Saratoga Investment (NYSE:SAR) Price Target Lowered to $22.00 at B. Riley Financial

Saratoga Investment (NYSE:SAR) had its target price lowered by stock analysts at B. Riley Financial from $23.00 to $22.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. B. Riley Financial’s price objective would indicate a potential upside of 22.03% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Saratoga Investment from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saratoga Investment in a research note on Wednesday, June 24th. Finally, Oppenheimer cut their price objective on Saratoga Investment from $22.00 to $21.00 and set a “market perform” rating on the stock in a research note on Thursday. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $21.50.

Saratoga Investment Stock Performance

Saratoga Investment stock opened at $18.03 on Thursday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.18. The stock has a market cap of $293.33 million, a PE ratio of 18.01 and a beta of 0.54. Saratoga Investment has a 12-month low of $17.77 and a 12-month high of $25.64. The business’s 50-day moving average price is $22.21 and its two-hundred day moving average price is $22.67.

Saratoga Investment (NYSE:SAR) last posted its earnings results on Tuesday, July 7th. The financial services provider reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). The company had revenue of ($12.15) million during the quarter, compared to the consensus estimate of $31.38 million. Saratoga Investment had a return on equity of 8.61% and a net margin of 12.70%. As a group, analysts expect that Saratoga Investment will post 2.15 earnings per share for the current fiscal year.

Institutional Trading of Saratoga Investment

Hedge funds have recently bought and sold shares of the business. Closed End Fund Advisors Inc. bought a new position in shares of Saratoga Investment in the fourth quarter valued at $3,680,000. Advisory Services Network LLC acquired a new position in shares of Saratoga Investment during the third quarter valued at about $45,000. Quantbot Technologies LP bought a new stake in shares of Saratoga Investment during the third quarter worth about $36,000. BNP Paribas Financial Markets bought a new stake in shares of Saratoga Investment during the third quarter worth about $25,000. Finally, Bank of America Corp DE raised its holdings in shares of Saratoga Investment by 2,243.4% in the 1st quarter. Bank of America Corp DE now owns 25,027 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 23,959 shares during the last quarter. Institutional investors and hedge funds own 19.09% of the company’s stock.

About Saratoga Investment

Saratoga Investment Corp. is a closed-end, externally managed investment company that seeks to generate current income and total return through a diversified portfolio of private U.S. companies. Trading on the New York Stock Exchange under the ticker SAR, the firm primarily targets middle-market businesses across a broad range of industries, including industrials, healthcare, consumer products, financial services and technology. Its investment approach combines debt and equity instruments, providing flexible capital solutions such as first-lien and second-lien secured loans, mezzanine debt, preferred equity and common equity positions.

As an actively managed vehicle, Saratoga Investment works closely with portfolio companies’ management teams to support growth initiatives, operational improvements, and strategic transactions.