Saratoga Investment (NYSE:SAR) released its earnings results on Thursday. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10, Fidelity Earnings reports. Saratoga Investment had a net margin of 67.27% and a return on equity of 8.30%.
SAR opened at $22.62 on Friday. The stock has a market capitalization of $252.76 million, a P/E ratio of 6.13 and a beta of 1.62. Saratoga Investment has a 12 month low of $5.94 and a 12 month high of $28.70. The firm’s fifty day simple moving average is $21.29 and its 200 day simple moving average is $18.53.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 10th. Investors of record on Tuesday, January 26th will be given a $0.42 dividend. This is a boost from Saratoga Investment’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 7.43%. The ex-dividend date of this dividend is Monday, January 25th. Saratoga Investment’s payout ratio is currently 65.86%.
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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