Wealthcare Advisory Partners LLC Grows Position in Saratoga Investment Corp. (NYSE:SAR)

Wealthcare Advisory Partners LLC boosted its stake in Saratoga Investment Corp. (NYSE:SAR) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,845 shares of the financial services provider’s stock after buying an additional 911 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Saratoga Investment were worth $786,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in shares of Saratoga Investment by 2,268.4% in the 3rd quarter. International Assets Investment Management LLC now owns 112,238 shares of the financial services provider’s stock valued at $2,603,000 after acquiring an additional 107,499 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in Saratoga Investment in the third quarter valued at approximately $1,450,000. Hennion & Walsh Asset Management Inc. raised its position in Saratoga Investment by 14.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 138,185 shares of the financial services provider’s stock valued at $3,205,000 after purchasing an additional 17,379 shares during the period. PVG Asset Management Corp acquired a new position in Saratoga Investment during the third quarter worth $236,000. Finally, Next Level Private LLC boosted its position in shares of Saratoga Investment by 20.3% during the third quarter. Next Level Private LLC now owns 39,154 shares of the financial services provider’s stock worth $908,000 after buying an additional 6,619 shares during the period. Institutional investors and hedge funds own 19.09% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com downgraded Saratoga Investment from a “buy” rating to a “hold” rating in a report on Saturday. Oppenheimer increased their price target on shares of Saratoga Investment from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Thursday, October 10th. Compass Point dropped their price objective on shares of Saratoga Investment from $26.25 to $25.25 and set a “buy” rating for the company in a report on Monday, January 13th. LADENBURG THALM/SH SH lowered shares of Saratoga Investment from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th. Finally, B. Riley restated a “neutral” rating and issued a $25.00 price target on shares of Saratoga Investment in a research note on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $25.08.

Saratoga Investment Stock Performance

Shares of Saratoga Investment stock opened at $24.88 on Monday. The business has a 50-day simple moving average of $24.58 and a 200-day simple moving average of $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 Corp. has a one year low of $21.56 and a one year high of $26.49. The company has a market cap of $357.06 million, a PE ratio of 10.03 and a beta of 1.33.

Saratoga Investment (NYSE:SAR) last posted its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.82 by $0.08. Saratoga Investment had a net margin of 22.01% and a return on equity of 15.53%. On average, equities research analysts forecast that Saratoga Investment Corp. will post 3.87 EPS for the current fiscal year.

Saratoga Investment Announces Dividend

The firm also recently declared a None dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, December 4th were paid a $1.09 dividend. This represents a yield of 11.9%. The ex-dividend date of this dividend was Wednesday, December 4th. Saratoga Investment’s dividend payout ratio is presently 119.35%.

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.