Saratoga Investment Corp New with ticker code (SAR) now have 7 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 29 and 28 suggesting an average Analsyt target price of $28.36. Now with the previous closing price of $25.36 this indicates there is a potential upside of 11.8%. The 50 day moving average now sits at $26.93 while the 200 day moving average is $24.83. The company has a market capitalization of $304m. Company Website: https://www.saratogainvestmentcorp.com
The potential market cap would be $340m based on the market consensus.
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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 9.26% with the ex dividend date set at 15-3-2023 (DMY).
Other points of data to note are a P/E ratio of 23.03, revenue per share of 7.17 and a 4.09% return on assets.