Shares of Saratoga Investment Corp (NYSE:SAR) have been given an average rating of “Buy” by the seven ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $24.33.
A number of brokerages have recently issued reports on SAR. Zacks Investment Research upgraded shares of Saratoga Investment Corp from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research note on Friday, October 20th. National Securities restated a “neutral” rating and issued a $23.00 target price on shares of Saratoga Investment Corp in a research note on Monday, October 16th. Maxim Group upped their target price on shares of Saratoga Investment Corp to $24.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. They noted that the move was a valuation call. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Saratoga Investment Corp in a research report on Thursday, September 7th. Finally, Janney Montgomery Scott started coverage on shares of Saratoga Investment Corp in a research report on Friday, October 6th. They set a “neutral” rating for the company.
Shares of Saratoga Investment Corp (NYSE SAR) traded down $0.01 during mid-day trading on Tuesday, reaching $22.36. 8,677 shares of the company’s stock were exchanged, compared to its average volume of 20,022. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market cap of $134.24, a price-to-earnings ratio of 11.53 and a beta of 0.48.
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Hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc boosted its holdings in shares of Saratoga Investment Corp by 2.2% in the first quarter. Legal & General Group Plc now owns 12,749 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 277 shares in the last quarter. UBS Group AG boosted its holdings in shares of Saratoga Investment Corp by 18.5% in the first quarter. UBS Group AG now owns 6,896 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 1,078 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Saratoga Investment Corp by 925.6% in the first quarter. JPMorgan Chase & Co. now owns 10,256 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 9,256 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of Saratoga Investment Corp in the first quarter valued at approximately $213,000. Finally, Northern Trust Corp acquired a new stake in Saratoga Investment Corp during the second quarter valued at approximately $213,000. Hedge funds and other institutional investors own 16.91% of the company’s stock.
About Saratoga Investment Corp
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.
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