Media coverage about Saratoga Investment Corp (NYSE:SAR) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Saratoga Investment Corp earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.0321605780402 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of research firms recently weighed in on SAR. Royal Bank Of Canada restated an “outperform” rating on shares of Saratoga Investment Corp in a report on Thursday, September 7th. Maxim Group began coverage on shares of Saratoga Investment Corp in a report on Thursday, September 7th. They issued a “buy” rating and a $23.00 target price on the stock. National Securities began coverage on shares of Saratoga Investment Corp in a report on Tuesday, August 29th. They issued a “neutral” rating and a $23.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Saratoga Investment Corp from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a report on Thursday, July 27th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.33.
Saratoga Investment Corp (SAR) traded up 0.29% during midday trading on Tuesday, hitting $21.02. 13,422 shares of the company were exchanged. The firm has a market capitalization of $125.43 million, a PE ratio of 13.31 and a beta of 0.51. The stock has a 50 day moving average of $21.12 and a 200 day moving average of $21.59. Saratoga Investment Corp has a 1-year low of $17.17 and a 1-year high of $23.78.
Saratoga Investment Corp (NYSE:SAR) last issued its quarterly earnings results on Wednesday, July 12th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $8.71 million during the quarter. On average, equities analysts predict that Saratoga Investment Corp will post $1.62 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 26th. Investors of record on Friday, September 15th will be given a dividend of $0.48 per share. This is a boost from Saratoga Investment Corp’s previous quarterly dividend of $0.47. This represents a $1.92 dividend on an annualized basis and a yield of 9.16%. The ex-dividend date of this dividend is Thursday, September 14th. Saratoga Investment Corp’s dividend payout ratio (DPR) is 121.52%.
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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