Saratoga Investment (NYSE:SAR) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Saratoga Investment Corp. (NYSE:SAR) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.62 and traded as high as $23.89. Saratoga Investment shares last traded at $23.68, with a volume of 44,526 shares.

Wall Street Analyst Weigh In

SAR has been the topic of several recent analyst reports. 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. Oppenheimer lifted their price target on shares of Saratoga Investment from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Thursday, October 10th. LADENBURG THALM/SH SH downgraded shares of Saratoga Investment from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th. Finally, Compass Point lifted their target price on Saratoga Investment from $24.75 to $26.25 and gave the stock a “buy” rating in a report on Friday, October 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.42.

Saratoga Investment Trading Down 0.3 %

The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average is $24.44 and its 200-day moving average is $23.62. The company has a market cap of $326.81 million, a PE ratio of 15.48 and a beta of 1.33.

Saratoga Investment (NYSE:SAR) last posted its earnings results on Tuesday, October 8th. The financial services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.39. Saratoga Investment had a net margin of 13.64% and a return on equity of 15.88%. The firm had revenue of $43.00 million for the quarter, compared to the consensus estimate of $36.84 million. As a group, sell-side analysts anticipate that Saratoga Investment Corp. will post 3.93 EPS for the current year.

Saratoga Investment Dividend Announcement

The business also recently disclosed 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 was Wednesday, December 4th. Saratoga Investment’s payout ratio is 193.46%.

Hedge Funds Weigh In On Saratoga Investment

Several large investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in Saratoga Investment in the second quarter worth $108,000. Commonwealth Equity Services LLC boosted its stake in shares of 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 worth $505,000 after purchasing an additional 1,677 shares during the period. Next Level Private LLC grew its holdings in Saratoga Investment by 3.4% during the 2nd 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. Private Advisor Group LLC raised its position in Saratoga Investment by 2.7% in the 2nd quarter. Private Advisor Group LLC now owns 129,550 shares of the financial services provider’s stock worth $2,941,000 after purchasing an additional 3,417 shares during the period. Finally, Wedbush Securities Inc. lifted 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 worth $225,000 after purchasing an additional 1,075 shares during the last quarter. Institutional investors own 19.09% of the company’s stock.

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.