8,882 Shares in Saratoga Investment Corp. (NYSE:SAR) Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC acquired a new position in Saratoga Investment Corp. (NYSE:SAR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,882 shares of the financial services provider’s stock, valued at approximately $212,000. Janney Montgomery Scott LLC owned 0.06% of Saratoga Investment as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SAR. JPMorgan Chase & Co. acquired a new stake in Saratoga Investment in the third quarter worth about $116,000. PVG Asset Management Corp acquired a new stake in Saratoga Investment in the third quarter worth about $236,000. Wealthcare Advisory Partners LLC lifted its holdings 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 worth $786,000 after purchasing an additional 911 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in Saratoga Investment in the third quarter worth about $1,450,000. Finally, International Assets Investment Management LLC lifted its holdings in Saratoga Investment by 2,268.4% in the third quarter. International Assets Investment Management LLC now owns 112,238 shares of the financial services provider’s stock worth $2,603,000 after purchasing an additional 107,499 shares during the period. Institutional investors and hedge funds own 19.09% of the company’s stock.

Saratoga Investment Price Performance

Shares of NYSE SAR opened at $24.99 on Thursday. Saratoga Investment Corp. has a twelve month low of $21.56 and a twelve month high of $26.49. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $358.61 million, a price-to-earnings ratio of 10.08 and a beta of 1.34. The firm has a 50-day moving average of $24.46 and a two-hundred day moving average of $24.00.

Saratoga Investment (NYSE:SAR) last posted its quarterly earnings data 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, analysts expect that Saratoga Investment Corp. will post 3.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on SAR. StockNews.com raised shares of Saratoga Investment from a “hold” rating to a “buy” rating in a report on Sunday, January 26th. Compass Point cut their price target on shares of Saratoga Investment from $26.25 to $25.25 and set a “buy” rating for the company in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Saratoga Investment presently has a consensus rating of “Hold” and a consensus target price of $25.08.

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.