Saratoga Investment Corp. (NYSE:SAR) Receives $30.25 Consensus PT from Brokerages

Shares of Saratoga Investment Corp. (NYSE:SARGet Rating) have been given an average recommendation of “Buy” by the seven brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $30.25.

A number of equities analysts recently issued reports on the company. TheStreet lowered Saratoga Investment from a “b-” rating to a “c+” rating in a research note on Monday, January 24th. StockNews.com assumed coverage on Saratoga Investment in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research lowered Saratoga Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, March 9th.

A number of institutional investors and hedge funds have recently made changes to their positions in SAR. Chilton Capital Management LLC acquired a new stake in shares of Saratoga Investment during the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. grew its position in shares of Saratoga Investment by 360.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,756 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 1,375 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of Saratoga Investment by 29.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 2,246 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 509 shares during the period. Confluence Wealth Services Inc. acquired a new stake in shares of Saratoga Investment during the 4th quarter valued at about $88,000. Finally, Cetera Advisors LLC acquired a new stake in shares of Saratoga Investment during the 3rd quarter valued at about $215,000. 10.04% of the stock is currently owned by institutional investors.

Shares of SAR opened at $26.99 on Wednesday. Saratoga Investment has a 12 month low of $23.54 and a 12 month high of $30.25. The stock has a fifty day moving average price of $27.34 and a 200-day moving average price of $28.22. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.04. The firm has a market cap of $326.58 million, a PE ratio of 6.50, a P/E/G ratio of 1.53 and a beta of 1.54.

The business also recently declared a quarterly dividend, which was paid on Monday, March 28th. Shareholders of record on Monday, March 14th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 7.85%. The ex-dividend date of this dividend was Friday, March 11th. Saratoga Investment’s dividend payout ratio is currently 51.08%.

Saratoga Investment Company Profile (Get Rating)

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.

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