Saratoga Investment (NYSE:SAR) Downgraded by StockNews.com to Hold

Saratoga Investment (NYSE:SAR) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Separately, Compass Point dropped their price target on shares of Saratoga Investment from $26.25 to $25.25 and set a “buy” rating on the stock in a research note on Monday, January 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.08.

Saratoga Investment Stock Performance

NYSE SAR traded up $0.01 on Tuesday, hitting $25.34. 104,296 shares of the stock traded hands, compared to its average volume of 82,805. The firm has a market capitalization of $363.46 million, a price-to-earnings ratio of 10.22 and a beta of 1.31. The business’s fifty day moving average is $24.95 and its two-hundred day moving average is $24.45. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.33 and a current ratio of 0.33. Saratoga Investment has a 12 month low of $21.56 and a 12 month high of $26.49.

Saratoga Investment (NYSE:SAR) last announced its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that Saratoga Investment will post 3.93 EPS for the current fiscal year.

Institutional Trading of Saratoga Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. grew its position in shares of Saratoga Investment by 4.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 144,817 shares of the financial services provider’s stock valued at $3,464,000 after purchasing an additional 6,632 shares in the last quarter. Two Sigma Investments LP grew its position in Saratoga Investment by 6.3% during the fourth quarter. Two Sigma Investments LP now owns 128,379 shares of the financial services provider’s stock worth $3,071,000 after buying an additional 7,556 shares in the last quarter. Wells Fargo & Company MN increased its stake in Saratoga Investment by 3.1% in the 4th quarter. Wells Fargo & Company MN now owns 109,784 shares of the financial services provider’s stock worth $2,626,000 after acquiring an additional 3,292 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of Saratoga Investment by 32.1% in the 4th quarter. Lido Advisors LLC now owns 94,981 shares of the financial services provider’s stock valued at $2,272,000 after acquiring an additional 23,089 shares in the last quarter. Finally, Trexquant Investment LP boosted its position in shares of Saratoga Investment by 133.0% during the 4th quarter. Trexquant Investment LP now owns 64,017 shares of the financial services provider’s stock valued at $1,531,000 after acquiring an additional 36,544 shares during the last quarter. Institutional investors own 19.09% 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.