Saratoga Investment (NYSE:SAR) Stock Rating Lowered by StockNews.com

Saratoga Investment (NYSE:SAR) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

A number of other research analysts have also recently weighed in on SAR. Compass Point cut shares of Saratoga Investment from a “buy” rating to a “neutral” rating and set a $24.75 price target on the stock. in a research report on Wednesday, January 10th. B. Riley downgraded Saratoga Investment from a “buy” rating to a “neutral” rating and set a $28.00 target price for the company. in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.58.

Saratoga Investment Trading Down 1.1 %

Shares of Saratoga Investment stock traded down $0.25 during trading hours on Tuesday, reaching $23.46. The stock had a trading volume of 169,577 shares, compared to its average volume of 88,519. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. Saratoga Investment has a 1 year low of $22.35 and a 1 year high of $28.87. The firm has a market capitalization of $320.23 million, a price-to-earnings ratio of 12.09 and a beta of 1.28. The firm has a 50 day simple moving average of $23.19 and a two-hundred day simple moving average of $24.09.

Hedge Funds Weigh In On Saratoga Investment

Hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its stake in Saratoga Investment by 56.8% during the third quarter. Commonwealth Equity Services LLC now owns 19,040 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 6,895 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Saratoga Investment by 2.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 82,974 shares of the financial services provider’s stock valued at $2,132,000 after buying an additional 2,192 shares during the last quarter. Private Advisor Group LLC raised its stake in Saratoga Investment by 38.7% during the third quarter. Private Advisor Group LLC now owns 82,324 shares of the financial services provider’s stock worth $2,116,000 after acquiring an additional 22,950 shares during the period. Jump Financial LLC lifted its holdings in Saratoga Investment by 23.5% in the third quarter. Jump Financial LLC now owns 12,601 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 2,401 shares during the last quarter. Finally, Barclays PLC acquired a new position in Saratoga Investment in the third quarter valued at approximately $37,000. 19.09% of the stock is currently owned by institutional investors and hedge funds.

Saratoga Investment Company Profile

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.