Saratoga Investment (NYSE:SAR) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Saratoga Investment (NYSE:SAR) issued its earnings results on Wednesday. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03, Morningstar.com reports. The company had revenue of $12.75 million for the quarter, compared to analyst estimates of $12.21 million. Saratoga Investment had a net margin of 44.66% and a return on equity of 10.92%.

Shares of NYSE:SAR opened at $24.58 on Friday. The firm has a market cap of $181.19 million, a P/E ratio of 9.35 and a beta of 0.64. The company has a 50 day moving average price of $24.38. Saratoga Investment has a fifty-two week low of $18.60 and a fifty-two week high of $25.65.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 8.95%. This is an increase from Saratoga Investment’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Wednesday, June 12th. Saratoga Investment’s dividend payout ratio (DPR) is currently 83.65%.

Several large investors have recently made changes to their positions in SAR. PFG Advisors acquired a new stake in shares of Saratoga Investment in the 4th quarter valued at approximately $893,000. Private Portfolio Partners LLC acquired a new stake in shares of Saratoga Investment in the 1st quarter valued at approximately $311,000. Wiley BROS. Aintree Capital LLC acquired a new stake in shares of Saratoga Investment in the 2nd quarter valued at approximately $225,000. Advisors Asset Management Inc. acquired a new stake in Saratoga Investment during the 1st quarter worth approximately $198,000. Finally, Legal & General Group Plc raised its holdings in Saratoga Investment by 33.0% during the 4th quarter. Legal & General Group Plc now owns 32,461 shares of the financial services provider’s stock worth $646,000 after buying an additional 8,054 shares during the period. Institutional investors and hedge funds own 16.66% of the company’s stock.

Several research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a research note on Thursday. LADENBURG THALM/SH SH lowered shares of Saratoga Investment from a “buy” rating to a “neutral” rating and set a $24.00 target price on the stock. in a research note on Friday, May 10th. They noted that the move was a valuation call. National Securities reaffirmed a “neutral” rating and issued a $24.00 target price on shares of Saratoga Investment in a research note on Friday, May 17th. Finally, Compass Point lowered shares of Saratoga Investment from a “buy” rating to a “neutral” rating in a research note on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.00.

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.

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Earnings History for Saratoga Investment (NYSE:SAR)

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