Saratoga Investment (NYSE:SAR) Given New $25.25 Price Target at Compass Point

Saratoga Investment (NYSE:SAR) had its price target reduced by Compass Point from $26.25 to $25.25 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other equities analysts have also issued reports on SAR. B. Riley reaffirmed a “neutral” rating and issued a $25.00 target price on shares of Saratoga Investment in a report on Thursday, October 10th. StockNews.com upgraded Saratoga Investment from a “hold” rating to a “buy” rating in a research note on Friday. LADENBURG THALM/SH SH cut Saratoga Investment from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. Finally, Oppenheimer increased their price target 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.08.

Saratoga Investment Trading Up 0.9 %

NYSE SAR opened at $24.39 on Monday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $349.90 million, a P/E ratio of 15.94 and a beta of 1.33. The business has a fifty day simple moving average of $24.49 and a 200 day simple moving average of $23.69. Saratoga Investment has a 12 month low of $21.56 and a 12 month high of $26.49.

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

Saratoga Investment Announces Dividend

The company also recently declared a None dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th were given a dividend of $1.09 per share. The ex-dividend date was Wednesday, December 4th. This represents a dividend yield of 11.9%. Saratoga Investment’s dividend payout ratio is presently 119.35%.

Institutional Investors Weigh In On Saratoga Investment

Several large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in 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 acquiring an additional 107,499 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of Saratoga Investment during the 3rd quarter valued at $1,450,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of Saratoga Investment by 14.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 138,185 shares of the financial services provider’s stock valued at $3,205,000 after purchasing an additional 17,379 shares during the period. PVG Asset Management Corp bought a new position in Saratoga Investment in the 3rd quarter worth about $236,000. Finally, Next Level Private LLC boosted 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 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.