Saratoga Investment Corp. (NYSE:SAR) Announces $1.09 None Dividend

Saratoga Investment Corp. (NYSE:SAR) declared a None dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Wednesday, December 4th will be given a dividend of 1.09 per share by the financial services provider on Thursday, December 19th. The ex-dividend date is Wednesday, December 4th.

Saratoga Investment Stock Up 0.9 %

Shares of SAR traded up $0.22 during midday trading on Friday, reaching $24.60. The stock had a trading volume of 10,097 shares, compared to its average volume of 75,128. The company has a market cap of $339.48 million, a price-to-earnings ratio of 16.08 and a beta of 1.31. The company’s fifty day simple moving average is $23.63 and its two-hundred day simple moving average is $23.33. Saratoga Investment has a 1-year low of $21.56 and a 1-year high of $27.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.22 and a quick ratio of 0.22.

Saratoga Investment (NYSE:SAR) last announced its quarterly earnings results on Tuesday, October 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.39. Saratoga Investment had a return on equity of 15.88% and a net margin of 13.64%. The company had revenue of $43.00 million during the quarter, compared to the consensus estimate of $36.84 million. Equities research analysts expect that Saratoga Investment will post 3.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Compass Point increased their price target on shares of Saratoga Investment from $24.75 to $26.25 and gave the company a “buy” rating in a research note on Friday, October 11th. B. Riley reiterated a “neutral” rating and set a $25.00 price target on shares of Saratoga Investment in a research note on Thursday, October 10th. Oppenheimer boosted their price target on shares of Saratoga Investment from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Thursday, October 10th. Finally, LADENBURG THALM/SH SH lowered Saratoga Investment from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Saratoga Investment presently has a consensus rating of “Hold” and an average target price of $25.42.

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.