Saratoga Investment Corp. (SAR) Set to Announce Quarterly Earnings on Thursday
Saratoga Investment Corp. (NYSE:SAR) will be issuing its Q217 quarterly earnings data on Thursday, October 13th. Analysts expect the company to announce earnings of $0.45 per share and revenue of $7.76 million for the quarter.
Saratoga Investment Corp. (NYSE:SAR) last issued its earnings results on Wednesday, July 13th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.05. Saratoga Investment Corp. had a return on equity of 9.23% and a net margin of 24.83%. On average, analysts expect Saratoga Investment Corp. to post $1.91 EPS for the current fiscal year and $1.93 EPS for the next fiscal year.
Saratoga Investment Corp. (NYSE:SAR) opened at 18.01 on Tuesday. The stock has a market cap of $103.40 million, a PE ratio of 13.51 and a beta of 0.39. Saratoga Investment Corp. has a one year low of $13.41 and a one year high of $18.75. The company’s 50 day moving average is $18.02 and its 200 day moving average is $17.06.
A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Saratoga Investment Corp. from a “hold” rating to a “sell” rating in a research note on Friday, September 16th. Compass Point assumed coverage on shares of Saratoga Investment Corp. in a research note on Tuesday, July 26th. They set a “neutral” rating and a $18.00 price objective on the stock.
An institutional investor recently raised its position in Saratoga Investment Corp. stock. Ameriprise Financial Inc. boosted its position in shares of Saratoga Investment Corp. (NYSE:SAR) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,129 shares of the company’s stock after buying an additional 265 shares during the period. Ameriprise Financial Inc. owned 0.32% of Saratoga Investment Corp. worth $306,000 as of its most recent SEC filing. Institutional investors and hedge funds own 20.45% of the company’s stock.
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.
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