Saratoga Investment (NYSE:SAR – Get Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report on Thursday.
Several other equities analysts have also issued reports on SAR. Hovde Group decreased their target price on Saratoga Investment to $25.00 in a research note on Wednesday, October 5th. Raymond James decreased their price objective on Saratoga Investment from $28.50 to $28.00 and set an “outperform” rating on the stock in a research note on Thursday, October 6th.
Presentation of Saratoga investment prices
NYSE SAR opened at $27.16 on Thursday. Saratoga Investment has a twelve month low of $20.16 and a twelve month high of $29.65. The company has a debt-to-equity ratio of 0.07, a quick earnings ratio of 0.03, and a current ratio of 0.03. The stock has a market cap of $323.20 million, a PE ratio of 19.54 and a beta of 1.33. The stock has a 50-day simple moving average of $22.65 and a 200-day simple moving average of $23.98.
Institutional investors weigh in on investments in Saratoga
Several large investors have recently modified their holdings of SAR. Fairfield Bush & CO. bought a new stake in shares of Saratoga Investment in the first quarter valued at approximately $27,000. Lazard Asset Management LLC bought a new stake in shares of Saratoga Investment in the first quarter valued at approximately $38,000. UBS Group AG increased its stake in shares of Saratoga Investment by 44.3% in the first quarter. UBS Group AG now owns 5,810 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 1,783 shares during the period. Larson Financial Group LLC purchased a new stake in shares of Saratoga Investment during the third quarter valued at approximately $176,000. Finally, Avantax Advisory Services Inc. boosted its stake in shares of Saratoga Investment by 5.6% in the second quarter. Avantax Advisory Services Inc. now owns 8,852 shares of the financial services provider’s stock valued at $212,000 after buying an additional 469 shares during the period. 19.74% of the shares are currently owned by institutional investors.
Saratoga Investment Company Profile
Saratoga Investment Corp. is a business development company specializing in leveraged buyout and management, acquisition financing, growth financing, recapitalization, debt refinancing and bridge financing transactions at the lower end of middle market companies. It structures its investments as debt and equity, 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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