Saratoga Investment (NYSE:SAR) Issues Earnings Results

Saratoga Investment (NYSE:SAR) released its earnings results on Wednesday. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.82 by $0.08, Zacks reports. Saratoga Investment had a return on equity of 15.88% and a net margin of 13.64%.

Saratoga Investment Stock Up 1.1 %

NYSE SAR traded up $0.26 during trading on Wednesday, hitting $24.47. The company’s stock had a trading volume of 81,298 shares, compared to its average volume of 50,861. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.22 and a quick ratio of 0.22. Saratoga Investment has a fifty-two week low of $21.56 and a fifty-two week high of $26.49. The company has a market cap of $337.71 million, a PE ratio of 15.99 and a beta of 1.33. The business’s 50 day simple moving average is $24.44 and its 200-day simple moving average is $23.66.

Saratoga Investment Dividend Announcement

The business also recently disclosed a None dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, December 4th were given a dividend of $1.09 per share. This represents a yield of 11.9%. The ex-dividend date was Wednesday, December 4th. Saratoga Investment’s payout ratio is currently 193.46%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Compass Point increased their price target on shares of Saratoga Investment from $24.75 to $26.25 and gave the company a “buy” rating in a report on Friday, October 11th. LADENBURG THALM/SH SH cut shares of Saratoga Investment from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th. Oppenheimer upped their price objective on 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, B. Riley reissued a “neutral” rating and issued a $25.00 target price on shares of Saratoga Investment in a research report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.42.

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.