Favorable Press Coverage Somewhat Unlikely to Impact Saratoga Investment Corp (SAR) Share Price
News headlines about Saratoga Investment Corp (NYSE:SAR) have been trending positive on Tuesday, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Saratoga Investment Corp earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.9321284156928 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Saratoga Investment Corp (NYSE:SAR) traded up 0.31% on Tuesday, reaching $22.47. 16,761 shares of the company’s stock were exchanged. Saratoga Investment Corp has a one year low of $17.17 and a one year high of $23.78. The firm has a market cap of $134.89 million, a PE ratio of 12.22 and a beta of 0.48. The company has a 50 day moving average price of $21.67 and a 200 day moving average price of $21.47.
A number of equities research analysts recently weighed in on SAR shares. Zacks Investment Research downgraded shares of Saratoga Investment Corp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. National Securities started coverage on shares of Saratoga Investment Corp in a research note on Tuesday, August 29th. They issued a “neutral” rating and a $23.00 target price on the stock. Maxim Group raised their target price on shares of Saratoga Investment Corp to $24.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. They noted that the move was a valuation call. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Saratoga Investment Corp in a research note on Thursday, September 7th. Finally, Janney Montgomery Scott started coverage on shares of Saratoga Investment Corp in a research note on Friday, October 6th. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $24.33.
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About Saratoga Investment Corp
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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