Analysts Set $18.25 Price Target for Saratoga Investment Corp. (NYSE:SAR)
Saratoga Investment Corp. (NYSE:SAR) has been assigned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. Saratoga Investment Corp.’s rating score has declined by 100% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus price target of $18.25 for the company, according to Zacks. Zacks has also assigned Saratoga Investment Corp. an industry rank of 226 out of 265 based on the ratings given to related companies.
A number of research analysts recently commented on SAR shares. Zacks Investment Research cut Saratoga Investment Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Compass Point started coverage on Saratoga Investment Corp. in a research note on Tuesday, July 26th. They issued a “neutral” rating and a $18.00 target price on the stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Black Diamond Capital Management L.L.C. boosted its position in shares of Saratoga Investment Corp. by 0.4% in the second quarter. Black Diamond Capital Management L.L.C. now owns 604,510 shares of the company’s stock worth $10,204,000 after buying an additional 2,307 shares during the period. Foundry Partners LLC boosted its position in shares of Saratoga Investment Corp. by 1.9% in the second quarter. Foundry Partners LLC now owns 98,742 shares of the company’s stock worth $1,669,000 after buying an additional 1,804 shares during the period. Relative Value Partners Group LLC boosted its position in shares of Saratoga Investment Corp. by 8.7% in the second quarter. Relative Value Partners Group LLC now owns 86,816 shares of the company’s stock worth $1,432,000 after buying an additional 6,949 shares during the period. Mendon Capital Advisors Corp boosted its position in shares of Saratoga Investment Corp. by 2.7% in the second quarter. Mendon Capital Advisors Corp now owns 55,753 shares of the company’s stock worth $942,000 after buying an additional 1,443 shares during the period. Finally, RMB Capital Management LLC boosted its position in shares of Saratoga Investment Corp. by 32.1% in the first quarter. RMB Capital Management LLC now owns 42,231 shares of the company’s stock worth $662,000 after buying an additional 10,271 shares during the period. 20.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Saratoga Investment Corp. (NYSE:SAR) traded down 0.083% on Wednesday, hitting $18.025. The stock had a trading volume of 6,446 shares. Saratoga Investment Corp. has a 1-year low of $13.41 and a 1-year high of $18.75. The firm has a 50 day moving average of $18.00 and a 200-day moving average of $16.99. The firm has a market capitalization of $103.48 million, a price-to-earnings ratio of 13.522 and a beta of 0.39.
Saratoga Investment Corp. (NYSE:SAR) last released its earnings results on Wednesday, July 13th. The company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.05. Saratoga Investment Corp. had a net margin of 24.83% and a return on equity of 9.23%. Equities analysts predict that Saratoga Investment Corp. will post $1.91 earnings per share for the current year.
The business also recently disclosed a special dividend, which was paid on Monday, September 5th. Stockholders of record on Wednesday, August 24th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, August 22nd. This represents a dividend yield of 9.84%. Saratoga Investment Corp.’s dividend payout ratio (DPR) is currently 129.32%.
About Saratoga Investment Corp.
Saratoga Investment Corp. is a specialty finance company. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in leveraged loans and mezzanine debt issued by private middle-market companies in the United States. Its investment objective is to generate current income and, to a lesser extent, capital appreciation from its investments.
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