Ethos Financial Group LLC Invests $1.15 Million in Saratoga Investment Corp (NYSE:SAR)

Ethos Financial Group LLC bought a new position in shares of Saratoga Investment Corp (NYSE:SAR) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 45,507 shares of the financial services provider’s stock, valued at approximately $1,153,000.

A number of other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Saratoga Investment by 147.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 29,509 shares of the financial services provider’s stock worth $747,000 after purchasing an additional 17,595 shares during the period. LPL Financial LLC raised its position in shares of Saratoga Investment by 1.6% during the first quarter. LPL Financial LLC now owns 88,665 shares of the financial services provider’s stock worth $2,246,000 after purchasing an additional 1,361 shares during the period. Cetera Investment Advisers acquired a new position in shares of Saratoga Investment during the first quarter worth approximately $255,000. Wedbush Securities Inc. raised its position in shares of Saratoga Investment by 23.0% during the first quarter. Wedbush Securities Inc. now owns 10,700 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 2,000 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of Saratoga Investment by 2.9% during the first quarter. Private Advisor Group LLC now owns 125,792 shares of the financial services provider’s stock worth $3,186,000 after purchasing an additional 3,497 shares during the period. 19.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. B. Riley assumed coverage on Saratoga Investment in a research report on Tuesday, May 13th. They set a “neutral” rating and a $23.50 target price on the stock. Compass Point lowered Saratoga Investment from a “buy” rating to a “neutral” rating and lowered their price target for the company from $25.25 to $24.25 in a research report on Monday, June 9th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, Saratoga Investment has an average rating of “Hold” and an average price target of $24.25.

Saratoga Investment Trading Down 0.8%

NYSE SAR opened at $25.32 on Friday. The firm has a market capitalization of $403.85 million, a P/E ratio of 10.25 and a beta of 0.64. The business has a fifty day simple moving average of $24.82 and a 200 day simple moving average of $24.55. Saratoga Investment Corp has a 12 month low of $21.10 and a 12 month high of $26.49. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.18.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings results on Tuesday, July 8th. The financial services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.03). The company had revenue of $35,219.96 billion during the quarter, compared to analysts’ expectations of $32.75 million. Saratoga Investment had a net margin of 24.85% and a return on equity of 12.71%. On average, analysts predict that Saratoga Investment Corp will post 3.93 EPS for the current fiscal year.

Saratoga Investment Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be paid a $0.25 dividend. This represents a yield of 1,217.0%. The ex-dividend date is Wednesday, August 6th. Saratoga Investment’s dividend payout ratio is 121.46%.

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.