Quadrature Capital Ltd Increases Stock Position in Saratoga Investment Corp. (NYSE:SAR)

Quadrature Capital Ltd grew its position in Saratoga Investment Corp. (NYSE:SARFree Report) by 80.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,385 shares of the financial services provider’s stock after purchasing an additional 44,722 shares during the period. Quadrature Capital Ltd owned about 0.74% of Saratoga Investment worth $2,595,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in shares of Saratoga Investment by 8.9% in the third quarter. Advisors Asset Management Inc. now owns 140,051 shares of the financial services provider’s stock valued at $3,599,000 after purchasing an additional 11,500 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Saratoga Investment by 34.0% in the fourth quarter. Private Advisor Group LLC now owns 110,351 shares of the financial services provider’s stock valued at $2,854,000 after purchasing an additional 28,027 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Saratoga Investment by 2,604.0% in the fourth quarter. International Assets Investment Management LLC now owns 86,042 shares of the financial services provider’s stock valued at $2,225,000 after purchasing an additional 82,860 shares during the last quarter. TMD Wealth Management LLC purchased a new stake in shares of Saratoga Investment in the fourth quarter valued at about $1,520,000. Finally, Alpine Global Management LLC bought a new position in Saratoga Investment during the third quarter valued at about $1,336,000. Hedge funds and other institutional investors own 19.09% of the company’s stock.

Saratoga Investment Price Performance

Shares of NYSE:SAR opened at $23.01 on Tuesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $315.24 million, a PE ratio of 32.41 and a beta of 1.30. Saratoga Investment Corp. has a twelve month low of $22.35 and a twelve month high of $27.95. The company has a 50-day moving average price of $23.45 and a two-hundred day moving average price of $23.85.

Saratoga Investment (NYSE:SARGet Free Report) last issued its earnings results on Monday, May 6th. The financial services provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.02). The business had revenue of $37.23 million for the quarter, compared to the consensus estimate of $36.59 million. Saratoga Investment had a return on equity of 14.53% and a net margin of 6.22%. Equities analysts forecast that Saratoga Investment Corp. will post 3.73 EPS for the current year.

Saratoga Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be given a $0.74 dividend. This is a positive change from Saratoga Investment’s previous quarterly dividend of $0.73. This represents a $2.96 dividend on an annualized basis and a dividend yield of 12.86%. The ex-dividend date of this dividend is Thursday, June 13th. Saratoga Investment’s dividend payout ratio (DPR) is 416.91%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Saratoga Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Oppenheimer lowered shares of Saratoga Investment from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $24.00 to $23.00 in a research report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.69.

Check Out Our Latest Report on Saratoga Investment

About Saratoga Investment

(Free Report)

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.

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Institutional Ownership by Quarter for Saratoga Investment (NYSE:SAR)

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