Saratoga Investment (NYSE:SAR) Announces Earnings Results

Posted by on Jan 10th, 2021 // Comments off

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%.

SAR has been the subject of a number of analyst reports. ValuEngine raised shares of Saratoga Investment from a “sell” rating to a “hold” rating in a report on Tuesday, December 1st. B. Riley reissued a “buy” rating on shares of Saratoga Investment in a report on Tuesday, November 24th. TheStreet raised shares of Saratoga Investment from a “c” rating to a “b-” rating in a report on Tuesday, October 13th. Janney Montgomery Scott raised shares of Saratoga Investment from a “neutral” rating to a “buy” rating in a report on Thursday. Finally, LADENBURG THALM/SH SH boosted their price target on shares of Saratoga Investment from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $21.79.

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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Earnings History for Saratoga Investment (NYSE:SAR)

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