Saratoga Investment (NYSE:SAR) Releases Earnings Results, Beats Expectations By $0.08 EPS

Saratoga Investment (NYSE:SAR) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.08, Zacks reports. Saratoga Investment had a return on equity of 15.88% and a net margin of 13.64%.

Saratoga Investment Trading Up 1.1 %

NYSE:SAR opened at $24.47 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.22 and a quick ratio of 0.22. The company has a market cap of $337.71 million, a P/E ratio of 15.99 and a beta of 1.33. Saratoga Investment has a 1 year low of $21.56 and a 1 year high of $26.49. The stock’s fifty day moving average price is $24.44 and its two-hundred day moving average price is $23.66.

Saratoga Investment Announces Dividend

The business also recently announced a None dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 4th were given a dividend of $1.09 per share. This represents a dividend yield of 11.9%. The ex-dividend date was Wednesday, December 4th. Saratoga Investment’s dividend payout ratio is currently 193.46%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SAR shares. Oppenheimer upped their target price on Saratoga Investment from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Thursday, October 10th. B. Riley restated a “neutral” rating and set a $25.00 price objective on shares of Saratoga Investment in a report on Thursday, October 10th. Compass Point increased their target price on Saratoga Investment from $24.75 to $26.25 and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, LADENBURG THALM/SH SH downgraded Saratoga Investment from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Saratoga Investment has an average rating of “Hold” and an average price target of $25.42.

Saratoga Investment Company Profile

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.