Saratoga Investment (NYSE:SAR) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Saratoga Investment (NYSE:SAR) announced its quarterly earnings results on Thursday. The financial services provider reported $0.57 EPS for the quarter, topping the Thomson Reuters’ 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 stock opened at $22.62 on Friday. Saratoga Investment has a 1 year low of $5.94 and a 1 year high of $28.70. The stock’s 50 day moving average price is $21.29 and its 200 day moving average price is $18.53. The firm has a market cap of $252.76 million, a P/E ratio of 6.13 and a beta of 1.62.

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

Several equities research analysts have recently commented on SAR shares. B. Riley reissued a “buy” rating on shares of Saratoga Investment in a research note on Tuesday, November 24th. TheStreet raised Saratoga Investment from a “c” rating to a “b-” rating in a research note on Tuesday, October 13th. LADENBURG THALM/SH SH boosted their price target on Saratoga Investment from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday. ValuEngine raised Saratoga Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, December 1st. Finally, Janney Montgomery Scott raised Saratoga Investment from a “neutral” rating to a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Saratoga Investment presently has an average rating of “Buy” and an average target price 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.

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Earnings History for Saratoga Investment (NYSE:SAR)

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