Compass Point Cuts Saratoga Investment (NYSE:SAR) Price Target to $25.25

Saratoga Investment (NYSE:SAR) had its price target lowered by Compass Point from $26.25 to $25.25 in a research note published on Monday,Benzinga reports. Compass Point currently has a buy rating on the financial services provider’s stock.

Other research analysts have also recently issued research reports about the company. Oppenheimer increased their target price on Saratoga Investment from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Thursday, October 10th. B. Riley reiterated a “neutral” rating and set a $25.00 price objective on shares of Saratoga Investment in a research report on Thursday, October 10th. StockNews.com upgraded Saratoga Investment from a “hold” rating to a “buy” rating in a research report on Friday. Finally, LADENBURG THALM/SH SH cut shares of Saratoga Investment from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.08.

Saratoga Investment Price Performance

Shares of NYSE SAR opened at $24.39 on Monday. The stock’s 50-day simple moving average is $24.49 and its two-hundred day simple moving average is $23.69. Saratoga Investment has a twelve month low of $21.56 and a twelve month high of $26.49. The firm has a market capitalization of $349.90 million, a P/E ratio of 15.94 and a beta of 1.33. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.14.

Saratoga Investment (NYSE:SAR) last posted its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.08. Saratoga Investment had a net margin of 13.64% and a return on equity of 15.88%. As a group, equities analysts anticipate that Saratoga Investment will post 3.93 EPS for the current fiscal year.

Saratoga Investment Announces Dividend

The business also recently announced a None dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th were paid a $1.09 dividend. This represents a dividend yield of 11.9%. The ex-dividend date of this dividend was Wednesday, December 4th. Saratoga Investment’s dividend payout ratio (DPR) is presently 119.35%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SAR. JPMorgan Chase & Co. purchased a new stake in Saratoga Investment during the 3rd quarter valued at $116,000. Wedbush Securities Inc. raised its stake in shares of Saratoga Investment by 12.2% during 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. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Saratoga Investment by 8.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 9,885 shares of the financial services provider’s stock worth $225,000 after purchasing an additional 770 shares during the period. PVG Asset Management Corp bought a new stake in shares of Saratoga Investment in the third quarter worth about $236,000. Finally, Commonwealth Equity Services LLC increased its holdings in Saratoga Investment by 8.2% during the 2nd 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 period. 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.