Saratoga Investment (SAR) is scheduled to post profits on Wednesday

Saratoga Investment (NYSE: SAR – Get Rating) will publish its earnings data after the market closes on Wednesday, July 6. Analysts expect Saratoga Investment to report earnings of $ 0.55 per share for the quarter. The person who is interested in listening to the conference call for the company’s revenues can do so through this link.

Saratoga Investment (NYSE: SAR – Get rating) last published its results for its profits on Wednesday, May 4. The financial services provider reported $ 0.53 earnings per share (EPS) for the quarter, with analysts’ consensus estimates of $ 0.55 ($ 0.02) missing. The business had revenue of $ 18.98 million for the quarter, compared to analysts’ estimates of $ 17.55 million. Saratoga Investment had a net margin of 64.65% and a return on equity of 7.66%. On average, analysts expect Saratoga Investment to release $ 2 EPS for the current fiscal year and $ 2 EPS for the next fiscal year.

The NYSE SAR opened at $ 24.09 on Wednesday. The company has a market capitalization of $ 292.07 million, a PE ratio of 5.99 and a beta of 1.48. The company has a 50-day moving average of $ 25.64 and a 200-day moving average of $ 26.99. Saratoga Investment has a one-year low of $ 22.35 and a one-year 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.

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The company also recently unveiled a three-month dividend, which will be paid on Wednesday, June 29. The record shareholders on Tuesday, June 14, will receive a dividend of $ 0.53. The date of the former dividend is Monday, June 13. This represents a dividend of $ 2.12 on an annual basis and a yield of 8.80%. Saratoga Investment has a payout ratio of 52.74%.

A number of institutional investors have recently added or reduced their shares in the SAR. Fairfield Bush & CO. bought a new stake in Saratoga Investment in the first quarter worth approximately $ 27,000. Raymond James & Associates increased its stake in Saratoga Investment by 9.4% in the first quarter. Raymond James & Associates already owns 81,686 shares of the financial service provider’s shares worth $ 2,227,000 after purchasing an additional 7,043 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in Saratoga Investment in the first quarter worth $ 239,000. Lazard Asset Management LLC acquired a new stake in Saratoga Investment in the first quarter worth $ 38,000. Finally, Northern Trust Corp increased its stake in Saratoga Investment by 11.0% in the first quarter. Northern Trust Corp already owns 13,876 shares of the financial services provider’s shares worth $ 378,000 after purchasing an additional 1,378 shares during the period. Institutional investors own 20.68% of the company’s shares.

SAR has been the subject of a number of recent reports by analysts. StockNews.com covered the shares of Saratoga Investment in a report on Thursday, March 31. They issued a “retention” rating to the company. Compass Point lowered its target price for shares of Saratoga Investment to $ 29.00 and set a “na” rating for the company in a research note on Monday, May 16. Finally, Hovde Group lowered its target for Saratoga Investment stock prices to $ 28.00 in a research note on Friday, May 20th. One analyst rated the shares with a retention rating, and two assigned a share purchase rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buying” and a consensus target price of $ 29.75.

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.

More information

Profit history for Saratoga Investment (NYSE: SAR)

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