Saratoga Investment (NYSE:SAR) Announces Earnings Results

Saratoga Investment (NYSE:SAR) released its quarterly earnings data on Thursday. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.47 by $0.10, Fidelity Earnings reports. Saratoga Investment had a return on equity of 8.30% and a net margin of 67.27%.

SAR opened at $22.62 on Friday. The firm has a market cap of $252.76 million, a P/E ratio of 6.13 and a beta of 1.62. Saratoga Investment has a 52-week low of $5.94 and a 52-week high of $28.70. The business’s fifty day moving average is $21.29 and its 200-day moving average is $18.53.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 10th. Stockholders of record on Tuesday, January 26th will be issued a dividend of $0.42 per share. This is a positive change from Saratoga Investment’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 7.43%. The ex-dividend date of this dividend is Monday, January 25th. Saratoga Investment’s dividend payout ratio is 65.86%.

SAR has been the subject of several recent analyst reports. Janney Montgomery Scott raised Saratoga Investment from a “neutral” rating to a “buy” rating in a report on Thursday. TheStreet raised Saratoga Investment from a “c” rating to a “b-” rating in a report on Tuesday, October 13th. LADENBURG THALM/SH SH increased their price objective on Saratoga Investment from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday. B. Riley reissued a “buy” rating on shares of Saratoga Investment in a report on Tuesday, November 24th. Finally, Zacks Investment Research downgraded Saratoga Investment from a “buy” rating to a “hold” rating in a report on Tuesday, November 10th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $21.79.

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.

Further Reading: Understanding Price to Earnings Ratio (PE)

Earnings History for Saratoga Investment (NYSE:SAR)

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