Saratoga Investment Corp. (NYSE:SAR) has received an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Saratoga Investment Corp.’s rating score has declined by 100% from 90 days ago as a result of various analysts’ ratings changes.
Brokerages have set a twelve-month consensus target price of $18.25 for the company, according to Zacks. Zacks has also assigned Saratoga Investment Corp. an industry rank of 203 out of 265 based on the ratings given to related companies.
Several brokerages have recently commented on SAR. Zacks Investment Research downgraded shares of Saratoga Investment Corp. from a “hold” rating to a “sell” rating in a research note on Friday, September 16th. Compass Point began coverage on shares of Saratoga Investment Corp. in a research note on Tuesday, July 26th. They issued a “neutral” rating and a $18.00 target price on the stock.
Large investors have recently modified their holdings of the stock. Legal & General Group Plc boosted its position in Saratoga Investment Corp. by 2.7% in the second quarter. Legal & General Group Plc now owns 11,712 shares of the company’s stock worth $197,000 after buying an additional 303 shares in the last quarter. Relative Value Partners Group LLC boosted its position in Saratoga Investment Corp. by 8.7% in the second quarter. Relative Value Partners Group LLC now owns 86,816 shares of the company’s stock worth $1,432,000 after buying an additional 6,949 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Saratoga Investment Corp. by 1.5% in the second quarter. Ameriprise Financial Inc. now owns 18,129 shares of the company’s stock worth $306,000 after buying an additional 265 shares in the last quarter. Black Diamond Capital Management L.L.C. boosted its position in Saratoga Investment Corp. by 0.4% in the second quarter. Black Diamond Capital Management L.L.C. now owns 604,510 shares of the company’s stock worth $10,204,000 after buying an additional 2,307 shares in the last quarter. Finally, Mendon Capital Advisors Corp boosted its position in Saratoga Investment Corp. by 2.7% in the second quarter. Mendon Capital Advisors Corp now owns 55,753 shares of the company’s stock worth $942,000 after buying an additional 1,443 shares in the last quarter. Institutional investors own 20.45% of the company’s stock.
Saratoga Investment Corp. (NYSE:SAR) opened at 17.85 on Wednesday. Saratoga Investment Corp. has a 52-week low of $13.41 and a 52-week high of $18.75. The stock’s 50 day moving average is $18.02 and its 200 day moving average is $17.02. The company has a market cap of $102.48 million, a price-to-earnings ratio of 13.39 and a beta of 0.39.
Saratoga Investment Corp. (NYSE:SAR) last posted its quarterly earnings results on Wednesday, July 13th. The company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.05. Saratoga Investment Corp. had a return on equity of 9.23% and a net margin of 24.83%. Equities research analysts forecast that Saratoga Investment Corp. will post $1.91 earnings per share for the current year.
Saratoga Investment Corp. Company Profile
Saratoga Investment Corp. is a specialty finance company. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in leveraged loans and mezzanine debt issued by private middle-market companies in the United States. Its investment objective is to generate current income and, to a lesser extent, capital appreciation from its investments.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Saratoga Investment Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saratoga Investment Corp. and related companies with MarketBeat.com's FREE daily email newsletter.