Saratoga Investment (SAR) Downgraded to Neutral at Compass Point

Saratoga Investment (NYSE:SAR) was downgraded by research analysts at Compass Point from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, The Fly reports.

SAR has been the topic of a number of other research reports. National Securities reaffirmed a “neutral” rating and set a $24.00 target price on shares of Saratoga Investment in a research note on Tuesday, January 15th. Zacks Investment Research raised Saratoga Investment from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research note on Wednesday, December 26th. Finally, Maxim Group reaffirmed a “buy” rating and set a $26.00 target price on shares of Saratoga Investment in a research note on Thursday, January 10th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Saratoga Investment presently has an average rating of “Buy” and an average target price of $24.00.

SAR opened at $24.45 on Monday. The company has a market cap of $184.35 million, a PE ratio of 10.77 and a beta of 0.63. Saratoga Investment has a one year low of $18.60 and a one year high of $28.30. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.07.

A number of large investors have recently made changes to their positions in the stock. PFG Advisors bought a new position in Saratoga Investment in the fourth quarter worth approximately $837,000. Legal & General Group Plc grew its stake in Saratoga Investment by 33.0% in the fourth quarter. Legal & General Group Plc now owns 32,461 shares of the financial services provider’s stock worth $646,000 after purchasing an additional 8,054 shares in the last quarter. Wells Fargo & Company MN grew its stake in Saratoga Investment by 61.2% in the third quarter. Wells Fargo & Company MN now owns 31,403 shares of the financial services provider’s stock worth $724,000 after purchasing an additional 11,922 shares in the last quarter. BB&T Securities LLC bought a new position in Saratoga Investment in the fourth quarter worth approximately $488,000. Finally, Belpointe Asset Management LLC grew its stake in Saratoga Investment by 5.6% in the third quarter. Belpointe Asset Management LLC now owns 16,154 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 853 shares in the last quarter. 15.86% of the stock is currently owned by institutional investors.

Saratoga Investment Company Profile

Saratoga Investment Corp. is a specialty finance company, which engages in the provision of financing solutions. Its portfolio includes investments in leveraged loans issued by middle market companies. The company was founded on March 21, 2007 and is headquartered in New York, NY.

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