Shares of Saratoga Investment Corp (NYSE:SAR) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokers have set a one year consensus price objective of $22.00 for the company, according to Zacks. Zacks has also assigned Saratoga Investment Corp an industry rank of 167 out of 265 based on the ratings given to its competitors.
Several analysts have commented on the stock. Zacks Investment Research lowered shares of Saratoga Investment Corp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. TheStreet lowered shares of Saratoga Investment Corp from a “b-” rating to a “c+” rating in a research report on Friday, April 7th.
Shares of Saratoga Investment Corp (SAR) opened at 21.70 on Tuesday. The firm’s 50-day moving average is $21.12 and its 200-day moving average is $21.75. The company has a market capitalization of $129.48 million, a price-to-earnings ratio of 13.74 and a beta of 0.50. Saratoga Investment Corp has a 1-year low of $16.80 and a 1-year high of $23.78.
Saratoga Investment Corp (NYSE:SAR) last released its quarterly earnings results on Wednesday, July 12th. The financial services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.14. The business had revenue of $8.71 million during the quarter. Saratoga Investment Corp had a net margin of 26.84% and a return on equity of 8.03%. Analysts forecast that Saratoga Investment Corp will post $1.68 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG raised its stake in Saratoga Investment Corp by 18.5% in the first quarter. UBS Group AG now owns 6,896 shares of the financial services provider’s stock valued at $150,000 after buying an additional 1,078 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in Saratoga Investment Corp during the first quarter valued at approximately $213,000. JPMorgan Chase & Co. raised its stake in Saratoga Investment Corp by 925.6% in the first quarter. JPMorgan Chase & Co. now owns 10,256 shares of the financial services provider’s stock valued at $222,000 after buying an additional 9,256 shares during the last quarter. Legal & General Group Plc raised its stake in Saratoga Investment Corp by 2.2% in the first quarter. Legal & General Group Plc now owns 12,749 shares of the financial services provider’s stock valued at $277,000 after buying an additional 277 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware raised its stake in Saratoga Investment Corp by 4.9% in the first quarter. Mckinley Capital Management LLC Delaware now owns 28,730 shares of the financial services provider’s stock valued at $623,000 after buying an additional 1,345 shares during the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.
Saratoga Investment Corp Company Profile
Saratoga Investment Corp. is a specialty finance company. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in leveraged loans and mezzanine debt issued by private middle-market companies in the United States. Its investment objective is to generate current income and, to a lesser extent, capital appreciation from its investments.
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