International Assets Investment Management LLC Cuts Holdings in Saratoga Investment Corp. (NYSE:SAR)

International Assets Investment Management LLC lowered its stake in shares of Saratoga Investment Corp. (NYSE:SAR) by 29.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,569 shares of the financial services provider’s stock after selling 32,669 shares during the period. International Assets Investment Management LLC owned 0.58% of Saratoga Investment worth $1,929,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Saratoga Investment by 14.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 138,185 shares of the financial services provider’s stock worth $3,205,000 after purchasing an additional 17,379 shares during the last quarter. Private Advisor Group LLC raised its holdings in Saratoga Investment by 2.7% in the second quarter. Private Advisor Group LLC now owns 129,550 shares of the financial services provider’s stock worth $2,941,000 after purchasing an additional 3,417 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in Saratoga Investment in the third quarter worth about $1,450,000. Next Level Private LLC lifted its position in shares of Saratoga Investment by 20.3% during the third quarter. Next Level Private LLC now owns 39,154 shares of the financial services provider’s stock valued at $908,000 after buying an additional 6,619 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Saratoga Investment by 8.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 22,224 shares of the financial services provider’s stock valued at $505,000 after buying an additional 1,677 shares in the last quarter. Institutional investors own 19.09% of the company’s stock.

Saratoga Investment Trading Up 1.1 %

NYSE SAR opened at $24.47 on Thursday. The stock has a market cap of $337.71 million, a P/E ratio of 15.99 and a beta of 1.33. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.14. Saratoga Investment Corp. has a 12-month low of $21.56 and a 12-month high of $26.49. The company has a fifty day simple moving average of $24.44 and a two-hundred day simple moving average of $23.66.

Saratoga Investment (NYSE:SAR) last issued its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.08. Saratoga Investment had a return on equity of 15.88% and a net margin of 13.64%. On average, analysts forecast that Saratoga Investment Corp. will post 3.93 earnings per share for the current year.

Saratoga Investment Dividend Announcement

The company also recently announced a None dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, December 4th were given a $1.09 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a yield of 11.9%. Saratoga Investment’s dividend payout ratio is currently 193.46%.

Analysts Set New Price Targets

SAR has been the subject of several recent analyst reports. LADENBURG THALM/SH SH lowered shares of Saratoga Investment from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. B. Riley reaffirmed a “neutral” rating and set a $25.00 price target on shares of Saratoga Investment in a research report on Thursday, October 10th. Compass Point raised their price objective on Saratoga Investment from $24.75 to $26.25 and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, Oppenheimer upped their target price on Saratoga Investment from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Saratoga Investment currently has an average rating of “Hold” and an average target price of $25.42.

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.