitalization of $319.27 million, a P/E ratio of 12.88 and a beta of 1.37. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.15 and a quick ratio of 0.15. Saratoga Investment has a 1-year low of $20.16 and a 1-year high of $28.00.

Insider Activity

In other news, CEO Christian L. Oberbeck purchased 2,000 shares of the stock in a transaction dated Thursday, May 4th. The stock was acquired at an average cost of $23.81 per share, for a total transaction of $47,620.00. Following the acquisition, the chief executive officer now owns 689,775 shares of the company’s stock, valued at $16,423,542.75. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 14.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Putnam Investments LLC lifted its holdings in shares of Saratoga Investment by 243.6% in the first quarter. Putnam Investments LLC now owns 27,509 shares of the financial services provider’s stock valued at $695,000 after buying an additional 19,504 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Saratoga Investment in the first quarter valued at $127,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Saratoga Investment by 50.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 7,203 shares of the financial services provider’s stock valued at $182,000 after buying an additional 2,400 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of Saratoga Investment by 63.2% in the first quarter. Two Sigma Advisers LP now owns 63,800 shares of the financial services provider’s stock valued at $1,613,000 after buying an additional 24,700 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in shares of Saratoga Investment in the first quarter valued at $630,000. Institutional investors and hedge funds own 19.45% of the company’s stock.

Saratoga Investment Company Profile

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Saratoga Investment Corp. (NYSE: SAR) is a publicly traded business development company (BDC) that provides customized financing solutions for middle market companies located in the United States. Saratoga’s senior investment professionals have over 200 years of combined experience investing in more than $4 billion in middle market businesses.