Saratoga Investment (NYSE:SAR) Upgraded to “Buy” at StockNews.com

Saratoga Investment (NYSE:SAR) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Sunday.

Other analysts have also recently issued reports about the stock. Oppenheimer increased their price target on shares of Saratoga Investment from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Thursday, October 10th. B. Riley reissued a “neutral” rating and issued a $25.00 target price on shares of Saratoga Investment in a research note on Thursday, October 10th. LADENBURG THALM/SH SH downgraded Saratoga Investment from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. Finally, Compass Point decreased their price target on Saratoga Investment from $26.25 to $25.25 and set a “buy” rating on the stock in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Saratoga Investment currently has an average rating of “Hold” and an average target price of $25.08.

Saratoga Investment Trading Up 0.6 %

Shares of SAR opened at $25.41 on Friday. The stock has a fifty day moving average price of $24.59 and a two-hundred day moving average price of $23.84. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $364.49 million, a price-to-earnings ratio of 10.24 and a beta of 1.33. Saratoga Investment has a 52-week low of $21.56 and a 52-week high of $26.49.

Saratoga Investment (NYSE:SAR) last issued its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.08. Saratoga Investment had a net margin of 22.01% and a return on equity of 15.53%. Analysts predict that Saratoga Investment will post 3.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Saratoga Investment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAR. JPMorgan Chase & Co. bought a new position in shares of Saratoga Investment during the third quarter worth $116,000. Janney Montgomery Scott LLC bought a new position in Saratoga Investment during the fourth quarter worth about $212,000. B. Riley Wealth Advisors Inc. lifted its holdings in Saratoga Investment by 8.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 9,885 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 770 shares in the last quarter. PVG Asset Management Corp acquired a new position in Saratoga Investment in the third quarter valued at about $236,000. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of Saratoga Investment by 2.9% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 32,845 shares of the financial services provider’s stock worth $786,000 after acquiring an additional 911 shares in the last quarter. Institutional investors own 19.09% of the company’s stock.

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.