Compass Point Cuts Saratoga Investment (NYSE:SAR) Price Target to $25.25

Saratoga Investment (NYSE:SAR) had its price target cut by Compass Point from $26.25 to $25.25 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other equities analysts have also weighed in on the company. StockNews.com upgraded Saratoga Investment from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Oppenheimer boosted their price objective on Saratoga Investment from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Thursday, October 10th. B. Riley reiterated a “neutral” rating and set a $25.00 target price on shares of Saratoga Investment in a research report on Thursday, October 10th. Finally, LADENBURG THALM/SH SH lowered shares of Saratoga Investment from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.08.

Saratoga Investment Price Performance

Shares of NYSE SAR opened at $24.89 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.22 and a quick ratio of 0.22. The stock has a market capitalization of $357.07 million, a price-to-earnings ratio of 16.27 and a beta of 1.33. The firm’s 50 day simple moving average is $24.56 and its 200-day simple moving average is $23.72. Saratoga Investment has a 12 month low of $21.56 and a 12 month high of $26.49.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.82 by $0.08. Saratoga Investment had a net margin of 13.64% and a return on equity of 15.88%. Analysts expect that Saratoga Investment will post 3.93 EPS for the current year.

Saratoga Investment Dividend Announcement

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

Institutional Trading of Saratoga Investment

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new position in Saratoga Investment in the 3rd quarter valued at $116,000. Wedbush Securities Inc. lifted its stake in shares of Saratoga Investment by 12.2% in the second quarter. Wedbush Securities Inc. now owns 9,900 shares of the financial services provider’s stock worth $225,000 after buying an additional 1,075 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in Saratoga Investment by 8.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 9,885 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 770 shares during the last quarter. PVG Asset Management Corp purchased a new stake in Saratoga Investment during the 3rd quarter valued at about $236,000. Finally, Commonwealth Equity Services LLC raised its holdings in 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 acquiring an additional 1,677 shares during the last quarter. 19.09% of the stock is owned by institutional investors and hedge funds.

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.