$18.79 Million in Sales Expected for Saratoga Investment Corp. (NYSE:SAR) This Quarter

Wall Street analysts expect Saratoga Investment Corp. (NYSE:SARGet Rating) to post $18.79 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Saratoga Investment’s earnings, with the lowest sales estimate coming in at $18.32 million and the highest estimate coming in at $19.26 million. Saratoga Investment reported sales of $16.82 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.7%. The firm is expected to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Saratoga Investment will report full year sales of $77.41 million for the current year, with estimates ranging from $75.09 million to $79.72 million. For the next fiscal year, analysts forecast that the firm will post sales of $85.42 million, with estimates ranging from $79.94 million to $90.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Saratoga Investment.

Several brokerages have issued reports on SAR. Zacks Investment Research downgraded shares of Saratoga Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, March 9th. Compass Point decreased their price objective on shares of Saratoga Investment to $29.00 and set a “na” rating for the company in a research note on Monday. StockNews.com initiated coverage on shares of Saratoga Investment in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, TheStreet downgraded shares of Saratoga Investment from a “b-” rating to a “c+” rating in a research note on Monday, January 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $30.33.

Shares of NYSE SAR opened at $26.19 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market cap of $317.53 million, a P/E ratio of 6.51 and a beta of 1.48. Saratoga Investment has a 1 year low of $23.54 and a 1 year high of $30.25. The firm has a 50-day simple moving average of $26.80 and a two-hundred day simple moving average of $27.77.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 28th. Investors of record on Monday, March 14th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 8.09%. The ex-dividend date was Friday, March 11th. Saratoga Investment’s dividend payout ratio (DPR) is 52.74%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. grew its holdings in Saratoga Investment by 23.4% in the fourth quarter. D.A. Davidson & CO. now owns 21,071 shares of the financial services provider’s stock worth $619,000 after purchasing an additional 4,000 shares during the last quarter. Advisory Research Inc. purchased a new stake in shares of Saratoga Investment during the third quarter valued at $585,000. LPL Financial LLC grew its holdings in shares of Saratoga Investment by 11.3% during the third quarter. LPL Financial LLC now owns 76,938 shares of the financial services provider’s stock valued at $2,211,000 after buying an additional 7,840 shares during the last quarter. All Season Financial Advisors Inc. purchased a new stake in shares of Saratoga Investment during the fourth quarter valued at $332,000. Finally, Black Diamond Capital Management L.L.C. purchased a new stake in shares of Saratoga Investment during the fourth quarter valued at $28,745,000. 20.68% 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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Earnings History and Estimates for Saratoga Investment (NYSE:SAR)

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