Somewhat Positive News Coverage Somewhat Unlikely to Impact Saratoga Investment Corp (SAR) Share Price
Media stories about Saratoga Investment Corp (NYSE:SAR) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Saratoga Investment Corp earned a news impact score of 0.24 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.7699136537693 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several research firms recently issued reports on SAR. Royal Bank Of Canada reiterated an “outperform” rating on shares of Saratoga Investment Corp in a report on Thursday, September 7th. Maxim Group began coverage on Saratoga Investment Corp in a report on Thursday, September 7th. They issued a “buy” rating and a $23.00 price target on the stock. National Securities began coverage on Saratoga Investment Corp in a report on Tuesday, August 29th. They issued a “neutral” rating and a $23.00 price target on the stock. Finally, Zacks Investment Research upgraded Saratoga Investment Corp from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a report on Thursday, July 27th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $23.33.
Shares of Saratoga Investment Corp (NYSE SAR) traded down 0.9925% during trading on Monday, reaching $21.2569. The company’s stock had a trading volume of 7,370 shares. The firm has a market cap of $126.84 million, a PE ratio of 13.4623 and a beta of 0.51. Saratoga Investment Corp has a 12 month low of $17.17 and a 12 month high of $23.78. The company’s 50 day moving average price is $21.10 and its 200 day moving average price is $21.57.
Saratoga Investment Corp (NYSE:SAR) last issued its quarterly earnings results on Wednesday, July 12th. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.14. The company had revenue of $8.71 million during the quarter. Saratoga Investment Corp had a return on equity of 8.03% and a net margin of 26.84%. On average, equities analysts predict that Saratoga Investment Corp will post $1.62 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Friday, September 15th will be paid a $0.48 dividend. This is a boost from Saratoga Investment Corp’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, September 14th. This represents a $1.92 annualized dividend and a dividend yield of 8.94%. Saratoga Investment Corp’s dividend payout ratio is presently 121.52%.
Saratoga Investment Corp Company Profile
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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