Saratoga Investment Corp (NYSE:SAR) CEO Christian L. Oberbeck bought 5,000 shares of Saratoga Investment stock in a transaction on Thursday, May 21st. The stock was acquired at an average cost of $14.85 per share, with a total value of $74,250.00.
Shares of SAR traded down $0.09 during mid-day trading on Friday, reaching $14.85. 1,003 shares of the company’s stock were exchanged, compared to its average volume of 147,222. Saratoga Investment Corp has a 52-week low of $5.94 and a 52-week high of $28.70. The company has a market cap of $163.93 million, a price-to-earnings ratio of 2.63 and a beta of 1.69. The company has a 50-day simple moving average of $13.49 and a two-hundred day simple moving average of $21.53.
Saratoga Investment (NYSE:SAR) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $1.84. The firm had revenue of $17.61 million for the quarter, compared to analysts’ expectations of $14.01 million. Saratoga Investment had a return on equity of 9.31% and a net margin of 95.36%. On average, equities research analysts predict that Saratoga Investment Corp will post 2.27 EPS for the current fiscal year.
A number of brokerages have recently issued reports on SAR. ValuEngine upgraded shares of Saratoga Investment from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 14th. Compass Point increased their target price on shares of Saratoga Investment from $15.00 to $16.50 and gave the company a “buy” rating in a report on Friday, May 15th. Maxim Group reissued a “buy” rating and set a $27.00 price target on shares of Saratoga Investment in a research note on Tuesday, May 12th. Aegis reaffirmed a “buy” rating and issued a $18.00 price objective (down from $28.00) on shares of Saratoga Investment in a research note on Tuesday, May 12th. Finally, Zacks Investment Research cut Saratoga Investment from a “hold” rating to a “sell” rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $22.75.
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.
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