Saratoga Investment Corp. (SAR) To Go Ex-Dividend on March 6th

Saratoga Investment Corp. (NYSE:SAR) announced a quarterly dividend on Tuesday, February 18th, RTT News reports. Investors of record on Thursday, March 6th will be paid a dividend of 0.74 per share by the financial services provider on Tuesday, March 25th. This represents a $2.96 dividend on an annualized basis and a yield of 11.50%. The ex-dividend date is Thursday, March 6th.

Saratoga Investment Stock Down 1.0 %

Shares of Saratoga Investment stock opened at $25.74 on Tuesday. The firm’s 50 day moving average price is $24.86 and its 200-day moving average price is $24.27. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.14. Saratoga Investment has a 52-week low of $21.56 and a 52-week high of $26.49. The company has a market cap of $369.19 million, a P/E ratio of 10.38 and a beta of 1.34.

Saratoga Investment (NYSE:SAR) last released its earnings results on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share for the quarter, topping 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, sell-side analysts predict that Saratoga Investment will post 3.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SAR. StockNews.com raised shares of Saratoga Investment from a “hold” rating to a “buy” rating in a report on Sunday, January 26th. Compass Point lowered their price target on shares of Saratoga Investment from $26.25 to $25.25 and set a “buy” rating on the stock in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Saratoga Investment presently has an average rating of “Hold” and a consensus price target of $25.08.

About Saratoga Investment

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.