Saratoga Investment Corp. (NYSE:SAR) to Issue Quarterly Dividend of $0.74

Saratoga Investment Corp. (NYSE:SAR) declared 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 11.62%.

Saratoga Investment Stock Up 0.4 %

Shares of SAR traded up $0.09 during trading on Tuesday, reaching $25.48. The company’s stock had a trading volume of 777,309 shares, compared to its average volume of 100,208. The company has a fifty day moving average of $24.54 and a two-hundred day moving average of $24.05. Saratoga Investment has a twelve month low of $21.56 and a twelve month high of $26.49. The company has a market cap of $365.64 million, a price-to-earnings ratio of 10.27 and a beta of 1.34. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.14.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share (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%. On average, sell-side analysts predict that Saratoga Investment will post 3.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Compass Point lowered their target price on Saratoga Investment from $26.25 to $25.25 and set a “buy” rating on the stock in a 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.