Saratoga Investment (NYSE:SAR) Rating Lowered to Sell at StockNews.com
Saratoga Investment (NYSE:SAR – Get Rating) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.
A number of other equities research analysts have also commented on SAR. Compass Point decreased their price target on Saratoga Investment to $29.00 and set a “na” rating on the stock in a research report on Monday, May 16th. Hovde Group decreased their price target on Saratoga Investment to $28.00 in a research report on Friday, May 20th. One investment analyst has rated the stock with a sell rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $29.75.
Shares of SAR traded down $0.27 during mid-day trading on Wednesday, reaching $23.82. The company had a trading volume of 37,639 shares, compared to its average volume of 42,753. Saratoga Investment has a twelve month low of $22.35 and a twelve month high of $30.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.11 and a quick ratio of 0.11. The company’s 50-day moving average is $25.56 and its 200-day moving average is $26.97. The company has a market capitalization of $288.79 million, a P/E ratio of 5.93 and a beta of 1.48.
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Saratoga Investment (NYSE:SAR – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The financial services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). The business had revenue of $18.98 million for the quarter, compared to the consensus estimate of $17.55 million. Saratoga Investment had a return on equity of 7.66% and a net margin of 64.65%. As a group, equities analysts expect that Saratoga Investment will post 2.26 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in SAR. Black Diamond Capital Management L.L.C. bought a new position in Saratoga Investment in the 4th quarter valued at $28,745,000. Private Advisor Group LLC boosted its position in Saratoga Investment by 118.2% in the 1st quarter. Private Advisor Group LLC now owns 31,420 shares of the financial services provider’s stock valued at $857,000 after buying an additional 17,020 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in Saratoga Investment by 645.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 16,747 shares of the financial services provider’s stock valued at $492,000 after buying an additional 14,501 shares during the last quarter. All Season Financial Advisors Inc. acquired a new position in shares of Saratoga Investment in the 4th quarter valued at $332,000. Finally, Two Sigma Advisers LP lifted its stake in shares of Saratoga Investment by 27.6% in the 3rd quarter. Two Sigma Advisers LP now owns 43,500 shares of the financial services provider’s stock valued at $1,250,000 after purchasing an additional 9,400 shares during the period. Hedge funds and other institutional investors own 20.68% of the company’s stock.
About Saratoga Investment (Get Rating)
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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