Saratoga Investment (SAR) to Release Earnings on Wednesday

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%.

An institutional investor recently bought a new position in Saratoga Investment stock. Northern Trust Corp bought a new stake in Saratoga Investment Corp (NYSE:SAR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,213 shares of the financial services provider’s stock, valued at approximately $213,000. Northern Trust Corp owned approximately 0.17% of Saratoga Investment as of its most recent SEC filing. Institutional investors own 17.36% of the company’s stock.

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.

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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.

Earnings History for Saratoga Investment (NYSE:SAR)

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