Saratoga Investment Corp. Announces None Dividend of $1.09 (NYSE:SAR)

Saratoga Investment Corp. (NYSE:SAR) declared a None dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Wednesday, December 4th will be given a dividend of 1.09 per share by the financial services provider on Thursday, December 19th. The ex-dividend date is Wednesday, December 4th.

Saratoga Investment Trading Up 0.9 %

Shares of NYSE:SAR traded up $0.22 during midday trading on Friday, hitting $24.60. 9,976 shares of the stock were exchanged, compared to its average volume of 75,118. The business’s 50-day moving average price is $23.63 and its 200 day moving average price is $23.33. Saratoga Investment has a 12 month low of $21.56 and a 12 month high of $27.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.22 and a current ratio of 0.22. The stock has a market capitalization of $339.48 million, a price-to-earnings ratio of 15.93 and a beta of 1.31.

Saratoga Investment (NYSE:SAR) last posted its quarterly earnings data on Tuesday, October 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.39. Saratoga Investment had a return on equity of 15.88% and a net margin of 13.64%. The business had revenue of $43.00 million during the quarter, compared to the consensus estimate of $36.84 million. Analysts predict that Saratoga Investment will post 3.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SAR has been the subject of a number of analyst reports. Compass Point lifted their target price on shares of Saratoga Investment from $24.75 to $26.25 and gave the stock a “buy” rating in a research note on Friday, October 11th. LADENBURG THALM/SH SH downgraded Saratoga Investment from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. Oppenheimer raised their price objective on shares of Saratoga Investment from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Thursday, October 10th. Finally, B. Riley reiterated a “neutral” rating and set a $25.00 price objective on shares of Saratoga Investment in a report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.42.

About Saratoga Investment

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.