Saratoga Investment Corp (NYSE:SAR) had its target price boosted by investment analysts at Maxim Group to $24.00 in a research report issued on Tuesday, October 17th, The Fly reports. The firm currently has a “buy” rating on the financial services provider’s stock. Maxim Group’s price target would indicate a potential upside of 7.29% from the stock’s current price. The analysts noted that the move was a valuation call.
SAR has been the topic of several other research reports. Zacks Investment Research cut shares of Saratoga Investment Corp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. National Securities initiated coverage on shares of Saratoga Investment Corp in a research report on Tuesday, August 29th. They issued a “neutral” rating and a $23.00 target price on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Saratoga Investment Corp in a research report on Thursday, September 7th. Janney Montgomery Scott initiated coverage on shares of Saratoga Investment Corp in a research report on Friday, October 6th. They issued a “neutral” rating on the stock. Finally, Compass Point raised shares of Saratoga Investment Corp from a “neutral” rating to a “buy” rating in a research report on Friday, October 13th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $24.33.
Saratoga Investment Corp (NYSE SAR) opened at 22.37 on Tuesday. The company has a 50-day moving average price of $21.60 and a 200-day moving average price of $21.44. Saratoga Investment Corp has a 52 week low of $17.17 and a 52 week high of $23.78. The stock has a market cap of $134.29 million, a price-to-earnings ratio of 12.16 and a beta of 0.48.
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A number of hedge funds and other institutional investors have recently bought and sold shares of SAR. Dynamic Technology Lab Private Ltd acquired a new stake in Saratoga Investment Corp in the second quarter valued at approximately $223,000. GSA Capital Partners LLP acquired a new stake in Saratoga Investment Corp in the second quarter valued at approximately $215,000. Northern Trust Corp acquired a new stake in shares of Saratoga Investment Corp in the second quarter worth $213,000. Ameriprise Financial Inc. acquired a new stake in shares of Saratoga Investment Corp in the first quarter worth $213,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Saratoga Investment Corp by 925.6% in the first quarter. JPMorgan Chase & Co. now owns 10,256 shares of the financial services provider’s stock worth $222,000 after buying an additional 9,256 shares during the last quarter. Hedge funds and other institutional investors own 16.93% of the company’s stock.
Saratoga Investment Corp Company Profile
Saratoga Investment Corp. is a specialty finance company. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in leveraged loans and mezzanine debt issued by private middle-market companies in the United States. Its investment objective is to generate current income and, to a lesser extent, capital appreciation from its investments.
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