Saratoga Investment Corp. (SAR) to Issue None Dividend of $1.09 on December 19th

Saratoga Investment Corp. (NYSE:SAR) declared a None dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Wednesday, December 4th will be given a dividend of 1.09 per share by the financial services provider on Thursday, December 19th. This represents a dividend yield of 11.9%. The ex-dividend date of this dividend is Wednesday, December 4th.

Saratoga Investment Price Performance

NYSE SAR opened at $24.80 on Friday. The stock’s fifty day moving average price is $23.65 and its 200 day moving average price is $23.35. The company has a market cap of $342.24 million, a price-to-earnings ratio of 16.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.22 and a quick ratio of 0.22. Saratoga Investment has a 1 year low of $21.56 and a 1 year high of $27.00.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings results on Tuesday, October 8th. The financial services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $0.94 by $0.39. Saratoga Investment had a net margin of 13.64% and a return on equity of 15.88%. The firm had revenue of $43.00 million for the quarter, compared to analyst estimates of $36.84 million. As a group, equities research analysts forecast that Saratoga Investment will post 3.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SAR shares. Compass Point lifted their price target on shares of Saratoga Investment from $24.75 to $26.25 and gave the stock a “buy” rating in a report on Friday, October 11th. LADENBURG THALM/SH SH lowered shares of Saratoga Investment from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. Oppenheimer boosted their target price on shares of Saratoga Investment from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Thursday, October 10th. Finally, B. Riley restated a “neutral” rating and set a $25.00 price target on shares of Saratoga Investment in a research report on Thursday, October 10th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Saratoga Investment currently has an average rating of “Hold” and a consensus target price of $25.42.

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.