News coverage about Saratoga Investment (NYSE:SAR) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Saratoga Investment earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.2128468490888 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
Several equities analysts have issued reports on SAR shares. Zacks Investment Research lowered shares of Saratoga Investment from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 20th. Maxim Group lifted their price target on shares of Saratoga Investment to $24.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. They noted that the move was a valuation call. Janney Montgomery Scott started coverage on shares of Saratoga Investment in a report on Friday, October 6th. They issued a “neutral” rating on the stock. National Securities reaffirmed a “neutral” rating and issued a $23.00 price target on shares of Saratoga Investment in a report on Monday, October 16th. Finally, Compass Point raised shares of Saratoga Investment from a “neutral” rating to a “buy” rating in a report on Friday, October 13th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Saratoga Investment has an average rating of “Buy” and a consensus target price of $24.67.
Saratoga Investment (NYSE:SAR) opened at $22.43 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.06 and a debt-to-equity ratio of 0.01. Saratoga Investment has a 1-year low of $19.90 and a 1-year high of $23.78. The stock has a market cap of $140.34, a price-to-earnings ratio of 9.97 and a beta of 0.47.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Friday, December 15th were issued a $0.49 dividend. This is a positive change from Saratoga Investment’s previous quarterly dividend of $0.48. This represents a $1.96 annualized dividend and a yield of 8.74%. The ex-dividend date was Thursday, December 14th. Saratoga Investment’s payout ratio is currently 87.11%.
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About Saratoga Investment
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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