Saratoga Investment Corp. (NYSE:SAR) Stock Position Boosted by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. grew its stake in shares of Saratoga Investment Corp. (NYSE:SAR) by 4.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 144,817 shares of the financial services provider’s stock after acquiring an additional 6,632 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Saratoga Investment were worth $3,464,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SAR. JPMorgan Chase & Co. bought a new position in shares of Saratoga Investment in the third quarter valued at approximately $116,000. B. Riley Wealth Advisors Inc. boosted its stake in Saratoga Investment by 8.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 9,885 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 770 shares in the last quarter. PVG Asset Management Corp acquired a new position in shares of Saratoga Investment during the 3rd quarter valued at $236,000. Commonwealth Equity Services LLC raised its stake in shares of Saratoga Investment by 8.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 22,224 shares of the financial services provider’s stock worth $505,000 after buying an additional 1,677 shares in the last quarter. Finally, Next Level Private LLC lifted its holdings in shares of Saratoga Investment by 20.3% in the third quarter. Next Level Private LLC now owns 39,154 shares of the financial services provider’s stock valued at $908,000 after buying an additional 6,619 shares during the period. 19.09% of the stock is currently owned by institutional investors.

Saratoga Investment Price Performance

SAR stock opened at $24.92 on Friday. Saratoga Investment Corp. has a one year low of $21.56 and a one year high of $26.49. The firm has a 50-day moving average of $24.58 and a two-hundred day moving average of $23.73. The firm has a market capitalization of $357.53 million, a PE ratio of 10.05 and a beta of 1.33. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.14.

Saratoga Investment (NYSE:SAR) last issued its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.82 by $0.08. Saratoga Investment had a net margin of 22.01% and a return on equity of 15.53%. On average, analysts forecast that Saratoga Investment Corp. will post 3.87 earnings per share for the current year.

Saratoga Investment Announces Dividend

The firm also recently announced a None dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th were given a $1.09 dividend. The ex-dividend date was Wednesday, December 4th. This represents a dividend yield of 11.9%. Saratoga Investment’s dividend payout ratio (DPR) is presently 119.35%.

Analyst Upgrades and Downgrades

SAR has been the topic of a number of research analyst reports. LADENBURG THALM/SH SH lowered Saratoga Investment from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th. B. Riley reaffirmed a “neutral” rating and issued a $25.00 price objective on shares of Saratoga Investment in a research note on Thursday, October 10th. Compass Point dropped their target price on shares of Saratoga Investment from $26.25 to $25.25 and set a “buy” rating on the stock in a report on Monday. Oppenheimer raised their target price on shares of Saratoga Investment from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Thursday, October 10th. Finally, StockNews.com raised Saratoga Investment from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $25.08.

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.