Saratoga Investment (NYSE:SAR) Downgraded to “Neutral” at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH lowered shares of Saratoga Investment (NYSE:SAR) from a buy rating to a neutral rating in a report issued on Thursday morning, MarketBeat.com reports.

A number of other research firms have also recently issued reports on SAR. B. Riley reaffirmed a neutral rating and issued a $25.00 price objective on shares of Saratoga Investment in a research report on Thursday, July 11th. Compass Point raised shares of Saratoga Investment from a neutral rating to a buy rating and set a $24.75 price objective for the company in a research report on Thursday, July 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $25.42.

Saratoga Investment Stock Down 0.5 %

Shares of SAR stock opened at $23.82 on Thursday. Saratoga Investment has a 52-week low of $21.56 and a 52-week high of $27.00. The stock has a market cap of $327.43 million, a price-to-earnings ratio of 19.69 and a beta of 1.32. The firm’s 50-day moving average is $23.16 and its 200-day moving average is $23.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.07 and a current ratio of 0.22.

Saratoga Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Wednesday, September 11th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 12.43%. The ex-dividend date of this dividend was Wednesday, September 11th. Saratoga Investment’s dividend payout ratio is 244.63%.

Institutional Investors Weigh In On Saratoga Investment

Institutional investors have recently modified their holdings of the business. Private Advisor Group LLC raised its stake in Saratoga Investment by 2.7% in the 2nd quarter. Private Advisor Group LLC now owns 129,550 shares of the financial services provider’s stock worth $2,941,000 after purchasing an additional 3,417 shares in the last quarter. Advisors Asset Management Inc. raised its position 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 buying an additional 6,837 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Saratoga Investment by 1.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 125,373 shares of the financial services provider’s stock valued at $2,909,000 after buying an additional 2,154 shares during the period. Quadrature Capital Ltd grew its position in Saratoga Investment by 80.3% during the fourth 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 in the last quarter. Finally, Next Level Private LLC grew its position in Saratoga Investment by 20.3% during the third 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. Institutional investors own 19.09% of the company’s stock.

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.