Cerity Partners LLC Takes $431,000 Position in Saratoga Investment Corp. (NYSE:SAR)

Cerity Partners LLC purchased a new stake in shares of Saratoga Investment Corp. (NYSE:SAR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 16,662 shares of the financial services provider’s stock, valued at approximately $431,000. Cerity Partners LLC owned about 0.12% of Saratoga Investment as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. C M Bidwell & Associates Ltd. bought a new position in shares of Saratoga Investment during the third quarter valued at $36,000. Barclays PLC bought a new position in shares of Saratoga Investment during the third quarter valued at $37,000. Quantbot Technologies LP raised its stake in shares of Saratoga Investment by 170.6% during the third quarter. Quantbot Technologies LP now owns 6,565 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 4,139 shares during the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of Saratoga Investment by 6.9% during the third quarter. Atria Wealth Solutions Inc. now owns 11,655 shares of the financial services provider’s stock valued at $300,000 after acquiring an additional 750 shares during the last quarter. Finally, Jump Financial LLC raised its stake in shares of Saratoga Investment by 23.5% during the third quarter. Jump Financial LLC now owns 12,601 shares of the financial services provider’s stock valued at $324,000 after acquiring an additional 2,401 shares during the last quarter. Institutional investors own 19.09% of the company’s stock.

Saratoga Investment Trading Down 0.0 %

NYSE:SAR opened at $23.31 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $318.18 million, a price-to-earnings ratio of 11.96 and a beta of 1.32. The firm has a fifty day simple moving average of $23.19 and a two-hundred day simple moving average of $24.10. Saratoga Investment Corp. has a 12 month low of $22.35 and a 12 month high of $28.87.

Saratoga Investment Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 12.53%. This is a boost from Saratoga Investment’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Tuesday, March 12th. Saratoga Investment’s dividend payout ratio (DPR) is presently 150.52%.

Analyst Upgrades and Downgrades

SAR has been the subject of several recent analyst reports. B. Riley cut shares of Saratoga Investment from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a research report on Monday, January 8th. StockNews.com upgraded shares of Saratoga Investment from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Finally, Compass Point cut shares of Saratoga Investment from a “buy” rating to a “neutral” rating and set a $24.75 price objective for the company. in a research report on Wednesday, January 10th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.69.

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.