Saratoga Investment (NYSE:SAR) Price Target Cut to $28.00

Saratoga Investment (NYSE:SAR – Get Rating) had its price objective decreased by analysts at Hovde Group to $28.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. Hovde Group’s price objective indicates a potential upside of 11.96% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. TheStreet cut Saratoga Investment from a “b-” rating to a “c+” rating in a research report on Monday, January 24th. Compass Point lowered their price target on Saratoga Investment to $29.00 and set a “na” rating on the stock in a research note on Monday. Zacks Investment Research lowered Saratoga Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, March 9th. Finally, StockNews.com started coverage on Saratoga Investment in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Saratoga Investment presently has a consensus rating of “Buy” and a consensus price target of $30.00.

Shares of NYSE:SAR traded down $0.93 on Friday, reaching $25.01. The company had a trading volume of 310 shares, compared to its average volume of 41,529. Saratoga Investment has a twelve month low of $23.54 and a twelve month high of $30.25. The stock has a 50-day moving average price of $26.77 and a 200 day moving average price of $27.75. The stock has a market capitalization of $303.12 million, a P/E ratio of 6.22 and a beta of 1.48. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.04.

A number of large investors have recently bought and sold shares of SAR. Chilton Capital Management LLC acquired a new position in shares of Saratoga Investment in the 4th quarter valued at $25,000. Fairfield Bush & CO. acquired a new position in shares of Saratoga Investment in the 1st quarter valued at $27,000. Lazard Asset Management LLC acquired a new position in shares of Saratoga Investment in the 1st quarter valued at $38,000. Geneos Wealth Management Inc. lifted its stake in shares of Saratoga Investment by 360.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,756 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,375 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Saratoga Investment by 29.3% in 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 purchasing an additional 509 shares during the period. 20.68% of the stock is currently owned by hedge funds and other institutional investors.

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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