Saratoga Investment (NYSE:SAR – Get Rating) will be issuing its quarterly earnings data after the market closes on Wednesday, May 4th. Analysts expect the company to announce earnings of $0.54 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Saratoga Investment stock opened at $26.05 on Wednesday. The stock’s 50-day moving average is $27.34 and its 200-day moving average is $28.11. The company has a market cap of $315.26 million, a price-to-earnings ratio of 6.28 and a beta of 1.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.33 and a quick ratio of 0.33. Saratoga Investment has a 12 month low of $23.54 and a 12 month high of $30.25.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 28th. Stockholders of record on Monday, March 14th were issued a $0.53 dividend. The ex-dividend date was Friday, March 11th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.14%. Saratoga Investment’s dividend payout ratio (DPR) is 51.08%.
Several hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its position in Saratoga Investment by 2.0% in the 4th quarter. Legal & General Group Plc now owns 68,252 shares of the financial services provider’s stock valued at $2,004,000 after buying an additional 1,333 shares in the last quarter. Royal Bank of Canada grew its position in Saratoga Investment by 12.5% in the 3rd quarter. Royal Bank of Canada now owns 15,899 shares of the financial services provider’s stock valued at $457,000 after buying an additional 1,763 shares in the last quarter. LPL Financial LLC grew its position in Saratoga Investment by 3.7% in the 4th quarter. LPL Financial LLC now owns 79,813 shares of the financial services provider’s stock valued at $2,345,000 after buying an additional 2,875 shares in the last quarter. Wells Fargo & Company MN grew its position in Saratoga Investment by 7.6% in the 2nd quarter. Wells Fargo & Company MN now owns 69,769 shares of the financial services provider’s stock valued at $1,874,000 after buying an additional 4,953 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in Saratoga Investment by 161.0% in the 4th quarter. Chicago Partners Investment Group LLC now owns 21,090 shares of the financial services provider’s stock valued at $567,000 after buying an additional 13,010 shares in the last quarter. 10.04% of the stock is currently owned by institutional investors and hedge funds.
About Saratoga Investment (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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