Saratoga Investment (NYSE:SAR) Announces Quarterly Earnings Results

Saratoga Investment (NYSE:SAR) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53, FiscalAI reports. The firm had revenue of $6.85 million during the quarter, compared to the consensus estimate of $30.85 million. Saratoga Investment had a net margin of 30.61% and a return on equity of 9.19%.

Saratoga Investment Stock Performance

Shares of NYSE SAR traded down $0.55 during midday trading on Tuesday, hitting $23.34. The company’s stock had a trading volume of 108,279 shares, compared to its average volume of 106,421. The stock has a fifty day moving average price of $22.59 and a 200 day moving average price of $22.80. Saratoga Investment has a one year low of $20.78 and a one year high of $25.64. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $378.59 million, a price-to-earnings ratio of 9.57 and a beta of 0.55.

Saratoga Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 4th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 12.9%. Saratoga Investment’s payout ratio is 122.95%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Saratoga Investment in a report on Friday, March 27th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Saratoga Investment currently has a consensus rating of “Hold” and a consensus price target of $23.63.

Institutional Trading of Saratoga Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Lido Advisors LLC boosted its holdings in Saratoga Investment by 6.2% in the 3rd quarter. Lido Advisors LLC now owns 197,873 shares of the financial services provider’s stock valued at $4,826,000 after purchasing an additional 11,620 shares during the period. Private Advisor Group LLC increased its holdings in shares of Saratoga Investment by 3.2% in the fourth quarter. Private Advisor Group LLC now owns 163,359 shares of the financial services provider’s stock worth $3,769,000 after purchasing an additional 5,073 shares during the period. LPL Financial LLC increased its holdings in shares of Saratoga Investment by 4.6% in the fourth quarter. LPL Financial LLC now owns 113,727 shares of the financial services provider’s stock worth $2,624,000 after purchasing an additional 4,998 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Saratoga Investment by 7.0% in the third quarter. Ameriprise Financial Inc. now owns 71,549 shares of the financial services provider’s stock worth $1,746,000 after purchasing an additional 4,650 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of Saratoga Investment by 4.5% in the first quarter. Royal Bank of Canada now owns 23,476 shares of the financial services provider’s stock worth $595,000 after purchasing an additional 1,018 shares during the period. Institutional investors own 19.09% of the company’s stock.

Saratoga Investment Company Profile

Saratoga Investment Corp. is a closed-end, externally managed investment company that seeks to generate current income and total return through a diversified portfolio of private U.S. companies. Trading on the New York Stock Exchange under the ticker SAR, the firm primarily targets middle-market businesses across a broad range of industries, including industrials, healthcare, consumer products, financial services and technology. Its investment approach combines debt and equity instruments, providing flexible capital solutions such as first-lien and second-lien secured loans, mezzanine debt, preferred equity and common equity positions.

As an actively managed vehicle, Saratoga Investment works closely with portfolio companies’ management teams to support growth initiatives, operational improvements, and strategic transactions.