Saratoga Investment (NYSE:SAR) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Saratoga Investment Corp. (NYSE:SAR)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.98 and traded as high as $25.50. Saratoga Investment shares last traded at $25.00, with a volume of 210,284 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SAR shares. Compass Point lowered their price objective on shares of Saratoga Investment from $26.25 to $25.25 and set a “buy” rating for the company in a research note on Monday, January 13th. StockNews.com upgraded shares of Saratoga Investment from a “hold” rating to a “buy” rating in a research report on Sunday, January 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Saratoga Investment presently has an average rating of “Hold” and a consensus target price of $25.08.

Saratoga Investment Price Performance

The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average is $24.45 and its 200-day moving average is $23.98. The company has a market cap of $358.65 million, a PE ratio of 10.08 and a beta of 1.34.

Saratoga Investment (NYSE:SAR) last announced its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.08. Saratoga Investment had a net margin of 22.01% and a return on equity of 15.53%. On average, equities analysts anticipate that Saratoga Investment Corp. will post 3.93 EPS for the current year.

Institutional Investors Weigh In On Saratoga Investment

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new stake in Saratoga Investment in the third quarter worth about $116,000. International Assets Investment Management LLC grew its holdings in Saratoga Investment by 2,268.4% in the third quarter. International Assets Investment Management LLC now owns 112,238 shares of the financial services provider’s stock worth $2,603,000 after purchasing an additional 107,499 shares during the period. Kovitz Investment Group Partners LLC bought a new position in shares of Saratoga Investment in the third quarter worth approximately $1,450,000. Wealthcare Advisory Partners LLC increased its position in shares of Saratoga Investment by 2.9% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 32,845 shares of the financial services provider’s stock valued at $786,000 after acquiring an additional 911 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Saratoga Investment by 14.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 138,185 shares of the financial services provider’s stock valued at $3,205,000 after acquiring an additional 17,379 shares in the last quarter. Hedge funds and other institutional investors own 19.09% 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.