B. Riley Comments on Saratoga Investment Corp’s Q1 2021 Earnings (NYSE:SAR)

Saratoga Investment Corp (NYSE:SAR) – Research analysts at B. Riley decreased their Q1 2021 earnings per share estimates for shares of Saratoga Investment in a research note issued on Tuesday, March 24th. B. Riley analyst T. Hayes now forecasts that the financial services provider will earn $0.50 per share for the quarter, down from their previous estimate of $0.57. B. Riley currently has a “Buy” rating and a $21.00 target price on the stock. B. Riley also issued estimates for Saratoga Investment’s Q2 2021 earnings at $0.50 EPS, Q3 2021 earnings at $0.50 EPS, Q4 2021 earnings at $0.52 EPS, Q1 2022 earnings at $0.54 EPS, Q2 2022 earnings at $0.56 EPS, Q3 2022 earnings at $0.58 EPS and Q4 2022 earnings at $0.59 EPS.

Other equities research analysts also recently issued research reports about the company. Aegis reaffirmed a “buy” rating on shares of Saratoga Investment in a report on Thursday, December 12th. Zacks Investment Research upgraded Saratoga Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Maxim Group restated a “buy” rating and issued a $29.00 price target on shares of Saratoga Investment in a research report on Thursday, January 9th. Compass Point upgraded Saratoga Investment from a “neutral” rating to a “buy” rating and set a $27.75 price target on the stock in a research report on Thursday, January 9th. Finally, National Securities initiated coverage on Saratoga Investment in a research report on Thursday, December 19th. They issued a “neutral” rating and a $26.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $25.96.

NYSE SAR opened at $14.01 on Thursday. The company has a market cap of $155.85 million, a PE ratio of 3.25 and a beta of 0.79. Saratoga Investment has a 12 month low of $5.94 and a 12 month high of $28.70. The stock has a 50 day moving average of $22.13 and a 200-day moving average of $24.59.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings data on Thursday, January 9th. The financial services provider reported $1.37 EPS for the quarter, beating the consensus estimate of $0.58 by $0.79. The company had revenue of $14.20 million during the quarter, compared to the consensus estimate of $14.17 million. Saratoga Investment had a return on equity of 9.77% and a net margin of 68.38%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new position in shares of Saratoga Investment in the fourth quarter worth $29,000. Victory Capital Management Inc. increased its position in shares of Saratoga Investment by 35.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,545 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 405 shares during the period. Ahrens Investment Partners LLC grew its position in Saratoga Investment by 1.9% in the fourth quarter. Ahrens Investment Partners LLC now owns 22,000 shares of the financial services provider’s stock valued at $549,000 after acquiring an additional 400 shares during the last quarter. PFG Advisors grew its position in Saratoga Investment by 7.3% in the fourth quarter. PFG Advisors now owns 40,312 shares of the financial services provider’s stock valued at $1,013,000 after acquiring an additional 2,729 shares during the last quarter. Finally, WESPAC Advisors LLC bought a new position in Saratoga Investment in the fourth quarter valued at about $1,018,000. Institutional investors own 20.69% of the company’s stock.

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.

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Earnings History and Estimates for Saratoga Investment (NYSE:SAR)

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