Saratoga Investment Corp (NYSE:SAR) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $25.00.

A number of equities research analysts recently weighed in on the company. LADENBURG THALM/SH SH cut Saratoga Investment from a “buy” rating to a “neutral” rating and set a $24.00 price target on the stock. in a report on Friday, May 10th. They noted that the move was a valuation call. Maxim Group restated a “buy” rating and issued a $27.00 price target on shares of Saratoga Investment in a report on Friday, July 12th. National Securities restated a “neutral” rating and issued a $24.00 price target on shares of Saratoga Investment in a report on Friday, May 17th. Finally, Zacks Investment Research cut Saratoga Investment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th.

Large investors have recently made changes to their positions in the business. North Star Investment Management Corp. purchased a new position in shares of Saratoga Investment during the 1st quarter worth $25,000. Macquarie Group Ltd. lifted its stake in shares of Saratoga Investment by 68.8% during the 4th quarter. Macquarie Group Ltd. now owns 1,939 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 790 shares during the period. NEXT Financial Group Inc purchased a new position in shares of Saratoga Investment during the 2nd quarter worth $49,000. Morgan Stanley lifted its stake in shares of Saratoga Investment by 54.9% during the 2nd quarter. Morgan Stanley now owns 3,870 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 1,372 shares during the period. Finally, Advisors Asset Management Inc. purchased a new position in shares of Saratoga Investment during the 1st quarter worth $198,000. Hedge funds and other institutional investors own 15.50% of the company’s stock.

Shares of SAR traded up $0.19 on Monday, reaching $24.32. The stock had a trading volume of 57,600 shares, compared to its average volume of 46,868. The firm has a market capitalization of $211.65 million, a PE ratio of 9.25 and a beta of 0.64. The firm has a 50-day moving average of $24.61 and a 200 day moving average of $24.03. Saratoga Investment has a twelve month low of $18.60 and a twelve month high of $25.78.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings results on Wednesday, July 10th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $12.75 million for the quarter, compared to analysts’ expectations of $12.21 million. Saratoga Investment had a return on equity of 10.75% and a net margin of 44.66%. As a group, equities analysts anticipate that Saratoga Investment will post 2.37 EPS for the current year.

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.

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