Some Traders Are Very Bullish on Saratoga Investment Corp. (SAR) After Forming Bullish Double Top

The chart of Saratoga Investment Corp. (SAR) shows a double top with $27.03 target or 6.00 % above today’s $25.50 share price. The 5 months chart pattern indicates low risk for the $222.18M company. It was reported on Sep, 9 by Finviz.com. If the $27.03 price target is reached, the company will be worth $13.33 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.24% or $0.06 during the last trading session, reaching $25.5. About 90,967 shares traded or 20.74% up from the average. Saratoga Investment Corp. (NYSE:SAR) has risen 4.22% since September 9, 2018 and is uptrending. It has outperformed by 4.22% the S&P500.

Analysts await Saratoga Investment Corp. (NYSE:SAR) to report earnings on October, 9. They expect $0.60 EPS, down 13.04 % or $0.09 from last year’s $0.69 per share. SAR’s profit will be $5.23 million for 10.63 P/E if the $0.60 EPS becomes a reality. After $0.60 actual EPS reported by Saratoga Investment Corp. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More notable recent Saratoga Investment Corp. (NYSE:SAR) news were published by: Seekingalpha.com which released: “Saratoga: With 17 Straight Dividend Hikes, This Special BDC Yields 9% – Seeking Alpha” on April 20, 2019, also Finance.Yahoo.com with their article: “Some Sareum Holdings (LON:SAR) Shareholders Are Down 33% – Yahoo Finance” published on June 14, 2019, Nasdaq.com published: “Financial Sector Update for 08/27/2019: BMO, JPM, SAR, EV – Nasdaq” on August 27, 2019. More interesting news about Saratoga Investment Corp. (NYSE:SAR) were released by: Seekingalpha.com and their article: “Saratoga Investment Corp 2020 Q1 – Results – Earnings Call Slides – Seeking Alpha” published on July 11, 2019 as well as Globenewswire.com‘s news article titled: “Saratoga Investment Corp. Increases Quarterly Dividend to $0.54 per Share Represents the 18th Sequential Quarterly Dividend Increase – GlobeNewswire” with publication date: February 26, 2019.

Saratoga Investment Corp. is a business development firm 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. The company has market cap of $222.18 million. 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 has a 8.47 P/E ratio. It seeks to invest in the United States.

Saratoga Investment Corp. (NYSE:SAR) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.