Saratoga Investment Corp (NYSE:SAR) has received a consensus broker rating score of 0.00 () from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Analysts have set a 1-year consensus price target of $20.00 for the company, according to Zacks. Zacks has also assigned Saratoga Investment Corp an industry rank of 165 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Saratoga Investment Corp from a “buy” rating to a “hold” rating in a research note on Friday, March 3rd.
Large investors have recently added to or reduced their stakes in the stock. Black Diamond Capital Management L.L.C. boosted its stake in Saratoga Investment Corp by 2.7% in the third quarter. Black Diamond Capital Management L.L.C. now owns 621,064 shares of the company’s stock valued at $11,074,000 after buying an additional 16,554 shares during the last quarter. Relative Value Partners Group LLC boosted its stake in Saratoga Investment Corp by 10.6% in the third quarter. Relative Value Partners Group LLC now owns 95,981 shares of the company’s stock valued at $1,713,000 after buying an additional 9,165 shares during the last quarter. Rivernorth Capital Management LLC bought a new stake in Saratoga Investment Corp during the third quarter valued at $532,000. Nuveen Fund Advisors LLC bought a new stake in Saratoga Investment Corp during the third quarter valued at $210,000. Finally, Weber Alan W bought a new stake in Saratoga Investment Corp during the third quarter valued at $933,000. Institutional investors and hedge funds own 17.73% of the company’s stock.
Saratoga Investment Corp (NYSE:SAR) opened at 22.55 on Tuesday. Saratoga Investment Corp has a 12 month low of $15.59 and a 12 month high of $23.78. The firm has a market capitalization of $129.53 million, a P/E ratio of 13.29 and a beta of 0.45. The stock’s 50 day moving average price is $22.75 and its 200 day moving average price is $20.03.
Saratoga Investment Corp (NYSE:SAR) last released its quarterly earnings results on Wednesday, January 11th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.38. Saratoga Investment Corp had a net margin of 29.86% and a return on equity of 8.88%. On average, analysts forecast that Saratoga Investment Corp will post $2.03 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 28th. Investors of record on Wednesday, March 15th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 8.16%. The ex-dividend date is Monday, March 13th. This is a boost from Saratoga Investment Corp’s previous quarterly dividend of $0.45. Saratoga Investment Corp’s dividend payout ratio (DPR) is presently 106.51%.
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About Saratoga Investment Corp
Saratoga Investment Corp. is a specialty finance company. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in leveraged loans and mezzanine debt issued by private middle-market companies in the United States. Its investment objective is to generate current income and, to a lesser extent, capital appreciation from its investments.
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