Saratoga Investment (NYSE:SAR) Stock Rating Lowered by StockNews.com

Saratoga Investment (NYSE:SAR) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Several other equities research analysts also recently weighed in on SAR. B. Riley downgraded shares of Saratoga Investment from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a report on Monday, January 8th. Compass Point lowered Saratoga Investment from a “buy” rating to a “neutral” rating and set a $24.75 target price on the stock. in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $25.69.

Saratoga Investment Stock Performance

Shares of NYSE SAR opened at $22.87 on Tuesday. Saratoga Investment has a 12-month low of $22.35 and a 12-month high of $28.87. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. The company has a market cap of $312.18 million, a PE ratio of 11.79 and a beta of 1.28. The stock has a 50 day simple moving average of $23.18 and a 200-day simple moving average of $24.08.

Institutional Trading of Saratoga Investment

Several institutional investors and hedge funds have recently bought and sold shares of SAR. Commonwealth Equity Services LLC boosted its stake in Saratoga Investment by 56.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 19,040 shares of the financial services provider’s stock worth $489,000 after purchasing an additional 6,895 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Saratoga Investment by 2.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 82,974 shares of the financial services provider’s stock worth $2,132,000 after purchasing an additional 2,192 shares during the period. Private Advisor Group LLC increased its stake in Saratoga Investment by 38.7% in the 3rd quarter. Private Advisor Group LLC now owns 82,324 shares of the financial services provider’s stock valued at $2,116,000 after buying an additional 22,950 shares during the period. Jump Financial LLC lifted its position in Saratoga Investment by 23.5% in the 3rd quarter. Jump Financial LLC now owns 12,601 shares of the financial services provider’s stock worth $324,000 after buying an additional 2,401 shares in the last quarter. Finally, Barclays PLC acquired a new stake in shares of Saratoga Investment during the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 19.09% of the company’s stock.

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.