Saratoga Investment (NYSE:SAR) Upgraded at StockNews.com

Saratoga Investment (NYSE:SAR) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

SAR has been the topic of several other reports. Compass Point lowered their price target on Saratoga Investment from $26.25 to $25.25 and set a “buy” rating on the stock in a research report on Monday, January 13th. LADENBURG THALM/SH SH downgraded Saratoga Investment from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. Oppenheimer upped their price target on Saratoga Investment from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Thursday, October 10th. Finally, B. Riley restated a “neutral” rating and issued a $25.00 price objective on shares of Saratoga Investment in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $25.08.

Saratoga Investment Stock Up 0.6 %

Shares of SAR stock opened at $25.41 on Friday. The stock’s 50 day simple moving average is $24.59 and its 200 day simple moving average is $23.84. Saratoga Investment has a twelve month low of $21.56 and a twelve month high of $26.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $364.49 million, a price-to-earnings ratio of 10.24 and a beta of 1.33.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.08. Saratoga Investment had a net margin of 22.01% and a return on equity of 15.53%. As a group, research analysts predict that Saratoga Investment will post 3.93 EPS for the current year.

Institutional Investors Weigh In On Saratoga Investment

Several institutional investors and hedge funds have recently bought and sold shares of SAR. Janney Montgomery Scott LLC bought a new stake in shares of Saratoga Investment in the 4th quarter valued at approximately $212,000. Wealthcare Advisory Partners LLC grew its position in Saratoga Investment by 2.9% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 32,845 shares of the financial services provider’s stock valued at $786,000 after acquiring an additional 911 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in Saratoga Investment by 4.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 144,817 shares of the financial services provider’s stock worth $3,464,000 after acquiring an additional 6,632 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Saratoga Investment during the third quarter valued at $116,000. Finally, PVG Asset Management Corp bought a new position in shares of Saratoga Investment during the third quarter valued at $236,000. 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.