Saratoga Investment (NYSE:SAR) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Saratoga Investment Corp. (NYSE:SAR) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.27 and traded as high as $24.33. Saratoga Investment shares last traded at $24.24, with a volume of 30,209 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SAR shares. LADENBURG THALM/SH SH lowered shares of Saratoga Investment from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. Oppenheimer lifted their price objective on shares of Saratoga Investment from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Thursday, October 10th. B. Riley reissued a “neutral” rating and issued a $25.00 price objective on shares of Saratoga Investment in a research report on Thursday, October 10th. Finally, Compass Point lifted their price objective on shares of Saratoga Investment from $24.75 to $26.25 and gave the company a “buy” rating in a research report on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Saratoga Investment currently has a consensus rating of “Hold” and an average price target of $25.42.

Saratoga Investment Stock Up 0.1 %

The firm has a market cap of $333.20 million, a P/E ratio of 20.03 and a beta of 1.32. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.07 and a current ratio of 0.22. The firm’s fifty day moving average is $23.41 and its 200 day moving average is $23.27.

Saratoga Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Wednesday, September 11th were issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 12.21%. The ex-dividend date was Wednesday, September 11th. Saratoga Investment’s payout ratio is 244.63%.

Institutional Trading of Saratoga Investment

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC raised its stake in Saratoga Investment by 2.7% in the 2nd quarter. Private Advisor Group LLC now owns 129,550 shares of the financial services provider’s stock worth $2,941,000 after purchasing an additional 3,417 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Saratoga Investment by 5.7% in the 1st quarter. Advisors Asset Management Inc. now owns 126,165 shares of the financial services provider’s stock worth $2,927,000 after purchasing an additional 6,837 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Saratoga Investment by 1.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 125,373 shares of the financial services provider’s stock worth $2,909,000 after purchasing an additional 2,154 shares in the last quarter. Next Level Private LLC raised its stake in Saratoga Investment by 20.3% in the 3rd quarter. Next Level Private LLC now owns 39,154 shares of the financial services provider’s stock worth $908,000 after purchasing an additional 6,619 shares in the last quarter. Finally, Alpine Global Management LLC acquired a new stake in Saratoga Investment in the 1st quarter worth about $726,000. Institutional investors own 19.09% of the company’s stock.

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.