Saratoga Investment (NYSE:SAR) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.04), Bloomberg Earnings reports. Saratoga Investment had a net margin of 29.96% and a return on equity of 8.79%.
Shares of Saratoga Investment (NYSE:SAR) traded up $0.44 during midday trading on Wednesday, hitting $22.65. The stock had a trading volume of 51,676 shares, compared to its average volume of 17,733. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.11 and a current ratio of 0.11. Saratoga Investment has a 12-month low of $19.90 and a 12-month high of $23.78. The stock has a market capitalization of $135.99, a P/E ratio of 12.45 and a beta of 0.47.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Friday, December 15th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 8.65%. This is an increase from Saratoga Investment’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, December 14th. Saratoga Investment’s dividend payout ratio is presently 107.69%.
A number of equities analysts recently commented on the company. ValuEngine raised Saratoga Investment from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded Saratoga Investment from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Maxim Group upped their price objective 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. National Securities restated a “neutral” rating and set a $23.00 price objective on shares of Saratoga Investment in a research report on Monday, October 16th. Finally, Compass Point upgraded Saratoga Investment from a “neutral” rating to a “buy” rating in a research report on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $24.33.
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About Saratoga Investment
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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