Private Advisor Group LLC Has $2.93 Million Stock Holdings in Saratoga Investment Corp. (NYSE:SAR)

Private Advisor Group LLC reduced its position in Saratoga Investment Corp. (NYSE:SAR) by 5.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 122,295 shares of the financial services provider’s stock after selling 7,326 shares during the period. Private Advisor Group LLC’s holdings in Saratoga Investment were worth $2,925,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SAR. JPMorgan Chase & Co. acquired a new stake in Saratoga Investment in the third quarter worth about $116,000. International Assets Investment Management LLC boosted its stake in shares of Saratoga Investment by 2,268.4% in the 3rd quarter. International Assets Investment Management LLC now owns 112,238 shares of the financial services provider’s stock valued at $2,603,000 after purchasing an additional 107,499 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Saratoga Investment during the 4th quarter worth approximately $212,000. Kovitz Investment Group Partners LLC acquired a new stake in Saratoga Investment during the 3rd quarter worth $1,450,000. Finally, Wealthcare Advisory Partners LLC increased its holdings in Saratoga Investment by 2.9% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 32,845 shares of the financial services provider’s stock valued at $786,000 after purchasing an additional 911 shares during the last quarter. Institutional investors own 19.09% of the company’s stock.

Saratoga Investment Trading Down 0.8 %

NYSE:SAR opened at $25.77 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.33 and a quick ratio of 0.33. The business’s 50-day simple moving average is $24.70 and its 200-day simple moving average is $24.17. Saratoga Investment Corp. has a fifty-two week low of $21.56 and a fifty-two week high of $26.49. The stock has a market capitalization of $369.62 million, a PE ratio of 10.39 and a beta of 1.34.

Saratoga Investment (NYSE:SAR) last announced its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.08. Saratoga Investment had a net margin of 22.01% and a return on equity of 15.53%. Sell-side analysts expect that Saratoga Investment Corp. will post 3.93 earnings per share for the current fiscal year.

Saratoga Investment Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 24th. Investors of record on Thursday, June 5th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This is a positive change from Saratoga Investment’s previous monthly dividend of $0.25. This represents a $3.00 dividend on an annualized basis and a yield of 11.64%. Saratoga Investment’s dividend payout ratio is presently 119.35%.

Analysts Set New Price Targets

SAR has been the topic of a number of analyst reports. StockNews.com upgraded shares of Saratoga Investment from a “hold” rating to a “buy” rating in a research report on Sunday, January 26th. Compass Point cut their target price on shares of Saratoga Investment from $26.25 to $25.25 and set a “buy” rating on the stock in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.08.

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.