Larson Financial Group LLC Has $250,000 Stock Position in Saratoga Investment Corp. (NYSE:SAR)

Larson Financial Group LLC boosted its position in Saratoga Investment Corp. (NYSE:SAR) by 5.6% during the 4th quarter, Holdings Channel reports. The fund owned 9,664 shares of the financial services provider’s stock after buying an additional 512 shares during the period. Larson Financial Group LLC’s holdings in Saratoga Investment were worth $250,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SAR. C M Bidwell & Associates Ltd. acquired a new position in shares of Saratoga Investment during the third quarter worth approximately $36,000. Barclays PLC acquired a new stake in Saratoga Investment in the 3rd quarter valued at $37,000. Quantbot Technologies LP increased its stake in Saratoga Investment by 170.6% during the 3rd quarter. Quantbot Technologies LP now owns 6,565 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 4,139 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings in Saratoga Investment by 6.9% during the third quarter. Atria Wealth Solutions Inc. now owns 11,655 shares of the financial services provider’s stock worth $300,000 after buying an additional 750 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in shares of Saratoga Investment by 23.5% in the third quarter. Jump Financial LLC now owns 12,601 shares of the financial services provider’s stock valued at $324,000 after buying an additional 2,401 shares in the last quarter. Institutional investors and hedge funds own 19.09% of the company’s stock.

Saratoga Investment Stock Performance

Shares of SAR stock opened at $23.15 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a 50-day moving average of $23.17 and a 200-day moving average of $24.11. Saratoga Investment Corp. has a one year low of $22.35 and a one year high of $28.87. The company has a market cap of $316.00 million, a P/E ratio of 11.93 and a beta of 1.32.

Saratoga Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were paid a $0.73 dividend. This is a positive change from Saratoga Investment’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.92 annualized dividend and a yield of 12.61%. Saratoga Investment’s dividend payout ratio (DPR) is 150.52%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Compass Point downgraded shares of Saratoga Investment from a “buy” rating to a “neutral” rating and set a $24.75 target price for the company. in a research report on Wednesday, January 10th. B. Riley downgraded Saratoga Investment from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. in a research note on Monday, January 8th. Finally, StockNews.com raised Saratoga Investment from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.75.

Saratoga Investment 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.