Saratoga Investment (NYSE:SAR) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Saratoga Investment Corp. (NYSE:SAR) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.98 and traded as high as $25.50. Saratoga Investment shares last traded at $25.00, with a volume of 210,284 shares changing hands.

Analyst Ratings Changes

Several brokerages recently weighed in on SAR. Compass Point reduced their price target on shares of Saratoga Investment from $26.25 to $25.25 and set a “buy” rating for the company in a research report on Monday, January 13th. StockNews.com upgraded shares of Saratoga Investment from a “hold” rating to a “buy” rating in a report on Sunday, January 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Saratoga Investment currently has a consensus rating of “Hold” and an average target price of $25.08.

Saratoga Investment Stock Down 1.7 %

The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.14. The company’s fifty day moving average is $24.45 and its 200-day moving average is $23.98. The company has a market cap of $358.65 million, a PE ratio of 10.08 and a beta of 1.34.

Saratoga Investment (NYSE:SAR) last issued its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.08. Saratoga Investment had a net margin of 22.01% and a return on equity of 15.53%. On average, analysts predict that Saratoga Investment Corp. will post 3.93 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SAR. Promus Capital LLC purchased a new position in shares of Saratoga Investment during the 4th quarter worth $30,000. JPMorgan Chase & Co. purchased a new position in shares of Saratoga Investment during the 3rd quarter worth $116,000. Janney Montgomery Scott LLC purchased a new position in shares of Saratoga Investment during the 4th quarter worth $212,000. PVG Asset Management Corp purchased a new position in shares of Saratoga Investment during the 3rd quarter worth $236,000. Finally, HighTower Advisors LLC purchased a new position in shares of Saratoga Investment during the 4th quarter worth $266,000. Hedge funds and other institutional investors own 19.09% of the company’s stock.

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.