Saratoga Investment (SAR) Scheduled to Post Quarterly Earnings on Monday

Saratoga Investment (NYSE:SAR) will be issuing its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.96 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Saratoga Investment Price Performance

SAR opened at $23.57 on Friday. The firm has a market capitalization of $321.73 million, a PE ratio of 12.15 and a beta of 1.28. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.07 and a quick ratio of 0.07. The business’s 50-day moving average is $23.19 and its two-hundred day moving average is $24.09. Saratoga Investment has a 1 year low of $22.35 and a 1 year high of $28.87.

Saratoga Investment Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were issued a $0.73 dividend. This is a boost from Saratoga Investment’s previous quarterly dividend of $0.72. This represents a $2.92 dividend on an annualized basis and a dividend yield of 12.39%. The ex-dividend date of this dividend was Tuesday, March 12th. Saratoga Investment’s dividend payout ratio (DPR) is currently 150.52%.

Analysts Set New Price Targets

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

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.