Compass Point Initiates Coverage on Saratoga Investment Corp to Neutral

Compass Point Initiates Coverage on Saratoga Investment Corp(NYSE:SAR). The shares have been rated Neutral. The rating by Compass Point was issued on Jul 26, 2016.

Saratoga Investment Corp (SAR) shares turned negative on Fridays trading session with the shares closing down -0.04 points or -0.23% at a volume of 10,181. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.33. The peak price level was also seen at $17.33 while the days lowest was $17.16. Finally the shares closed at $17.16. The 52-week high of the shares is $18.71 while the 52-week low is $13.41. According to the latest information available, the market cap of the company is $99 M.

Saratoga Investment Corp(SAR) last announced its earnings results on Jul 13, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $7.91M. Analysts had an estimated revenue of $8.25M. Earnings per share were $0.46. Analysts had estimated an EPS of $0.51.

Several Insider Transactions has been reported to the SEC. On Jul 7, 2016, Christian L Oberbeck (CEO) purchased 1,586 shares at $17.08 per share price.Also, On Jan 19, 2016, Steven M Looney (director) purchased 500 shares at $14.53 per share price.On Jan 22, 2015, George Cabell Iii Williams (director) purchased 5,199 shares at $15.27 per share price, according to the Form-4 filing with the securities and exchange commission.

Saratoga Investment Corp. is an externally managed closed-end non-diversified management investment company. The Company’s investment objective is to generate current income and to a lesser extent capital appreciation from its investments. The Company’s portfolio consists primarily of investments in leveraged loans (both first and second lien term loans) issued by middle market companies. The Company also purchases mezzanine debt and makes equity investments in middle market companies. As of February 28 2015 the Company had investments in 34 portfolio companies. As of February 28 2015 the Company’s overall portfolio consisted of 7.6% of syndicated loans 60.3% of first lien term loans 14.8% of second lien term loans 1.8 % of unsecured notes 7.1% of subordinated notes of Saratoga Investment Corp. collateralized loan obligation (CLO) 2013-1 Ltd. (Saratoga CLO) and 8.4% of common equity. The Company is externally managed and advised by Saratoga Investment Advisors LLC.

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