LADENBURG THALM/SH SH upgraded shares of Saratoga Investment (NYSE:SAR) from a neutral rating to a buy rating in a report published on Monday morning, Benzinga reports.

Other equities research analysts have also recently issued research reports about the company. B. Riley reiterated a buy rating and set a $26.00 target price on shares of Saratoga Investment in a report on Thursday, January 9th. National Securities initiated coverage on Saratoga Investment in a report on Thursday, December 19th. They set a neutral rating and a $26.00 target price on the stock. TheStreet upgraded Saratoga Investment from a c+ rating to a b rating in a report on Thursday, January 9th. Compass Point upgraded Saratoga Investment from a neutral rating to a buy rating and set a $27.75 target price on the stock in a report on Thursday, January 9th. Finally, Zacks Investment Research upgraded Saratoga Investment from a sell rating to a hold rating in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Saratoga Investment currently has a consensus rating of Buy and a consensus price target of $26.68.

NYSE:SAR traded up $0.11 during trading hours on Monday, reaching $27.63. 31,682 shares of the company traded hands, compared to its average volume of 76,477. The firm’s 50-day moving average is $25.30 and its 200-day moving average is $24.93. The stock has a market cap of $309.09 million, a P/E ratio of 10.50 and a beta of 0.65. Saratoga Investment has a 1-year low of $21.22 and a 1-year high of $27.51.

Saratoga Investment (NYSE:SAR) last announced its earnings results on Thursday, January 9th. The financial services provider reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.79. The firm had revenue of $14.20 million for the quarter, compared to analysts’ expectations of $14.17 million. Saratoga Investment had a return on equity of 9.77% and a net margin of 68.38%. As a group, sell-side analysts predict that Saratoga Investment will post 2.44 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Friday, January 24th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.11%. The ex-dividend date of this dividend is Thursday, January 23rd. Saratoga Investment’s dividend payout ratio is presently 85.17%.

In other Saratoga Investment news, insider (Tony) Kiernan Anthony purchased 20,000 shares of Saratoga Investment stock in a transaction on Monday, November 25th. The shares were bought at an average price of $3.07 per share, with a total value of $61,360.00. Corporate insiders own 20.90% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. PFG Advisors lifted its stake in shares of Saratoga Investment by 7.3% during the 4th quarter. PFG Advisors now owns 40,312 shares of the financial services provider’s stock worth $1,013,000 after purchasing an additional 2,729 shares during the period. Millennium Management LLC purchased a new position in shares of Saratoga Investment in the 3rd quarter worth $2,681,000. D.A. Davidson & CO. purchased a new position in shares of Saratoga Investment in the 3rd quarter worth $290,000. Chicago Partners Investment Group LLC purchased a new position in shares of Saratoga Investment in the 3rd quarter worth $326,000. Finally, BB&T Securities LLC raised its position in shares of Saratoga Investment by 59.9% in the 3rd quarter. BB&T Securities LLC now owns 18,163 shares of the financial services provider’s stock worth $449,000 after buying an additional 6,807 shares during the period. 19.65% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Saratoga Investment (NYSE:SAR)

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