Analysts Set Saratoga Investment Corp. (NYSE:SAR) Target Price at $24.94

Shares of Saratoga Investment Corp. (NYSE:SAR) have received an average recommendation of “Hold” from the four research firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $25.42.

Several research firms have recently commented on SAR. B. Riley reaffirmed a “neutral” rating and issued a $25.00 target price on shares of Saratoga Investment in a research report on Thursday. LADENBURG THALM/SH SH downgraded Saratoga Investment from a “buy” rating to a “neutral” rating in a research report on Thursday. Compass Point increased their price target on Saratoga Investment from $24.75 to $26.25 and gave the stock a “buy” rating in a research report on Friday. Finally, Oppenheimer increased their price target on Saratoga Investment from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Thursday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in Saratoga Investment in the second quarter valued at about $108,000. 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 valued at $225,000 after acquiring an additional 770 shares during the last quarter. Wedbush Securities Inc. grew its position in Saratoga Investment by 12.2% in the second quarter. Wedbush Securities Inc. now owns 9,900 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 1,075 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Saratoga Investment by 7.9% in the first quarter. Avantax Advisory Services Inc. now owns 11,393 shares of the financial services provider’s stock valued at $264,000 after acquiring an additional 832 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Saratoga Investment by 8.2% in the second quarter. Commonwealth Equity Services LLC now owns 22,224 shares of the financial services provider’s stock valued at $505,000 after acquiring an additional 1,677 shares during the last quarter. Institutional investors own 19.09% of the company’s stock.

Saratoga Investment Price Performance

Saratoga Investment stock opened at $23.82 on Thursday. Saratoga Investment has a 12 month low of $21.56 and a 12 month high of $27.00. The stock’s 50 day moving average is $23.16 and its 200-day moving average is $23.22. The company has a current ratio of 0.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $327.43 million, a price-to-earnings ratio of 19.69 and a beta of 1.32.

Saratoga Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Wednesday, September 11th were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $2.96 annualized dividend and a dividend yield of 12.43%. Saratoga Investment’s dividend payout ratio is currently 244.63%.

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.