Saratoga Investment (NYSE:SAR) Cut to “Hold” at StockNews.com

Saratoga Investment (NYSE:SAR) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other brokerages have also issued reports on SAR. LADENBURG THALM/SH SH lowered shares of Saratoga Investment from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th. B. Riley reaffirmed a “neutral” rating and set a $25.00 target price on shares of Saratoga Investment in a research note on Thursday, October 10th. Compass Point decreased their price target on shares of Saratoga Investment from $26.25 to $25.25 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Oppenheimer increased their price objective on shares of Saratoga Investment from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Thursday, October 10th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Saratoga Investment presently has a consensus rating of “Hold” and a consensus price target of $25.08.

Saratoga Investment Trading Down 0.1 %

Shares of Saratoga Investment stock opened at $24.88 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.22 and a current ratio of 0.33. The company has a fifty day moving average of $24.58 and a 200 day moving average of $23.75. The company has a market capitalization of $357.06 million, a P/E ratio of 10.03 and a beta of 1.33. Saratoga Investment has a fifty-two week low of $21.56 and a fifty-two week high of $26.49.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.08. Saratoga Investment had a return on equity of 15.53% and a net margin of 22.01%. On average, sell-side analysts anticipate that Saratoga Investment will post 3.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Saratoga Investment

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in shares of Saratoga Investment in the 3rd quarter worth about $116,000. Janney Montgomery Scott LLC purchased a new position in Saratoga Investment in the fourth quarter worth about $212,000. B. Riley Wealth Advisors Inc. grew its position in Saratoga Investment by 8.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 9,885 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 770 shares in the last quarter. PVG Asset Management Corp bought a new stake in Saratoga Investment during the third quarter worth approximately $236,000. Finally, Commonwealth Equity Services LLC raised its position in Saratoga Investment by 8.2% during the second quarter. Commonwealth Equity Services LLC now owns 22,224 shares of the financial services provider’s stock valued at $505,000 after purchasing an additional 1,677 shares during the period. Hedge funds and other institutional investors 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.