Saratoga Investment (NYSE:SAR) Cut to “Neutral” at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH lowered shares of Saratoga Investment (NYSE:SAR) from a buy rating to a neutral rating in a research report report published on Thursday, Marketbeat reports.

Several other analysts also recently weighed in on SAR. B. Riley reiterated a neutral rating and set a $25.00 target price on shares of Saratoga Investment in a research report on Thursday, July 11th. Compass Point upgraded Saratoga Investment from a neutral rating to a buy rating and set a $24.75 target price for the company in a research report on Thursday, July 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $25.42.

Saratoga Investment Trading Down 0.5 %

SAR stock opened at $23.82 on Thursday. The firm has a fifty day moving average price of $23.16 and a 200 day moving average price of $23.22. Saratoga Investment has a fifty-two week low of $21.56 and a fifty-two week high of $27.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.07 and a current ratio of 0.22. The firm has a market cap of $327.43 million, a PE ratio of 19.69 and a beta of 1.32.

Saratoga Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Wednesday, September 11th were issued a $0.74 dividend. 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 payout ratio is currently 244.63%.

Institutional Trading of Saratoga Investment

Several institutional investors and hedge funds have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. raised its holdings in shares of 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 in the last quarter. Avantax Advisory Services Inc. grew its stake 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 purchasing an additional 832 shares during the last quarter. Next Level Private LLC grew its stake in Saratoga Investment by 3.4% in the second quarter. Next Level Private LLC now owns 32,535 shares of the financial services provider’s stock valued at $739,000 after purchasing an additional 1,059 shares during the last quarter. Wedbush Securities Inc. grew its stake 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 purchasing an additional 1,075 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake 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 purchasing an additional 1,677 shares during the last quarter. 19.09% of the stock is currently owned by institutional investors.

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.