Saratoga Investment (SAR) Set to Announce Quarterly Earnings on Monday

Saratoga Investment (NYSE:SAR) is set to post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Saratoga Investment to post earnings of $0.96 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Saratoga Investment Stock Performance

Shares of NYSE SAR opened at $23.84 on Monday. The company has a market cap of $325.42 million, a P/E ratio of 12.29 and a beta of 1.32. Saratoga Investment has a 52-week low of $22.35 and a 52-week high of $28.87. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 0.07. The firm’s fifty day moving average is $23.19 and its two-hundred day moving average is $24.10.

Saratoga Investment Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 12.25%. This is a boost from Saratoga Investment’s previous quarterly dividend of $0.72. The ex-dividend date was Tuesday, March 12th. Saratoga Investment’s payout ratio is 150.52%.

Analyst Upgrades and Downgrades

SAR has been the subject of a number of research reports. Compass Point lowered Saratoga Investment from a “buy” rating to a “neutral” rating and set a $24.75 price target for the company. in a research note on Wednesday, January 10th. StockNews.com upgraded Saratoga Investment from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Finally, B. Riley cut shares of Saratoga Investment from a “buy” rating to a “neutral” rating and set a $28.00 price target on the stock. in a research report on Monday, January 8th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $26.69.

Saratoga Investment Company Profile

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.