Saratoga Investment Corp. (SAR) to Issue Quarterly Dividend of $0.74 on March 25th

Saratoga Investment Corp. (NYSE:SAR) announced a quarterly dividend on Tuesday, February 18th,RTT News reports. Investors of record on Thursday, March 6th will be paid a dividend of 0.74 per share by the financial services provider on Tuesday, March 25th. This represents a $2.96 annualized dividend and a yield of 11.50%. The ex-dividend date is Thursday, March 6th.

Saratoga Investment Trading Up 1.5 %

Shares of SAR opened at $25.74 on Thursday. The business has a 50-day moving average of $24.60 and a 200 day moving average of $24.08. Saratoga Investment has a fifty-two week low of $21.56 and a fifty-two week high of $26.49. The firm has a market cap of $369.37 million, a P/E ratio of 10.38 and a beta of 1.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.33 and a current ratio of 0.33.

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

Analysts Set New Price Targets

SAR has been the subject of a number of research analyst reports. Compass Point dropped their price target on 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 Saratoga Investment from a “hold” rating to a “buy” rating in a research report on Sunday, January 26th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Saratoga Investment presently has a consensus rating of “Hold” and an average price target of $25.08.

Saratoga Investment Company Profile

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.