Saratoga Investment (NYSE:SAR) Lowered to “Market Perform” at Oppenheimer

Saratoga Investment (NYSE:SAR) was downgraded by investment analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, FinViz reports.

A number of other research firms also recently issued reports on SAR. StockNews.com downgraded shares of Saratoga Investment from a “hold” rating to a “sell” rating in a research report on Tuesday. Compass Point cut Saratoga Investment from a “buy” rating to a “neutral” rating and set a $24.75 price target for the company. in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Saratoga Investment currently has a consensus rating of “Hold” and a consensus price target of $26.58.

Saratoga Investment Stock Down 1.1 %

SAR opened at $23.46 on Wednesday. The firm has a 50 day moving average price of $23.19 and a 200 day moving average price of $24.09. The company has a market cap of $320.23 million, a PE ratio of 12.09 and a beta of 1.28. Saratoga Investment has a 1 year low of $22.35 and a 1 year high of $28.87. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 0.07.

Hedge Funds Weigh In On Saratoga Investment

Institutional investors and hedge funds have recently made changes to their positions in the business. Alpine Global Management LLC purchased a new position in shares of Saratoga Investment during the 3rd quarter valued at approximately $1,336,000. International Assets Investment Management LLC boosted its stake in shares of Saratoga Investment by 2,604.0% during the 4th quarter. International Assets Investment Management LLC now owns 86,042 shares of the financial services provider’s stock valued at $2,225,000 after buying an additional 82,860 shares during the last quarter. Virtus ETF Advisers LLC boosted its stake in shares of Saratoga Investment by 128.0% during the 3rd quarter. Virtus ETF Advisers LLC now owns 21,088 shares of the financial services provider’s stock valued at $542,000 after buying an additional 11,838 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Saratoga Investment by 97.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 17,383 shares of the financial services provider’s stock valued at $447,000 after buying an additional 8,563 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Saratoga Investment during the 3rd quarter valued at approximately $775,000. 19.09% of the stock is currently owned by hedge funds and other institutional investors.

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.