Saratoga Investment (NYSE: SAR) rating downgraded to sell on StockNews.com

Saratoga Investment (NYSE: SAR – Get rating) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released Wednesday.

A number of other stock research analysts have also commented on the SAR. Compass Point lowered its target price for Saratoga Investment to $ 29.00 and set a “na” rating on the shares in a research report on Monday, May 16. Hovde Group lowered its target price for Saratoga Investment to $ 28.00 in a research report on Friday, May 20th. One investment analyst rated the shares with a rating for sale, and two assigned a rating for the purchase of shares. Based on MarketBeat data, the shares currently have an average Hold rating and a consensus target of $ 29.75.

Shares of SAR traded down $ 0.27 during trading on Wednesday in the middle of the day, reaching $ 23.82. The company had a trading volume of 37,639 shares, with an average volume of 42,753. Saratoga Investment has a twelve-month low of $ 22.35 and a twelve-month high of $ 30.25. The company has a debt to equity ratio of 0.04, a current ratio of 0.11 and a fast ratio of 0.11. The company’s 50-day moving average is $ 25.56, and its 200-day moving average is $ 26.97. The company has a market capitalization of $ 288.79 million, a P / E ratio of 5.93 and a beta of 1.48.

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Saratoga Investment (NYSE: SAR – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The financial services provider reported $ 0.53 EPS for the quarter, missing consensus analysts’ estimates of $ 0.55 s ($ 0.02). The business had revenue of $ 18.98 million for the quarter, compared to the consensus estimate of $ 17.55 million. Saratoga Investment had a return on equity of 7.66% and a net profit of 64.65%. As a group, stock analysts expect Saratoga Investment to report 2.26 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their SAR positions. Black Diamond Capital Management LLC bought a new position in Saratoga Investment in the 4th quarter worth $ 28,745,000. Private Advisor Group LLC increased its position in Saratoga Investment by 118.2% in the first quarter. Private Advisor Group LLC now owns 31,420 shares of the financial services provider’s stock worth $ 857,000 after purchasing an additional 17,020 shares in the last quarter. Rockefeller Capital Management LP increased its position in Saratoga Investment by 645.6% in the 4th quarter. Rockefeller Capital Management LP already owns 16,747 shares of the financial service provider’s shares worth $ 492,000 after buying an additional 14,501 shares in the last quarter. All Season Financial Advisors Inc. acquired a new position in shares of Saratoga Investment in the 4th quarter worth $ 332,000. Finally, Two Sigma Advisers LP raised its stake in Saratoga Investment by 27.6% in the third quarter. Two Sigma Advisers LP now own 43,500 shares of the financial service provider’s shares worth $ 1,250,000 after purchasing an additional 9,400 shares during the period. Hedge funds and other institutional investors own 20.68% of the company’s shares.

About Saratoga Investment (Get a rating)

Saratoga Investment Corp. is a business development company specializing in leverage acquisition and management, acquisition financing, growth financing, recapitalization, debt refinancing and transitional financing transactions in the lower class of mid-market companies. It structures its investments as debt and equity, investing through first and second retention loans, mezzanine debt, joint ventures, selected high-yield bonds, senior secured bonds, unsecured bonds and preferred and common capital.

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