Brokerages Set Saratoga Investment Corp (NYSE:SAR) Target Price at $23.63

Shares of Saratoga Investment Corp (NYSE:SAR) have earned a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $23.6250.

Several research firms have weighed in on SAR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saratoga Investment in a research report on Monday, December 29th. Zacks Research upgraded shares of Saratoga Investment from a “strong sell” rating to a “hold” rating in a report on Monday, December 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new stake in Saratoga Investment during the 3rd quarter worth about $25,000. Quantbot Technologies LP purchased a new stake in shares of Saratoga Investment during the third quarter worth approximately $36,000. Advisory Services Network LLC acquired a new stake in Saratoga Investment in the third quarter valued at approximately $45,000. Kestra Advisory Services LLC purchased a new position in Saratoga Investment in the fourth quarter worth approximately $46,000. Finally, Daytona Street Capital LLC acquired a new position in Saratoga Investment during the 4th quarter worth approximately $51,000. 19.09% of the stock is currently owned by hedge funds and other institutional investors.

Saratoga Investment Stock Up 0.7%

Saratoga Investment stock opened at $23.63 on Monday. The company has a market capitalization of $382.33 million, a PE ratio of 9.68 and a beta of 0.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.25 and a current ratio of 0.25. Saratoga Investment has a fifty-two week low of $21.10 and a fifty-two week high of $25.64. The firm has a 50 day moving average price of $23.31 and a 200 day moving average price of $23.38.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings results on Wednesday, January 7th. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.59 by $0.02. Saratoga Investment had a return on equity of 9.19% and a net margin of 30.61%.The business had revenue of $23.41 million during the quarter, compared to analyst estimates of $31.35 million. Research analysts expect that Saratoga Investment will post 3.93 earnings per share for the current year.

Saratoga Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Tuesday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, March 3rd. This represents a c) annualized dividend and a dividend yield of 12.7%. Saratoga Investment’s payout ratio is 122.95%.

About Saratoga Investment

Saratoga Investment Corp. is a closed-end, externally managed investment company that seeks to generate current income and total return through a diversified portfolio of private U.S. companies. Trading on the New York Stock Exchange under the ticker SAR, the firm primarily targets middle-market businesses across a broad range of industries, including industrials, healthcare, consumer products, financial services and technology. Its investment approach combines debt and equity instruments, providing flexible capital solutions such as first-lien and second-lien secured loans, mezzanine debt, preferred equity and common equity positions.

As an actively managed vehicle, Saratoga Investment works closely with portfolio companies’ management teams to support growth initiatives, operational improvements, and strategic transactions.