Saratoga Investment (SAR) Rating Increased to Strong-Buy at ValuEngine
Saratoga Investment (NYSE:SAR) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a note issued to investors on Sunday.
Other research analysts have also issued research reports about the company. National Securities reaffirmed a “neutral” rating and set a $23.00 price objective on shares of Saratoga Investment in a report on Monday, October 16th. Compass Point raised Saratoga Investment from a “neutral” rating to a “buy” rating in a report on Friday, October 13th. Maxim Group assumed coverage on Saratoga Investment in a report on Thursday, September 7th. They issued a “buy” rating and a $23.00 target price on the stock. Janney Montgomery Scott assumed coverage on Saratoga Investment in a report on Friday, October 6th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research lowered Saratoga Investment from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Saratoga Investment presently has a consensus rating of “Buy” and a consensus target price of $24.33.
Saratoga Investment (NYSE:SAR) opened at $22.37 on Friday. Saratoga Investment has a twelve month low of $19.90 and a twelve month high of $23.78. The firm has a market capitalization of $134.13, a price-to-earnings ratio of 12.29 and a beta of 0.48. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.07.
A number of institutional investors have recently bought and sold shares of SAR. Belpointe Asset Management LLC acquired a new stake in Saratoga Investment in the third quarter valued at $836,000. BB&T Securities LLC acquired a new stake in Saratoga Investment in the third quarter valued at $615,000. Dynamic Technology Lab Private Ltd acquired a new stake in Saratoga Investment in the second quarter valued at $223,000. GSA Capital Partners LLP acquired a new stake in Saratoga Investment in the second quarter valued at $215,000. Finally, Northern Trust Corp acquired a new stake in Saratoga Investment in the second quarter valued at $213,000. 17.36% of the stock is currently owned by institutional investors.
Saratoga Investment 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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