Saratoga Investment (NYSE:SAR) Stock Rating Upgraded by Wall Street Zen

Saratoga Investment (NYSE:SAR) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also issued reports on SAR. Compass Point reissued a “neutral” rating and set a $18.00 target price on shares of Saratoga Investment in a research note on Thursday. Zacks Research raised shares of Saratoga Investment from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Oppenheimer dropped their price target on shares of Saratoga Investment from $22.00 to $21.00 and set a “market perform” rating on the stock in a research note on Thursday, July 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Saratoga Investment in a report on Friday, October 2nd. Finally, B. Riley Financial reduced their price objective on Saratoga Investment from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday. Five analysts have rated the stock with a Hold rating. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.67.

Saratoga Investment Stock Performance

SAR stock opened at $14.96 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.13 and a current ratio of 0.13. The stock has a market cap of $232.86 million, a P/E ratio of -59.86 and a beta of 0.57. The firm has a 50 day simple moving average of $17.87 and a 200 day simple moving average of $20.32. Saratoga Investment has a 52 week low of $13.78 and a 52 week high of $24.07.

Saratoga Investment (NYSE:SAR) last announced its quarterly earnings data on Tuesday, October 6th. The financial services provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The company had revenue of $31.17 million for the quarter, compared to analysts’ expectations of $31.46 million. Saratoga Investment had a negative net margin of 3.35% and a positive return on equity of 8.66%. Research analysts anticipate that Saratoga Investment will post 1.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Saratoga Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Triumph Capital Management lifted its stake in Saratoga Investment by 66.2% in the second quarter. Triumph Capital Management now owns 2,950 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 1,175 shares during the last quarter. Western Wealth Management LLC bought a new stake in Saratoga Investment in the first quarter worth approximately $70,000. Janney Montgomery Scott LLC bought a new stake in Saratoga Investment in the first quarter worth approximately $224,000. Greenwood Gearhart LLC acquired a new position in shares of Saratoga Investment during the 1st quarter worth $389,000. Finally, Royal Bank of Canada increased its stake in shares of Saratoga Investment by 3.2% during the 1st quarter. Royal Bank of Canada now owns 17,950 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 557 shares during the last quarter. Institutional investors own 19.09% of the company’s stock.

Saratoga Investment Company Profile

Saratoga Investment Corporation (NYSE:SAR) is a business development company that provides financing to lower middle-market companies in the United States. The company seeks to support businesses that may have limited access to traditional bank financing, working with private equity sponsors, management teams and other financial partners.

Through its investment portfolio, Saratoga Investment typically provides senior secured and subordinated debt, including first-lien, unitranche and second-lien loans, as well as mezzanine financing and equity investments.