Saratoga Investment (NYSE:SAR) Price Target Raised to $26.25

Saratoga Investment (NYSE:SAR) had its price objective lifted by Compass Point from $24.75 to $26.25 in a report released on Friday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

SAR has been the subject of a number of other reports. Oppenheimer raised their target price on Saratoga Investment from $23.00 to $25.00 and gave the stock a market perform rating in a research report on Thursday. B. Riley reissued a neutral rating and issued a $25.00 price objective on shares of Saratoga Investment in a report on Thursday. Finally, LADENBURG THALM/SH SH cut Saratoga Investment from a buy rating to a neutral rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Saratoga Investment currently has an average rating of Hold and a consensus target price of $25.42.

Saratoga Investment Trading Down 0.5 %

Shares of SAR stock opened at $23.82 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.22 and a debt-to-equity ratio of 0.14. The firm has a market cap of $327.43 million, a P/E ratio of 19.69 and a beta of 1.32. The company has a 50 day moving average of $23.16 and a 200-day moving average of $23.22. Saratoga Investment has a 12-month low of $21.56 and a 12-month high of $27.00.

Saratoga Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Wednesday, September 11th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 12.43%. The ex-dividend date of this dividend was Wednesday, September 11th. Saratoga Investment’s dividend payout ratio (DPR) is presently 244.63%.

Institutional Trading of Saratoga Investment

A number of institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd increased its position in shares of Saratoga Investment by 80.3% during the fourth quarter. Quadrature Capital Ltd now owns 100,385 shares of the financial services provider’s stock valued at $2,595,000 after buying an additional 44,722 shares during the period. Wealthcare Advisory Partners LLC purchased a new position in Saratoga Investment during the first quarter valued at approximately $710,000. Hennion & Walsh Asset Management Inc. increased its holdings in Saratoga Investment by 1.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 125,373 shares of the financial services provider’s stock worth $2,909,000 after acquiring an additional 2,154 shares during the period. Private Advisor Group LLC lifted its stake in Saratoga Investment by 14.3% in the 1st quarter. Private Advisor Group LLC now owns 126,133 shares of the financial services provider’s stock worth $2,926,000 after purchasing an additional 15,782 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Saratoga Investment by 21.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 22,843 shares of the financial services provider’s stock valued at $530,000 after purchasing an additional 4,016 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.