Analysts Set Saratoga Investment Corp. (NYSE:SAR) Price Target at $26.75

Saratoga Investment Corp. (NYSE:SAR) has been assigned an average recommendation of “Hold” from the five analysts that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $26.75.

A number of equities analysts recently issued reports on SAR shares. Compass Point cut shares of Saratoga Investment from a “buy” rating to a “neutral” rating and set a $24.75 price target on the stock. in a research note on Wednesday, January 10th. B. Riley cut shares of Saratoga Investment from a “buy” rating to a “neutral” rating and set a $28.00 price target on the stock. in a research note on Monday, January 8th. Finally, StockNews.com upgraded shares of Saratoga Investment from a “sell” rating to a “hold” rating in a research note on Friday, April 5th.

Hedge Funds Weigh In On Saratoga Investment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alpine Global Management LLC bought a new position in Saratoga Investment during the 3rd quarter valued at about $1,336,000. International Assets Investment Management LLC lifted its stake in Saratoga Investment by 2,604.0% during the 4th quarter. International Assets Investment Management LLC now owns 86,042 shares of the financial services provider’s stock valued at $2,225,000 after acquiring an additional 82,860 shares during the period. Virtus ETF Advisers LLC lifted its stake in Saratoga Investment by 128.0% during the 3rd quarter. Virtus ETF Advisers LLC now owns 21,088 shares of the financial services provider’s stock valued at $542,000 after acquiring an additional 11,838 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Saratoga Investment by 97.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 17,383 shares of the financial services provider’s stock worth $447,000 after purchasing an additional 8,563 shares during the period. Finally, Trexquant Investment LP bought a new position in shares of Saratoga Investment in the 3rd quarter worth approximately $775,000. Institutional investors own 19.09% of the company’s stock.

Saratoga Investment Stock Up 0.7 %

NYSE:SAR opened at $23.15 on Friday. The firm’s 50-day moving average price is $23.17 and its 200-day moving average price is $24.11. The company has a market capitalization of $316.00 million, a PE ratio of 11.94 and a beta of 1.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.07 and a quick ratio of 0.07. Saratoga Investment has a 1-year low of $22.35 and a 1-year high of $28.87.

Saratoga Investment Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.73 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.92 annualized dividend and a yield of 12.61%. This is a boost from Saratoga Investment’s previous quarterly dividend of $0.72. Saratoga Investment’s dividend payout ratio is currently 150.52%.

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.