Saratoga Investment Corp. Plans Quarterly Dividend of $0.74 (NYSE:SAR)

Saratoga Investment Corp. (NYSE:SAR) declared a quarterly dividend on Tuesday, February 18th,RTT News reports. Stockholders of record on Thursday, March 6th will be given a dividend of 0.74 per share by the financial services provider on Tuesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 11.50%. The ex-dividend date of this dividend is Thursday, March 6th.

Saratoga Investment Price Performance

SAR opened at $25.74 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.33 and a current ratio of 0.33. Saratoga Investment has a 52-week low of $21.56 and a 52-week high of $26.49. The stock has a market capitalization of $369.37 million, a PE ratio of 10.38 and a beta of 1.34. The stock’s 50 day moving average price is $24.60 and its 200-day moving average price is $24.08.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share 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%. On average, equities research analysts predict that Saratoga Investment will post 3.93 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Compass Point dropped their target price on Saratoga Investment from $26.25 to $25.25 and set a “buy” rating on the stock in a report on Monday, January 13th. StockNews.com raised Saratoga Investment from a “hold” rating to a “buy” rating in a report on Sunday, January 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.08.

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.