Saratoga Investment Corp (SAR) Stock Rating Reaffirmed by Royal Bank Of Canada
Saratoga Investment Corp (NYSE:SAR)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a report issued on Thursday.
Other analysts have also recently issued reports about the stock. Maxim Group began coverage on shares of Saratoga Investment Corp in a research note on Thursday. They issued a “buy” rating and a $23.00 price objective for the company. Zacks Investment Research upgraded shares of Saratoga Investment Corp from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research note on Thursday, July 27th. Finally, National Securities began coverage on shares of Saratoga Investment Corp in a research note on Tuesday, August 29th. They issued a “neutral” rating and a $23.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $23.33.
Shares of Saratoga Investment Corp (NYSE:SAR) opened at 21.80 on Thursday. The firm has a market capitalization of $130.08 million, a price-to-earnings ratio of 13.81 and a beta of 0.51. The company’s 50-day moving average is $20.99 and its 200-day moving average is $21.68. Saratoga Investment Corp has a 12-month low of $17.17 and a 12-month high of $23.78.
Saratoga Investment Corp (NYSE:SAR) last issued its quarterly earnings data on Wednesday, July 12th. The financial services provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.14. Saratoga Investment Corp had a net margin of 26.84% and a return on equity of 8.03%. The business had revenue of $8.71 million during the quarter. On average, equities analysts forecast that Saratoga Investment Corp will post $1.60 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Mckinley Capital Management LLC Delaware increased its position in Saratoga Investment Corp by 4.9% during the first quarter. Mckinley Capital Management LLC Delaware now owns 28,730 shares of the financial services provider’s stock worth $623,000 after acquiring an additional 1,345 shares during the period. Legal & General Group Plc increased its position in Saratoga Investment Corp by 18.4% during the second quarter. Legal & General Group Plc now owns 15,098 shares of the financial services provider’s stock worth $314,000 after acquiring an additional 2,349 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Saratoga Investment Corp during the second quarter worth $223,000. GSA Capital Partners LLP bought a new position in Saratoga Investment Corp during the second quarter worth $215,000. Finally, JPMorgan Chase & Co. increased its position in Saratoga Investment Corp by 925.6% during the first quarter. JPMorgan Chase & Co. now owns 10,256 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 9,256 shares during the period. 17.04% of the stock is currently owned by institutional investors and hedge funds.
Saratoga Investment Corp Company Profile
Saratoga Investment Corp. is a specialty finance company. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in leveraged loans and mezzanine debt issued by private middle-market companies in the United States. Its investment objective is to generate current income and, to a lesser extent, capital appreciation from its investments.
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