LADENBURG THALM/SH SH downgraded shares of Saratoga Investment (NYSE:SAR) from a buy rating to a neutral rating in a research report report published on Friday, The Fly reports. They currently have $24.00 target price on the financial services provider’s stock. The analysts noted that the move was a valuation call.
A number of other research analysts have also issued reports on SAR. Maxim Group reissued a buy rating and set a $26.00 target price on shares of Saratoga Investment in a research note on Thursday, January 10th. National Securities reissued a neutral rating and set a $24.00 target price on shares of Saratoga Investment in a research note on Tuesday, January 15th. Compass Point lowered shares of Saratoga Investment from a buy rating to a neutral rating in a research note on Monday, April 15th. Finally, Zacks Investment Research lowered shares of Saratoga Investment from a strong-buy rating to a hold rating in a research note on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $24.00.
Saratoga Investment stock opened at $24.41 on Friday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.07. The stock has a market cap of $186.99 million, a price-to-earnings ratio of 9.28 and a beta of 0.67. Saratoga Investment has a 52-week low of $18.60 and a 52-week high of $28.30.
Several large investors have recently modified their holdings of the company. PFG Advisors lifted its stake in shares of Saratoga Investment by 1.1% in the 1st quarter. PFG Advisors now owns 39,142 shares of the financial services provider’s stock worth $981,000 after acquiring an additional 439 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Saratoga Investment by 68.8% in the 4th quarter. Macquarie Group Ltd. now owns 1,939 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 790 shares during the period. North Star Investment Management Corp. acquired a new stake in shares of Saratoga Investment in the 1st quarter worth approximately $25,000. Legal & General Group Plc lifted its stake in shares of Saratoga Investment by 10.8% in the 3rd quarter. Legal & General Group Plc now owns 24,407 shares of the financial services provider’s stock worth $563,000 after acquiring an additional 2,376 shares during the period. Finally, Valeo Financial Advisors LLC lifted its stake in shares of Saratoga Investment by 55.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 8,920 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 3,200 shares during the period. 15.81% of the stock is 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.
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