Analysts expect Saratoga Investment Corp (NYSE:SAR) to announce earnings of $0.58 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Saratoga Investment’s earnings, with estimates ranging from $0.56 to $0.60. Saratoga Investment reported earnings per share of $0.89 in the same quarter last year, which suggests a negative year-over-year growth rate of 34.8%. The firm is scheduled to report its next quarterly earnings results after the market closes on Wednesday, May 8th.
On average, analysts expect that Saratoga Investment will report full year earnings of $2.57 per share for the current fiscal year. For the next financial year, analysts expect that the firm will report earnings of $2.48 per share, with EPS estimates ranging from $2.24 to $2.62. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Saratoga Investment.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Saratoga Investment from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Compass Point lowered Saratoga Investment from a “buy” rating to a “neutral” rating in a research report on Monday, April 15th. National Securities reissued a “neutral” rating and issued a $24.00 target price on shares of Saratoga Investment in a research report on Tuesday, January 15th. Finally, Maxim Group restated a “buy” rating and set a $26.00 price target on shares of Saratoga Investment in a research note on Thursday, January 10th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $24.00.
Institutional investors have recently added to or reduced their stakes in the business. PFG Advisors purchased a new position in Saratoga Investment in the fourth quarter valued at about $837,000. Legal & General Group Plc grew its stake in shares of Saratoga Investment by 33.0% in the 4th quarter. Legal & General Group Plc now owns 32,461 shares of the financial services provider’s stock worth $646,000 after acquiring an additional 8,054 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Saratoga Investment by 61.2% in the 3rd quarter. Wells Fargo & Company MN now owns 31,403 shares of the financial services provider’s stock worth $724,000 after acquiring an additional 11,922 shares in the last quarter. BB&T Securities LLC bought a new stake in shares of Saratoga Investment in the 4th quarter worth $488,000. Finally, Valeo Financial Advisors LLC grew its stake in shares of Saratoga Investment by 55.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 8,920 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 15.81% of the company’s stock.
SAR traded down $0.05 on Tuesday, reaching $25.49. The company had a trading volume of 1,311 shares, compared to its average volume of 54,396. The company has a market capitalization of $193.03 million, a P/E ratio of 11.23 and a beta of 0.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.04 and a quick ratio of 0.04. Saratoga Investment has a 52-week low of $18.60 and a 52-week high of $28.30.
About Saratoga Investment
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.
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