International Assets Investment Management LLC Has $2.23 Million Stock Holdings in Saratoga Investment Corp. (NYSE:SAR)

International Assets Investment Management LLC boosted its holdings in shares of Saratoga Investment Corp. (NYSE:SAR) by 2,604.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 86,042 shares of the financial services provider’s stock after acquiring an additional 82,860 shares during the period. International Assets Investment Management LLC’s holdings in Saratoga Investment were worth $2,225,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Advisory Research Inc. grew its holdings in Saratoga Investment by 1.4% during the 3rd quarter. Advisory Research Inc. now owns 35,721 shares of the financial services provider’s stock worth $742,000 after acquiring an additional 500 shares during the period. Royal Bank of Canada grew its holdings in shares of Saratoga Investment by 2.6% in the 2nd quarter. Royal Bank of Canada now owns 28,341 shares of the financial services provider’s stock valued at $765,000 after buying an additional 722 shares during the period. Atria Wealth Solutions Inc. grew its holdings in shares of Saratoga Investment by 6.9% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 11,655 shares of the financial services provider’s stock valued at $300,000 after buying an additional 750 shares during the period. Fairfield Bush & CO. acquired a new position in shares of Saratoga Investment in the 1st quarter valued at $27,000. Finally, Harbour Investments Inc. acquired a new position in shares of Saratoga Investment in the 2nd quarter valued at $27,000. Institutional investors and hedge funds own 19.09% of the company’s stock.

Saratoga Investment Price Performance

Shares of NYSE SAR opened at $22.95 on Friday. The firm has a market cap of $313.27 million, a PE ratio of 11.83 and a beta of 1.32. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. Saratoga Investment Corp. has a 1-year low of $22.35 and a 1-year high of $28.87. The company has a fifty day moving average price of $23.17 and a 200 day moving average price of $24.12.

Saratoga Investment Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This is a boost from Saratoga Investment’s previous quarterly dividend of $0.72. This represents a $2.92 annualized dividend and a yield of 12.72%. Saratoga Investment’s payout ratio is 150.52%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SAR shares. Compass Point lowered shares of Saratoga Investment from a “buy” rating to a “neutral” rating and set a $24.75 price target for the company. in a report on Wednesday, January 10th. B. Riley lowered shares of Saratoga Investment from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. in a report on Monday, January 8th. Finally, StockNews.com raised shares of Saratoga Investment from a “sell” rating to a “hold” rating in a report on Friday, April 5th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.75.

About Saratoga Investment

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.