Saratoga Investment Corp. (NYSE:SAR) Announces Monthly Dividend of $0.25

Saratoga Investment Corp. (NYSE:SAR) announced a monthly dividend on Wednesday, February 19th,Wall Street Journal reports. Investors of record on Thursday, June 5th will be paid a dividend of 0.25 per share by the financial services provider on Tuesday, June 24th. This represents a $3.00 annualized dividend and a yield of 11.66%. The ex-dividend date of this dividend is Thursday, June 5th. This is a boost from Saratoga Investment’s previous monthly dividend of $0.25.

Saratoga Investment Stock Up 1.5 %

Saratoga Investment stock traded up $0.38 during midday trading on Wednesday, hitting $25.74. The stock had a trading volume of 202,120 shares, compared to its average volume of 108,255. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.14. The stock has a market cap of $369.37 million, a P/E ratio of 10.38 and a beta of 1.34. Saratoga Investment has a 12 month low of $21.56 and a 12 month high of $26.49. The business has a fifty day moving average price of $24.54 and a 200 day moving average price of $24.05.

Saratoga Investment (NYSE:SAR) last posted its earnings results on Wednesday, January 8th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.82 by $0.08. Saratoga Investment had a return on equity of 15.53% and a net margin of 22.01%. Research analysts predict that Saratoga Investment will post 3.93 EPS for the current year.

Analysts Set New Price Targets

SAR has been the subject of several recent research reports. Compass Point lowered their target price on Saratoga Investment from $26.25 to $25.25 and set a “buy” rating for the company in a report on Monday, January 13th. StockNews.com upgraded Saratoga Investment from a “hold” rating to a “buy” rating in a research report on Sunday, January 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Saratoga Investment presently has an average rating of “Hold” and a consensus target price of $25.08.

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.