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

Saratoga Investment (NYSE:SAR) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

SAR has been the topic of a number of other research reports. Oppenheimer boosted their price objective on shares of Saratoga Investment from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Thursday, October 10th. Compass Point boosted their price objective on shares of Saratoga Investment from $24.75 to $26.25 and gave the stock a “buy” rating in a research report on Friday, October 11th. LADENBURG THALM/SH SH cut shares of Saratoga Investment from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. Finally, B. Riley reiterated a “neutral” rating and issued a $25.00 price target on shares of Saratoga Investment in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Saratoga Investment has an average rating of “Hold” and a consensus target price of $25.42.

Saratoga Investment Price Performance

SAR opened at $24.20 on Friday. The stock has a 50-day moving average price of $24.49 and a 200-day moving average price of $23.68. The stock has a market capitalization of $333.98 million, a P/E ratio of 15.82 and a beta of 1.33. Saratoga Investment has a 12-month low of $21.56 and a 12-month high of $26.49. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.14.

Saratoga Investment (NYSE:SAR) last released its earnings results on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.08. Saratoga Investment had a return on equity of 15.88% and a net margin of 13.64%. Equities analysts predict that Saratoga Investment will post 3.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Saratoga Investment

Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in shares of Saratoga Investment by 2,268.4% during the 3rd quarter. International Assets Investment Management LLC now owns 112,238 shares of the financial services provider’s stock valued at $2,603,000 after buying an additional 107,499 shares during the period. Kovitz Investment Group Partners LLC bought a new position in shares of Saratoga Investment in the third quarter valued at approximately $1,450,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Saratoga Investment by 14.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 138,185 shares of the financial services provider’s stock valued at $3,205,000 after acquiring an additional 17,379 shares during the period. PVG Asset Management Corp acquired a new position in shares of Saratoga Investment during the 3rd quarter worth about $236,000. Finally, Next Level Private LLC boosted its position in shares of Saratoga Investment by 20.3% in the third quarter. Next Level Private LLC now owns 39,154 shares of the financial services provider’s stock valued at $908,000 after acquiring an additional 6,619 shares during the period. 19.09% of the stock is currently owned by institutional investors and hedge funds.

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.