Saratoga Investment Corp New which can be found using ticker (SAR) now have 7 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 29 and 28 with the average target price sitting at $28.36. Given that the stocks previous close was at $23.82 this is indicating there is a potential upside of 19.1%. The day 50 moving average is $26.58 and the 200 day moving average is $24.73. The company has a market cap of $289m. You can visit the company’s website by visiting: https://www.saratogainvestmentcorp.com
The potential market cap would be $344m based on the market consensus.
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. The firm prefers to invest in aerospace, automotive aftermarket and services, business products and services, consumer products and services, education, environmental services, industrial services, financial services, food and beverage, healthcare products and services, logistics, distribution, manufacturing, restaurants services, food services, software services, technology services, specialty chemical, media and telecommunications. It seeks to invest in the United States. The firm primarily invests $5 million to $50 million in companies having EBITDA of $2 million or greater and revenues of $8 million to $250 million. The firm prefer to take a majority stake. It invests through direct lending as well as participation in loan syndicates. The firm was formerly known as GSC Investment Corp. Saratoga Investment Corp. is based in New York, New York with an additional office in Florham Park, New Jersey.
The company has a dividend yield of 10.24% with the ex dividend date set at 15-3-2023 (DMY).
Other points of data to note are a P/E ratio of 20.76, revenue per share of 7.17 and a 4.09% return on assets.
