Brokerages Set Saratoga Investment Corp (SAR) PT at $23.88

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Shares of Saratoga Investment Corp (NYSE:SAR) have been assigned an average rating of “Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $23.88.

SAR has been the subject of several research reports. ValuEngine downgraded shares of Saratoga Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, October 31st. Zacks Investment Research raised shares of Saratoga Investment from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, December 12th. National Securities reissued a “neutral” rating and issued a $24.00 price objective on shares of Saratoga Investment in a research note on Tuesday, January 15th. LADENBURG THALM/SH SH upgraded shares of Saratoga Investment from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 30th. Finally, Maxim Group restated a “buy” rating and issued a $26.00 price target on shares of Saratoga Investment in a research report on Thursday, January 10th.

Shares of NYSE:SAR opened at $23.05 on Monday. The company has a market capitalization of $174.40 million, a P/E ratio of 10.15 and a beta of 0.60. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.07. Saratoga Investment has a one year low of $18.60 and a one year high of $28.30.

Saratoga Investment (NYSE:SAR) last issued its quarterly earnings data on Thursday, January 10th. The financial services provider reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.06). The company had revenue of $12.83 million during the quarter, compared to the consensus estimate of $11.86 million. Saratoga Investment had a net margin of 36.08% and a return on equity of 10.98%. On average, research analysts forecast that Saratoga Investment will post 2.57 earnings per share for the current fiscal year.

In other Saratoga Investment news, CFO Henri J. Steenkamp purchased 1,208 shares of the firm’s stock in a transaction on Tuesday, January 15th. The stock was purchased at an average cost of $22.00 per share, for a total transaction of $26,576.00. Following the transaction, the chief financial officer now owns 9,026 shares in the company, valued at approximately $198,572. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 24.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Valeo Financial Advisors LLC boosted its position in shares of Saratoga Investment by 110.3% during the third quarter. Valeo Financial Advisors LLC now owns 5,720 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 3,000 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Saratoga Investment by 61.2% during 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. Ahrens Investment Partners LLC boosted its position in shares of Saratoga Investment by 31.3% during the third quarter. Ahrens Investment Partners LLC now owns 10,900 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 2,600 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Saratoga Investment during the third quarter worth $211,000. Finally, Belpointe Asset Management LLC boosted its position in shares of Saratoga Investment by 5.6% during 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. Hedge funds and other institutional investors own 16.78% of the company’s stock.

Saratoga Investment Company Profile

Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. It structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity.

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Analyst Recommendations for Saratoga Investment (NYSE:SAR)

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