Saratoga Investment Corp New found using ticker (SAR) have now 8 analysts covering the stock with the consensus suggesting a rating of ‘Strong_Buy’. The target price ranges between 30 and 23 calculating the average target price we see 28.31. Now with the previous closing price of 27.26 this would indicate that there is a potential upside of 3.9%. The day 50 moving average is 25.92 and the 200 moving average now moves to 24.1. The company has a market cap of $302m. Company Website: http://www.saratogainvestmentcorp.com
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. It seeks to invest in the United States. The firm primarily invests $5 million to $20 million in companies having EBITDA of $2 million or greater and revenues of $8 million to $150 million. 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.