Saratoga Investment (NYSE:SAR) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, January 10th. Analysts expect Saratoga Investment to post earnings of $0.54 per share for the quarter.
Saratoga Investment (SAR) opened at $22.39 on Tuesday. Saratoga Investment has a 52-week low of $19.90 and a 52-week high of $23.78. The stock has a market capitalization of $132.80, a P/E ratio of 12.30 and a beta of 0.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.11 and a quick ratio of 0.11.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Friday, December 15th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 8.75%. This is a positive change from Saratoga Investment’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, December 14th. Saratoga Investment’s dividend payout ratio is presently 107.69%.
A number of equities analysts have issued reports on the company. ValuEngine raised Saratoga Investment from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised Saratoga Investment from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research report on Friday, October 20th. National Securities reaffirmed a “neutral” rating and issued a $23.00 target price on shares of Saratoga Investment in a research report on Monday, October 16th. Maxim Group upped their target price on Saratoga Investment to $24.00 and gave the company a “buy” rating in a research report on Tuesday, October 17th. They noted that the move was a valuation call. Finally, Janney Montgomery Scott assumed coverage on Saratoga Investment in a research report on Friday, October 6th. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $24.33.
Saratoga Investment 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.
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