Saratoga Investment Corp (SAR) Set to Announce Earnings on Wednesday

Saratoga Investment Corp (NYSE:SAR) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 11th. Analysts expect Saratoga Investment Corp to post earnings of $0.50 per share for the quarter.

Saratoga Investment Corp (NYSE:SAR) last announced its earnings results on Wednesday, July 12th. The financial services provider reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.14. The firm had revenue of $8.71 million for the quarter. Saratoga Investment Corp had a return on equity of 8.03% and a net margin of 26.84%. On average, analysts expect Saratoga Investment Corp to post $1.63 EPS for the current fiscal year and $2.10 EPS for the next fiscal year.

Saratoga Investment Corp (NYSE:SAR) opened at 20.65 on Tuesday. The firm has a market capitalization of $123.22 million, a P/E ratio of 13.08 and a beta of 0.48. The firm’s 50-day moving average price is $21.26 and its 200 day moving average price is $21.42. Saratoga Investment Corp has a one year low of $17.17 and a one year high of $23.78.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 26th. Stockholders of record on Friday, September 15th were paid 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 dividend yield of 9.30%. The ex-dividend date of this dividend was Thursday, September 14th. Saratoga Investment Corp’s dividend payout ratio (DPR) is 121.52%.

An institutional investor recently bought a new position in Saratoga Investment Corp stock. Northern Trust Corp bought a new position in shares of Saratoga Investment Corp (NYSE:SAR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,213 shares of the financial services provider’s stock, valued at approximately $213,000. Northern Trust Corp owned 0.17% of Saratoga Investment Corp at the end of the most recent quarter. Institutional investors and hedge funds own 17.04% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Saratoga Investment Corp (SAR) Set to Announce Earnings on Wednesday” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/10/saratoga-investment-corp-sar-set-to-announce-earnings-on-wednesday.html.

A number of brokerages have recently issued reports on SAR. Zacks Investment Research cut Saratoga Investment Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Janney Montgomery Scott began coverage on Saratoga Investment Corp in a research note on Friday. They set a “neutral” rating on the stock. Maxim Group began coverage on Saratoga Investment Corp in a research note on Thursday, September 7th. They set a “buy” rating and a $23.00 price objective on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Saratoga Investment Corp in a research note on Thursday, September 7th. Finally, National Securities began coverage on Saratoga Investment Corp in a research note on Tuesday, August 29th. They set a “neutral” rating and a $23.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $23.33.

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

Saratoga Investment Corp (NYSE:SAR) last announced its earnings results on Wednesday, July 12th. The financial services provider reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.14. The firm had revenue of $8.71 million for the quarter. Saratoga Investment Corp had a return on equity of 8.03% and a net margin of 26.84%. On average, analysts expect Saratoga Investment Corp to post $1.63 EPS for the current fiscal year and $2.10 EPS for the next fiscal year.

Saratoga Investment Corp (NYSE:SAR) opened at 20.65 on Tuesday. The firm has a market capitalization of $123.22 million, a P/E ratio of 13.08 and a beta of 0.48. The firm’s 50-day moving average price is $21.26 and its 200 day moving average price is $21.42. Saratoga Investment Corp has a one year low of $17.17 and a one year high of $23.78.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 26th. Stockholders of record on Friday, September 15th were paid 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 dividend yield of 9.30%. The ex-dividend date of this dividend was Thursday, September 14th. Saratoga Investment Corp’s dividend payout ratio (DPR) is 121.52%.

An institutional investor recently bought a new position in Saratoga Investment Corp stock. Northern Trust Corp bought a new position in shares of Saratoga Investment Corp (NYSE:SAR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,213 shares of the financial services provider’s stock, valued at approximately $213,000. Northern Trust Corp owned 0.17% of Saratoga Investment Corp at the end of the most recent quarter. Institutional investors and hedge funds own 17.04% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Saratoga Investment Corp (SAR) Set to Announce Earnings on Wednesday” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/10/saratoga-investment-corp-sar-set-to-announce-earnings-on-wednesday.html.

A number of brokerages have recently issued reports on SAR. Zacks Investment Research cut Saratoga Investment Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Janney Montgomery Scott began coverage on Saratoga Investment Corp in a research note on Friday. They set a “neutral” rating on the stock. Maxim Group began coverage on Saratoga Investment Corp in a research note on Thursday, September 7th. They set a “buy” rating and a $23.00 price objective on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Saratoga Investment Corp in a research note on Thursday, September 7th. Finally, National Securities began coverage on Saratoga Investment Corp in a research note on Tuesday, August 29th. They set a “neutral” rating and a $23.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $23.33.

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.

Earnings History for Saratoga Investment Corp (NYSE:SAR)

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