Saratoga Investment (NYSE:SAR) Rating Lowered to Market Perform at Oppenheimer

Saratoga Investment (NYSE:SAR) was downgraded by equities research analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a report released on Wednesday, Briefing.com reports.

Several other research analysts have also commented on the stock. Compass Point lowered shares of Saratoga Investment from a “buy” rating to a “neutral” rating and set a $24.75 price target on the stock. in a report on Wednesday, January 10th. StockNews.com downgraded shares of Saratoga Investment from a “hold” rating to a “sell” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $26.58.

Saratoga Investment Stock Down 1.1 %

Shares of NYSE:SAR opened at $23.46 on Wednesday. Saratoga Investment has a 1 year low of $22.35 and a 1 year high of $28.87. The stock has a 50-day simple moving average of $23.19 and a 200-day simple moving average of $24.09. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market capitalization of $320.23 million, a P/E ratio of 12.09 and a beta of 1.28.

Institutional Investors Weigh In On Saratoga Investment

A number of hedge funds have recently added to or reduced their stakes in SAR. Commonwealth Equity Services LLC lifted its stake in Saratoga Investment by 56.8% in the third quarter. Commonwealth Equity Services LLC now owns 19,040 shares of the financial services provider’s stock valued at $489,000 after buying an additional 6,895 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Saratoga Investment by 2.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 82,974 shares of the financial services provider’s stock valued at $2,132,000 after buying an additional 2,192 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Saratoga Investment by 38.7% during the third quarter. Private Advisor Group LLC now owns 82,324 shares of the financial services provider’s stock valued at $2,116,000 after purchasing an additional 22,950 shares in the last quarter. Jump Financial LLC raised its stake in shares of Saratoga Investment by 23.5% during the third quarter. Jump Financial LLC now owns 12,601 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 2,401 shares in the last quarter. Finally, Barclays PLC bought a new stake in shares of Saratoga Investment during the third quarter valued at about $37,000. 19.09% of the stock is currently owned by institutional investors.

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.