Saratoga Investment (NYSE:SAR) Raised to Hold at Zacks Research

Saratoga Investment (NYSE:SAR) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday, Zacks reports.

Several other research analysts also recently weighed in on the stock. Weiss Ratings downgraded shares of Saratoga Investment from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. B. Riley Financial decreased their price target on Saratoga Investment from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Finally, Oppenheimer lowered their price objective on Saratoga Investment from $22.00 to $21.00 and set a “market perform” rating on the stock in a research report on Thursday, July 9th. Six analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.50.

Saratoga Investment Stock Performance

SAR opened at $17.44 on Monday. The firm has a market cap of $280.37 million, a P/E ratio of 17.44 and a beta of 0.54. Saratoga Investment has a 1-year low of $17.34 and a 1-year high of $25.15. The company has a 50 day simple moving average of $19.16 and a two-hundred day simple moving average of $21.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.09 and a quick ratio of 0.09.

Saratoga Investment (NYSE:SAR) last announced its quarterly earnings data on Tuesday, July 7th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). The firm had revenue of $30.78 million during the quarter, compared to analysts’ expectations of $31.38 million. Saratoga Investment had a return on equity of 8.76% and a net margin of 12.70%. Equities analysts forecast that Saratoga Investment will post 1.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Saratoga Investment

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in Saratoga Investment during the third quarter valued at approximately $25,000. Quantbot Technologies LP purchased a new position in Saratoga Investment during the 3rd quarter valued at approximately $36,000. Advisory Services Network LLC bought a new stake in Saratoga Investment in the 3rd quarter worth approximately $45,000. Kestra Advisory Services LLC bought a new stake in Saratoga Investment in the 4th quarter worth approximately $46,000. Finally, Triumph Capital Management raised its holdings in shares of Saratoga Investment by 66.2% during the 2nd quarter. Triumph Capital Management now owns 2,950 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 1,175 shares in the last quarter. 19.09% of the stock is currently owned by hedge funds and other institutional investors.

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.