B. Riley Financial Has Lowered Expectations for Saratoga Investment (NYSE:SAR) Stock Price

Saratoga Investment (NYSE:SAR) had its price objective dropped by stock analysts at B. Riley Financial from $23.00 to $22.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. B. Riley Financial’s price objective points to a potential upside of 21.21% from the company’s current price.

A number of other analysts have also issued reports on SAR. Wall Street Zen lowered Saratoga Investment from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Saratoga Investment in a report on Wednesday, June 24th. Finally, Oppenheimer lowered their price objective on Saratoga Investment from $22.00 to $21.00 and set a “market perform” rating for the company in a research note on Thursday. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Saratoga Investment has an average rating of “Reduce” and an average target price of $21.50.

Saratoga Investment Price Performance

SAR opened at $18.15 on Thursday. Saratoga Investment has a twelve month low of $17.34 and a twelve month high of $25.64. The firm has a market cap of $296.03 million, a price-to-earnings ratio of 18.15 and a beta of 0.54. The company has a current ratio of 0.09, a quick ratio of 0.04 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $22.02 and a 200 day simple moving average of $22.60.

Saratoga Investment (NYSE:SAR) last issued its quarterly earnings data on Tuesday, July 7th. The financial services provider reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). The firm had revenue of ($12.15) million during the quarter, compared to analyst estimates of $31.38 million. Saratoga Investment had a return on equity of 8.76% and a net margin of 12.70%. Equities research analysts expect that Saratoga Investment will post 2.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Saratoga Investment

A number of institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new position in shares of Saratoga Investment during the third quarter worth about $25,000. Quantbot Technologies LP acquired a new stake in Saratoga Investment during the third quarter valued at approximately $36,000. Advisory Services Network LLC acquired a new stake in Saratoga Investment during the third quarter valued at approximately $45,000. Kestra Advisory Services LLC bought a new position in Saratoga Investment during the 4th quarter worth approximately $46,000. Finally, Daytona Street Capital LLC acquired a new position in shares of Saratoga Investment in the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 19.09% of the company’s stock.

Saratoga Investment Company Profile

Saratoga Investment Corp. is a closed-end, externally managed investment company that seeks to generate current income and total return through a diversified portfolio of private U.S. companies. Trading on the New York Stock Exchange under the ticker SAR, the firm primarily targets middle-market businesses across a broad range of industries, including industrials, healthcare, consumer products, financial services and technology. Its investment approach combines debt and equity instruments, providing flexible capital solutions such as first-lien and second-lien secured loans, mezzanine debt, preferred equity and common equity positions.

As an actively managed vehicle, Saratoga Investment works closely with portfolio companies’ management teams to support growth initiatives, operational improvements, and strategic transactions.