Saratoga Investment (NYSE:SAR) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Saratoga Investment Corp. (NYSE:SAR)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.27 and traded as high as $24.33. Saratoga Investment shares last traded at $24.24, with a volume of 30,209 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Compass Point boosted their target price on shares of Saratoga Investment from $24.75 to $26.25 and gave the company a “buy” rating in a research report on Friday, October 11th. B. Riley restated a “neutral” rating and issued a $25.00 target price on shares of Saratoga Investment in a research report on Thursday, October 10th. Oppenheimer boosted their target price on shares of Saratoga Investment from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Thursday, October 10th. 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. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.42.

Saratoga Investment Stock Performance

The stock’s 50-day moving average is $23.41 and its 200-day moving average is $23.27. The firm has a market capitalization of $333.20 million, a price-to-earnings ratio of 20.03 and a beta of 1.32. The company has a current ratio of 0.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.14.

Saratoga Investment Dividend Announcement

The business 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. This represents a $2.96 dividend on an annualized basis and a yield of 12.21%. The ex-dividend date was Wednesday, September 11th. Saratoga Investment’s dividend payout ratio is 244.63%.

Hedge Funds Weigh In On Saratoga Investment

A number of institutional investors have recently added to or reduced their stakes in SAR. Alpine Global Management LLC bought a new stake in Saratoga Investment during the 1st quarter worth approximately $726,000. Wealthcare Advisory Partners LLC bought a new stake in Saratoga Investment during the 1st quarter worth approximately $710,000. Private Advisor Group LLC grew its holdings in Saratoga Investment by 14.3% during the 1st quarter. Private Advisor Group LLC now owns 126,133 shares of the financial services provider’s stock worth $2,926,000 after acquiring an additional 15,782 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Saratoga Investment by 5.7% during the 1st quarter. Advisors Asset Management Inc. now owns 126,165 shares of the financial services provider’s stock worth $2,927,000 after acquiring an additional 6,837 shares during the last quarter. Finally, Next Level Private LLC grew its holdings in Saratoga Investment by 20.3% during the 3rd quarter. Next Level Private LLC now owns 39,154 shares of the financial services provider’s stock worth $908,000 after acquiring an additional 6,619 shares during the last quarter. 19.09% of the stock is currently owned by institutional investors and hedge funds.

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.