Saratoga Investment Corp (NYSE:SAR) Receives $23.63 Average PT from Analysts

Saratoga Investment Corp (NYSE:SAR) has been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $23.6250.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Saratoga Investment in a research note on Friday, March 27th.

Hedge Funds Weigh In On Saratoga Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Closed End Fund Advisors Inc. acquired a new position in shares of Saratoga Investment in the 4th quarter valued at $3,680,000. Brevan Howard Capital Management LP acquired a new position in shares of Saratoga Investment in the 3rd quarter valued at $431,000. Focus Financial Network Inc. acquired a new position in shares of Saratoga Investment in the 3rd quarter valued at $382,000. Jane Street Group LLC acquired a new position in shares of Saratoga Investment in the 2nd quarter valued at $355,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Saratoga Investment in the 4th quarter valued at $305,000. Institutional investors and hedge funds own 19.09% of the company’s stock.

Saratoga Investment Stock Performance

NYSE SAR opened at $22.51 on Tuesday. The stock’s fifty day moving average is $22.64 and its two-hundred day moving average is $22.78. The firm has a market capitalization of $365.11 million, a P/E ratio of 9.23 and a beta of 0.54. 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 $20.78 and a fifty-two week high of $25.64.

Saratoga Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 13.3%. 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.