Saratoga Investment (NYSE:SAR) Given New $25.00 Price Target at Oppenheimer

Saratoga Investment (NYSE:SAR) had its price target hoisted by Oppenheimer from $23.00 to $25.00 in a report issued on Thursday, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Several other analysts have also recently commented on SAR. Compass Point upgraded Saratoga Investment from a neutral rating to a buy rating and set a $24.75 price target for the company in a report on Thursday, July 11th. B. Riley restated a neutral rating and issued a $25.00 price objective on shares of Saratoga Investment in a report on Thursday. Finally, LADENBURG THALM/SH SH cut Saratoga Investment from a buy rating to a neutral rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and an average target price of $25.44.

Saratoga Investment Stock Down 3.6 %

SAR opened at $23.94 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.22 and a quick ratio of 0.07. The stock has a market capitalization of $330.37 million, a price-to-earnings ratio of 15.65 and a beta of 1.32. The business has a 50-day moving average of $23.14 and a two-hundred day moving average of $23.21. Saratoga Investment has a 12 month low of $21.56 and a 12 month high of $27.00.

Saratoga Investment (NYSE:SAR) last posted its quarterly earnings results on Tuesday, July 9th. The financial services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.97 by $0.08. The company had revenue of $38.68 million during the quarter, compared to analysts’ expectations of $36.52 million. Saratoga Investment had a return on equity of 15.88% and a net margin of 13.64%. On average, research analysts expect that Saratoga Investment will post 3.6 earnings per share for the current year.

Saratoga Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Wednesday, September 11th were paid a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 12.36%. Saratoga Investment’s dividend payout ratio (DPR) is currently 193.47%.

Hedge Funds Weigh In On Saratoga Investment

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC grew its position in Saratoga Investment by 2.7% in the second quarter. Private Advisor Group LLC now owns 129,550 shares of the financial services provider’s stock valued at $2,941,000 after acquiring an additional 3,417 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Saratoga Investment by 5.7% in the first quarter. Advisors Asset Management Inc. now owns 126,165 shares of the financial services provider’s stock valued at $2,927,000 after purchasing an additional 6,837 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in Saratoga Investment by 1.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 125,373 shares of the financial services provider’s stock valued at $2,909,000 after purchasing an additional 2,154 shares in the last quarter. Quadrature Capital Ltd increased its stake in Saratoga Investment by 80.3% during the 4th quarter. Quadrature Capital Ltd now owns 100,385 shares of the financial services provider’s stock worth $2,595,000 after buying an additional 44,722 shares during the period. Finally, Next Level Private LLC lifted its holdings in Saratoga Investment by 20.3% in the 3rd quarter. Next Level Private LLC now owns 39,154 shares of the financial services provider’s stock worth $908,000 after buying an additional 6,619 shares in the last quarter. 19.09% of the stock is owned by institutional investors and hedge funds.

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.