Saratoga Investment Corp. (NYSE:SAR) Receives $26.75 Consensus PT from Brokerages

Shares of Saratoga Investment Corp. (NYSE:SAR) have been assigned an average recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $26.75.

A number of equities analysts have recently weighed in on the stock. B. Riley cut shares of Saratoga Investment from a “buy” rating to a “neutral” rating and set a $28.00 price target on the stock. in a research report on Monday, January 8th. StockNews.com raised shares of Saratoga Investment from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Finally, Compass Point cut shares of Saratoga Investment from a “buy” rating to a “neutral” rating and set a $24.75 price target on the stock. in a research report on Wednesday, January 10th.

Institutional Investors Weigh In On Saratoga Investment

Several institutional investors have recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. acquired a new stake in Saratoga Investment in the 3rd quarter valued at $36,000. Barclays PLC acquired a new stake in Saratoga Investment in the 3rd quarter valued at $37,000. Quantbot Technologies LP increased its stake in Saratoga Investment by 170.6% in the 3rd quarter. Quantbot Technologies LP now owns 6,565 shares of the financial services provider’s stock valued at $169,000 after buying an additional 4,139 shares during the last quarter. Larson Financial Group LLC increased its stake in Saratoga Investment by 5.6% in the 4th quarter. Larson Financial Group LLC now owns 9,664 shares of the financial services provider’s stock valued at $250,000 after buying an additional 512 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in Saratoga Investment by 17.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 10,561 shares of the financial services provider’s stock valued at $273,000 after buying an additional 1,604 shares during the last quarter. 19.09% of the stock is owned by institutional investors.

Saratoga Investment Trading Up 0.7 %

Shares of NYSE SAR opened at $23.15 on Friday. The company’s fifty day moving average is $23.17 and its 200-day moving average is $24.11. The stock has a market cap of $316.00 million, a price-to-earnings ratio of 11.94 and a beta of 1.32. Saratoga Investment has a twelve month low of $22.35 and a twelve month high of $28.87. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.10.

Saratoga Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were given a $0.73 dividend. This is a boost from Saratoga Investment’s previous quarterly dividend of $0.72. This represents a $2.92 annualized dividend and a yield of 12.61%. The ex-dividend date of this dividend was Tuesday, March 12th. Saratoga Investment’s payout ratio is currently 150.52%.

Saratoga Investment Company Profile

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.