Saratoga InvestmentSAR
SAR
About: Saratoga Investment Corp is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The Company invests primarily in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. Its objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its debt and equity investments.
0
Funds holding %
of 6,810 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0.1% more ownership
Funds ownership: 15.4% [Q2] → 15.49% (+0.1%) [Q3]
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
3% less capital invested
Capital invested by funds: $47.9M [Q2] → $46.6M (-$1.26M) [Q3]
6% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 17
3% less funds holding
Funds holding: 58 [Q2] → 56 (-2) [Q3]
48% less call options, than puts
Call options by funds: $394K | Put options by funds: $751K
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$25
2%
upside
Avg. target
$25
4%
upside
High target
$26
7%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
Compass Point Casey Alexander 73% 1-year accuracy 11 / 15 met price target | 7%upside $26 | Buy Maintained | 11 Oct 2024 |
B. Riley Securities Bryce Rowe 75% 1-year accuracy 6 / 8 met price target | 2%upside $25 | Neutral Reiterated | 10 Oct 2024 |
Oppenheimer Mitchel Penn 57% 1-year accuracy 4 / 7 met price target | 2%upside $25 | Perform Maintained | 10 Oct 2024 |
Financial journalist opinion
Based on 5 articles about SAR published over the past 30 days
Positive
Zacks Investment Research
3 hours ago
Saratoga Investment (SAR) Q3 Earnings and Revenues Top Estimates
Saratoga Investment (SAR) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $1.01 per share a year ago.
Neutral
GlobeNewsWire
5 hours ago
Saratoga Investment Corp. Announces Fiscal Third Quarter 2025 Financial Results
Reports 1.1% Sequential Quarter Increase in Adjusted NII per Share (Excluding the Effect of the One-Time Interest Reserve Reversal) and Grows LTM ROE to 9.2%
Positive
Seeking Alpha
6 days ago
Saratoga Investment: Improved Portfolio Quality And Attractive Outlook (Rating Upgrade)
I am upgrading my rating on Saratoga Investment to a buy due to resilient portfolio quality, improved non-accruals, and strong dividend coverage. SAR's diverse portfolio, primarily in healthcare, has a low non-accrual rate, with 85.2% of investments in senior secured debt, ensuring stability. SAR's net investment income increased significantly, supporting a high dividend yield of 12.4%, with the potential for continued supplemental distributions.
Neutral
GlobeNewsWire
3 weeks ago
Saratoga Investment Corp. to Report Fiscal Third Quarter 2025 Financial Results and Hold Conference Call
NEW YORK, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended November 30, 2024, on Wednesday January 8, 2025, after market close. A conference call to discuss the financial results will be held on Thursday January 9, 2025. Details for the conference call are provided below.
Positive
Seeking Alpha
3 weeks ago
I'm Putting +9% Yields Under My Income Tree
I've always loved seeing carefully wrapped gifts underneath the Christmas tree. I also love seeing income rain into my account. Don't miss out on wonderful memories because you missed buying cheap income streams. I love income; you need income, let's work together.
Neutral
GlobeNewsWire
2 months ago
Saratoga Investment Corp. Announces Quarterly Dividend of $0.74 Per Share for the Fiscal Third Quarter Ending November 30, 2024
Also Announces Special Dividend of $0.35 Per Share Fulfilling our Fiscal 2024 Distribution Requirements Total Distributions in the Fiscal Third Quarter Amount to $1.09 Per Share
Positive
24/7 Wall Street
2 months ago
These 10 Dividend Stocks are Generating $6,000 in Annual Dividend Income
24/7 Wall Street Insights Dividend stocks offer some of the most flexible options to suit investors of all types who seek passive income.
Positive
Seeking Alpha
2 months ago
3 BDCs With Highest Dividend Coverage Levels: Only One Is A Defensive Leader
The investment environment for BDCs remains solid, but there are some clear risks, which call for extra caution. One of the ways to protect current income streams from BDC allocations is to focus on high dividend coverage level picks. I have identified Top 3 BDCs, which carry the highest dividend coverage levels in the sector (on average around 150%).
Negative
Seeking Alpha
2 months ago
BDC Weekly Review: Dividend Capture Is A Tough Gig
We take a look at the action in business development companies through the second week of October and highlight some of the key themes we are watching. BDCs were down on the week, with PSEC and TPVG underperforming. GAIN's large special dividend led to a significant stock rally pre-ex-div date; the dividend capture strategy proved ineffective, as the stock opened down more than the dividend.
Neutral
Seeking Alpha
2 months ago
A Game Plan For BDC Investors Before The Earnings Season
Major BDCs are soon about to report their Q3, 2024 earnings. The current sector-wide challenges do not send encouraging signals. The Management team of SAR, which is one the BDCs that report 10-Q early, has indicated that the headwinds indeed persist.
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