Hennion & Walsh Asset Management Inc. Sells 38,593 Shares of Saratoga Investment Corp $SAR

Hennion & Walsh Asset Management Inc. cut its holdings in Saratoga Investment Corp (NYSE:SAR) by 21.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,470 shares of the financial services provider’s stock after selling 38,593 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Saratoga Investment were worth $3,264,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. BNP Paribas Financial Markets purchased a new position in Saratoga Investment during the 3rd quarter valued at about $25,000. Quantbot Technologies LP purchased a new stake in Saratoga Investment in the third quarter worth about $36,000. Advisory Services Network LLC purchased a new stake in Saratoga Investment in the third quarter worth about $45,000. Osaic Holdings Inc. increased its stake in shares of Saratoga Investment by 24.0% during the second quarter. Osaic Holdings Inc. now owns 6,256 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 1,211 shares in the last quarter. Finally, Aquatic Capital Management LLC increased its stake in shares of Saratoga Investment by 4,814.7% during the third quarter. Aquatic Capital Management LLC now owns 12,729 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 12,470 shares in the last quarter. 19.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research raised Saratoga Investment from a “strong sell” rating to a “hold” rating in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saratoga Investment in a research report on Friday. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $23.63.

Saratoga Investment Stock Performance

Shares of Saratoga Investment stock opened at $21.85 on Wednesday. Saratoga Investment Corp has a 1 year low of $20.78 and a 1 year high of $25.64. The firm’s 50-day moving average is $22.96 and its 200 day moving average is $22.99. The stock has a market cap of $354.33 million, a price-to-earnings ratio of 8.95 and a beta of 0.55. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.25 and a quick ratio of 0.25.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings data on Wednesday, January 7th. The financial services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. The business had revenue of $23.41 million during the quarter, compared to analyst estimates of $31.35 million. Saratoga Investment had a net margin of 30.61% and a return on equity of 9.19%. Sell-side analysts anticipate that Saratoga Investment Corp will post 3.93 EPS for the current fiscal year.

Saratoga Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, June 4th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 13.7%. Saratoga Investment’s dividend payout ratio (DPR) is 122.95%.

Saratoga Investment Company Profile

Saratoga Investment Corp. is a closed-end, externally managed investment company that seeks to generate current income and total return through a diversified portfolio of private U.S. companies. Trading on the New York Stock Exchange under the ticker SAR, the firm primarily targets middle-market businesses across a broad range of industries, including industrials, healthcare, consumer products, financial services and technology. Its investment approach combines debt and equity instruments, providing flexible capital solutions such as first-lien and second-lien secured loans, mezzanine debt, preferred equity and common equity positions.

As an actively managed vehicle, Saratoga Investment works closely with portfolio companies’ management teams to support growth initiatives, operational improvements, and strategic transactions.