Saratoga Investment Corp (SAR) to Issue Monthly Dividend of $0.25 on February 23rd

Saratoga Investment Corp (NYSE:SAR) declared a monthly dividend on Thursday, December 11th. Stockholders of record on Wednesday, February 4th will be given a dividend of 0.25 per share by the financial services provider on Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 12.7%. The ex-dividend date of this dividend is Wednesday, February 4th.

Saratoga Investment has increased its dividend payment by an average of 0.1%annually over the last three years. Saratoga Investment has a payout ratio of 90.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Saratoga Investment to earn $2.98 per share next year, which means the company may not be able to cover its $3.00 annual dividend with an expected future payout ratio of 100.7%.

Saratoga Investment Stock Performance

Shares of SAR stock opened at $23.71 on Monday. The firm has a 50-day moving average of $23.15 and a 200-day moving average of $23.64. The company has a market cap of $383.66 million, a P/E ratio of 9.72 and a beta of 0.56. Saratoga Investment has a one year low of $21.10 and a one year high of $26.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.25 and a quick ratio of 0.25.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings data on Wednesday, January 7th. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. The business had revenue of $23.41 million during the quarter, compared to analyst estimates of $31.35 million. Saratoga Investment had a net margin of 30.61% and a return on equity of 9.19%. Equities research analysts forecast that Saratoga Investment will post 3.93 EPS for the current fiscal year.

Institutional Trading of Saratoga Investment

Institutional investors have recently added to or reduced their stakes in the business. Ethos Financial Group LLC lifted its position in Saratoga Investment by 6.8% during the second quarter. Ethos Financial Group LLC now owns 48,596 shares of the financial services provider’s stock valued at $1,205,000 after purchasing an additional 3,089 shares during the period. D.A. Davidson & CO. increased its holdings in Saratoga Investment by 3.6% in the second quarter. D.A. Davidson & CO. now owns 31,109 shares of the financial services provider’s stock valued at $772,000 after buying an additional 1,093 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of Saratoga Investment in the second quarter valued at about $242,000. Lido Advisors LLC lifted its position in Saratoga Investment by 43.1% in the second quarter. Lido Advisors LLC now owns 186,253 shares of the financial services provider’s stock valued at $4,619,000 after buying an additional 56,125 shares during the last quarter. Finally, Laurel Wealth Advisors LLC boosted its stake in shares of Saratoga Investment by 2,380.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 5,977 shares of the financial services provider’s stock valued at $148,000 after buying an additional 5,736 shares during the period. Institutional investors 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.