Saratoga Investment (NYSE:SAR) Releases Earnings Results

Saratoga Investment (NYSE:SAR) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.08, Zacks reports. Saratoga Investment had a return on equity of 15.88% and a net margin of 13.64%.

Saratoga Investment Stock Performance

Shares of NYSE:SAR traded up $0.26 during midday trading on Wednesday, hitting $24.47. The company had a trading volume of 80,999 shares, compared to its average volume of 49,572. The company has a market cap of $337.71 million, a price-to-earnings ratio of 15.99 and a beta of 1.33. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.22 and a quick ratio of 0.22. The company has a fifty day moving average of $24.44 and a two-hundred day moving average of $23.66. Saratoga Investment has a 12-month low of $21.56 and a 12-month high of $26.49.

Saratoga Investment Dividend Announcement

The firm also recently disclosed a None dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th were given a dividend of $1.09 per share. This represents a dividend yield of 11.9%. The ex-dividend date was Wednesday, December 4th. Saratoga Investment’s payout ratio is 193.46%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SAR shares. Oppenheimer raised their price target on shares of Saratoga Investment from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Thursday, October 10th. LADENBURG THALM/SH SH downgraded shares of Saratoga Investment from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. B. Riley reissued a “neutral” rating and set a $25.00 price target on shares of Saratoga Investment in a report on Thursday, October 10th. Finally, Compass Point lifted their price objective on Saratoga Investment from $24.75 to $26.25 and gave the stock a “buy” rating in a report on Friday, October 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.42.

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.