Saratoga Investment (NYSE:SAR) Downgraded to Sell at StockNews.com

StockNews.com downgraded shares of Saratoga Investment (NYSE:SAR) from a hold rating to a sell rating in a research report released on Tuesday morning.

Several other analysts also recently weighed in on SAR. B. Riley downgraded shares of Saratoga Investment from a buy rating to a neutral rating and set a $28.00 price target for the company. in a research note on Monday, January 8th. Compass Point lowered Saratoga Investment from a buy rating to a neutral rating and set a $24.75 target price for the company. in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $26.58.

Saratoga Investment Stock Down 1.1 %

Shares of SAR opened at $23.46 on Tuesday. Saratoga Investment has a 1 year low of $22.35 and a 1 year high of $28.87. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a 50 day simple moving average of $23.19 and a two-hundred day simple moving average of $24.09. The firm has a market cap of $320.23 million, a P/E ratio of 12.09 and a beta of 1.28.

Saratoga Investment Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were paid a dividend of $0.73 per share. This is a positive change from Saratoga Investment’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 12.45%. Saratoga Investment’s payout ratio is presently 150.52%.

Institutional Trading of Saratoga Investment

Large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its stake in Saratoga Investment by 56.8% during the third quarter. Commonwealth Equity Services LLC now owns 19,040 shares of the financial services provider’s stock worth $489,000 after acquiring an additional 6,895 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Saratoga Investment by 2.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 82,974 shares of the financial services provider’s stock worth $2,132,000 after buying an additional 2,192 shares during the last quarter. Private Advisor Group LLC increased its position in Saratoga Investment by 38.7% during the 3rd quarter. Private Advisor Group LLC now owns 82,324 shares of the financial services provider’s stock valued at $2,116,000 after buying an additional 22,950 shares in the last quarter. Jump Financial LLC raised its stake in Saratoga Investment by 23.5% during the third quarter. Jump Financial LLC now owns 12,601 shares of the financial services provider’s stock valued at $324,000 after buying an additional 2,401 shares during the last quarter. Finally, Barclays PLC bought a new stake in Saratoga Investment in the third quarter worth $37,000. 19.09% of the stock is owned by institutional investors.

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.