Saratoga Investment (NYSE:SAR) released its quarterly earnings results on Thursday. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.09), Fidelity Earnings reports. Saratoga Investment had a net margin of 50.76% and a return on equity of 10.52%. The business had revenue of $11.40 million during the quarter, compared to the consensus estimate of $10.18 million.

Shares of NYSE:SAR opened at $23.26 on Friday. The stock has a market cap of $172.04 million, a price-to-earnings ratio of 10.25 and a beta of 0.12. Saratoga Investment has a 1-year low of $19.62 and a 1-year high of $28.30.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 27th. Shareholders of record on Monday, September 17th were issued a dividend of $0.52 per share. This is a boost from Saratoga Investment’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a yield of 8.94%. The ex-dividend date of this dividend was Friday, September 14th. Saratoga Investment’s payout ratio is currently 91.63%.

SAR has been the subject of a number of research analyst reports. Compass Point raised Saratoga Investment from a “neutral” rating to a “buy” rating in a report on Monday, July 16th. ValuEngine raised Saratoga Investment from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Zacks Investment Research cut Saratoga Investment from a “buy” rating to a “hold” rating in a report on Thursday, September 13th. National Securities reaffirmed a “neutral” rating and issued a $24.00 price target on shares of Saratoga Investment in a report on Thursday, July 12th. Finally, LADENBURG THALM/SH SH cut Saratoga Investment from a “buy” rating to a “neutral” rating in a report on Monday, July 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.13.

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.

Recommended Story: What is the yield curve?

Earnings History for Saratoga Investment (NYSE:SAR)

Receive News & Ratings for Saratoga Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saratoga Investment and related companies with MarketBeat.com's FREE daily email newsletter.