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Saratoga Investment (NYSE: SAR) was upgraded by analysts at LADENBURG THALM / SH SH from a "neutral" rating to a "buy" rating in a research report issued by investors on Tuesday, October 30th, Marketbeat reports.
Other analysts also reported on the stock. National Securities reiterated a "neutral" rating and issued a $ 24.00 Saratoga Investment in a research report on Thursday, July 12th. ValuEngine downgraded shares of Saratoga Investment from a "buy" rating to a "hold" rating in a research report on Wednesday, July 11th. Compass Point upgraded shares of Saratoga Investment from a "neutral" rating to a "buy" rating in a research report on Monday, July 16th. Finally, Zacks Investment Research downgraded shares of Saratoga Investment from a "buy" rating to a "hold" rating in a research report on Thursday, September 13th. Two research analysts have rated the value of a stock quote, and one has issued a hold rating and one has given a rating to the company's stock. The stock currently has a consensus rating of "Hold" and an average target price of $ 24.17.
Shares of SAR stock opened at $ 21.52 on Tuesday. Saratoga Investment has a 52-week low of $ 19.62 and a 52-week high of $ 28.30. The firm has a market capitalization of $ 160.22 million, a PE ratio of 9.48 and a beta of 0.26.
Saratoga Investment (NYSE: SAR) last published on Thursday, October 11th. The financial services provider reported $ 0.45 EPS for the quarter, missing analysts' consensus estimates of $ 0.54 by ($ 0.09). Saratoga Investment had a return on equity of 10.55% and a net margin of 40.39%. The company had revenue of $ 11.40 million for the quarter, compared to the consensus estimate of $ 10.18 million. Sell-side analysts forecast that Saratoga Investment will post 2.46 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the business. Valeo Financial Advisors LLC raised its holdings in Saratoga Investment by 110.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 5,720 shares of the financial services provider's stock worth $ 120,000 after buying an additional 3,000 shares during the period. Ahrens Investment Partners LLC was acquired in a new position in Saratoga shares during the 2nd quarter of $ 230,000. Wells Fargo & Company Growth in Saratoga Investment by 29.1% during the 1st quarter. Wells Fargo & Company MN now owns 16,527 shares of the financial services provider's stock worth $ 344,000 after acquiring an additional 3,725 shares in the last quarter. Weber Alan W bought a new position in shares of Saratoga Investment during the 2nd quarter worth $ 479,000. Finally, Legal & General Group Plc grew its stake in shares of Saratoga Investment by 21.8% during the 1st quarter. Legal & General Group Plc now owns 21,539 shares of the financial services provider's stock worth $ 450,000 after acquiring an additional 3,862 shares in the last quarter. Hedge funds and other institutional investors 14.32% of the company's stock.
Saratoga Investment Company Profile
Saratoga Investment Corp. is a business development company specializing in leveraged and buyout management, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. It deals with debt, debt, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity.
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