Saratoga Investment (NYSE:SAR) Cut to Sell at StockNews.com

Saratoga Investment (NYSE:SAR) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

A number of other equities analysts have also recently issued reports on the company. B. Riley cut Saratoga Investment from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a report on Monday, January 8th. Compass Point lowered shares of Saratoga Investment from a “buy” rating to a “neutral” rating and set a $24.75 target price for the company. in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $26.58.

Saratoga Investment Trading Down 1.1 %

Shares of SAR traded down $0.25 during midday trading on Tuesday, hitting $23.46. The stock had a trading volume of 169,577 shares, compared to its average volume of 88,519. Saratoga Investment has a 1 year low of $22.35 and a 1 year high of $28.87. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.07 and a quick ratio of 0.07. The stock’s 50 day moving average is $23.19 and its 200 day moving average is $24.09. The firm has a market cap of $320.23 million, a PE ratio of 12.09 and a beta of 1.28.

Institutional Investors Weigh In On Saratoga Investment

Several hedge funds have recently made changes to their positions in SAR. C M Bidwell & Associates Ltd. bought a new position in shares of Saratoga Investment during the third quarter valued at approximately $36,000. Barclays PLC purchased a new position in shares of Saratoga Investment in the 3rd quarter valued at $37,000. Quantbot Technologies LP raised its position in shares of Saratoga Investment by 170.6% in the 3rd quarter. Quantbot Technologies LP now owns 6,565 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 4,139 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Saratoga Investment by 5.6% during the 4th quarter. Larson Financial Group LLC now owns 9,664 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 512 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in Saratoga Investment by 17.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 10,561 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 1,604 shares in the last quarter. 19.09% of the stock is currently owned by hedge funds and other institutional investors.

Saratoga Investment Company Profile

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.