Saratoga Investment Corp. (NYSE:SAR) announced its quarterly earnings results on Wednesday. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. Saratoga Investment Corp. had a return on equity of 9.23% and a net margin of 24.83%.

Shares of Saratoga Investment Corp. (NYSE:SAR) opened at 18.365 on Thursday. The stock has a market cap of $105.43 million, a PE ratio of 13.777 and a beta of 0.39. The firm has a 50-day moving average price of $18.03 and a 200-day moving average price of $17.08. Saratoga Investment Corp. has a 52 week low of $13.41 and a 52 week high of $18.75.

Earnings History for Saratoga Investment Corp. (NYSE:SAR)

A number of equities research analysts have weighed in on the company. Compass Point assumed coverage on Saratoga Investment Corp. in a research note on Tuesday, July 26th. They issued a “neutral” rating and a $18.00 price objective for the company. Zacks Investment Research cut Saratoga Investment Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 26th.

Several large investors have recently added to or reduced their stakes in the stock. Orinda Asset Management LLC bought a new stake in Saratoga Investment Corp. during the second quarter valued at $193,000. Legal & General Group Plc raised its stake in Saratoga Investment Corp. by 2.7% in the second quarter. Legal & General Group Plc now owns 11,712 shares of the company’s stock valued at $197,000 after buying an additional 303 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Saratoga Investment Corp. by 1.5% in the second quarter. Ameriprise Financial Inc. now owns 18,129 shares of the company’s stock valued at $306,000 after buying an additional 265 shares in the last quarter. Mendon Capital Advisors Corp raised its stake in Saratoga Investment Corp. by 2.7% in the second quarter. Mendon Capital Advisors Corp now owns 55,753 shares of the company’s stock valued at $942,000 after buying an additional 1,443 shares in the last quarter. Finally, Relative Value Partners Group LLC raised its stake in Saratoga Investment Corp. by 8.7% in the second quarter. Relative Value Partners Group LLC now owns 86,816 shares of the company’s stock valued at $1,432,000 after buying an additional 6,949 shares in the last quarter. Institutional investors 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.

5 Day Chart for NYSE:SAR

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