Saratoga Investment (NYSE:SAR) Rating Lowered to “Hold” at StockNews.com

Saratoga Investment (NYSE:SAR) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

SAR has been the subject of a number of other reports. LADENBURG THALM/SH SH cut shares of Saratoga Investment from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. B. Riley reaffirmed a “neutral” rating and set a $25.00 target price on shares of Saratoga Investment in a report on Thursday, October 10th. Compass Point lowered their price target on shares of Saratoga Investment from $26.25 to $25.25 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Oppenheimer boosted their price objective on Saratoga Investment from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Thursday, October 10th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.08.

Saratoga Investment Stock Down 0.1 %

Shares of SAR stock opened at $24.88 on Friday. Saratoga Investment has a 52-week low of $21.56 and a 52-week high of $26.49. The stock has a market cap of $357.06 million, a price-to-earnings ratio of 10.03 and a beta of 1.33. The firm’s 50-day moving average is $24.58 and its 200-day moving average is $23.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.22 and a current ratio of 0.33.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.08. Saratoga Investment had a return on equity of 15.53% and a net margin of 22.01%. Sell-side analysts predict that Saratoga Investment will post 3.87 EPS for the current year.

Institutional Trading of Saratoga Investment

Institutional investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. raised its stake in Saratoga Investment by 8.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 9,885 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 770 shares in the last quarter. Wealthcare Advisory Partners LLC increased its holdings in Saratoga Investment by 2.9% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 32,845 shares of the financial services provider’s stock valued at $786,000 after buying an additional 911 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Saratoga Investment by 8.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 22,224 shares of the financial services provider’s stock valued at $505,000 after buying an additional 1,677 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Saratoga Investment during the 3rd quarter worth approximately $116,000. Finally, Next Level Private LLC lifted its holdings in shares of Saratoga Investment by 20.3% during the 3rd quarter. Next Level Private LLC now owns 39,154 shares of the financial services provider’s stock worth $908,000 after acquiring an additional 6,619 shares during the period. Institutional investors own 19.09% of the company’s stock.

About Saratoga Investment

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.