Saratoga Investment Corp (NYSE:SAR) posted its quarterly earnings data on Thursday, May 18th. The financial services provider reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.07, Morningstar.com reports. The company had revenue of $8.36 million during the quarter. Saratoga Investment Corp had a return on equity of 8.88% and a net margin of 29.86%.
Saratoga Investment Corp (NYSE:SAR) opened at 22.43 on Tuesday. The company has a market capitalization of $131.98 million, a PE ratio of 11.31 and a beta of 0.45. The firm’s 50-day moving average is $21.85 and its 200-day moving average is $21.36. Saratoga Investment Corp has a 12 month low of $16.35 and a 12 month high of $23.78.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 27th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.47 per share. This is a boost from Saratoga Investment Corp’s previous quarterly dividend of $0.46. This represents a $1.88 dividend on an annualized basis and a yield of 8.38%. The ex-dividend date of this dividend is Tuesday, June 13th. Saratoga Investment Corp’s dividend payout ratio (DPR) is presently 106.51%.
Several research firms recently weighed in on SAR. TheStreet cut shares of Saratoga Investment Corp from a “b-” rating to a “c+” rating in a research report on Friday, April 7th. Zacks Investment Research cut shares of Saratoga Investment Corp from a “buy” rating to a “hold” rating in a research report on Friday, March 3rd. Saratoga Investment Corp Company Profile