SAR - Saratoga Investment Corp.

NYSE - NYSE Delayed Price. Currency in USD
28.14
+0.24 (+0.86%)
At close: 4:02PM EST
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Previous Close27.90
Open27.95
Bid0.00 x 800
Ask0.00 x 2200
Day's Range27.93 - 28.49
52 Week Range22.00 - 28.49
Volume159,161
Avg. Volume102,590
Market Cap314.659M
Beta (5Y Monthly)0.66
PE Ratio (TTM)6.43
EPS (TTM)4.38
Earnings DateJan 08, 2020
Forward Dividend & Yield2.24 (7.96%)
Ex-Dividend DateJan 21, 2020
1y Target Est27.50
  • 3 Buy-Rated Dividend Stocks Yielding 8% — Or More
    TipRanks

    3 Buy-Rated Dividend Stocks Yielding 8% — Or More

    When a stock goes up, that's good. We all like to "buy low" and "sell high." Problem is, that's not always the way things work out. Sometimes, you buy a stock low, and it fails to become high. In fact, sometimes it goes... lower!So how do profit when a stock stubbornly refuses to go up? How do you mitigate the damage of a stock that sinks instead of rising? How do you guarantee that you make a profit no matter what?One word: Dividends.Using TipRank's Stock Screener tool it's possible to identify and invest in stocks paying dividends rich enough to deliver something close to the stock market's promised "10% long-term average return" out of dividend income alone. And if, in an ideal situation, the stock both pays its dividend and goes up in stock price? Why then, you should be well ahead of the game. Here are three stocks offering such double-whammy profit potential.Saratoga Investment (SAR)Beginning at the top, Saratoga Investment is a corporation that makes investments (Surprise!). Specifically, it's a business development company that specializes in lending money and making equity investments to facilitate leveraged and management buyouts of smaller companies -- companies doing at least $2 million in annual earnings before interest, taxes, depreciation, and amortization (EBITDA).Last week, Saratoga Investment was brought to our attention by Maxim analyst Michael Diana, when he noted that two recent investment "exits" had provided enough liquidity to raise the company's net asset value by about 9% -- prompting a price target hike to $29 a share. Saratoga closed trading Friday at $26.74, so that's a target price about 8.5% above current market price. (To watch Diana's track record, click here)But as I've already implied, price target isn't the only attraction at Saratoga, which also pays a big dividend yield of 8.7%. That's more than 4x the going rate on the S&P 500, and as Diana points out, Saratoga grew its dividend payout for 20 consecutive quarters before taking a "pause" in fiscal Q3 2020. What's more, once Saratoga has had an opportunity to reinvest the cash raised from its recent exits, Diana anticipates we'll see further dividend hikes in this company's future -- perhaps as soon as fiscal 2021.This prospect appears to have attracted the attention of other analysts as well. In addition to Maxim, two other investment banks, B. Riley FBR and Compass Point, have issued buy ratings on the stock in the past week. With an average target price of $27.60, Wall Street seems in agreement that this stock is worth at least 3% more than it's selling for today, and with its dividend added in, should deliver a total expected return on the order of nearly 12% over the next year. (See Saratoga stock analysis at TipRanks)Ares Capital Corp (ARCC)A second company in the business development biz is Ares Capital Corporation, and like Saratoga, it's a generous dividend payer -- 8.6%. Un-like Saratoga, Ares Capital is a much larger fish, boasting a market capitalization of $7.9 billion, versus Saratoga's market cap of just $260 million.With much more capital to work with, Ares also fishes in deeper waters. A specialist in business acquisitions, recapitalizations, and restructurings, this company makes investments as large as $400 million at a time -- and in companies doing up to $250 million in EBITDA -- both through the extension of direct loans, and also by participating in syndicated loans (loans extended by a group of companies acting in concert, and spreading around both the risk and the profit).Earlier this month, Ares, too won an endorsement on Wall Street, when Wedbush analyst Henry Coffey bumped his its 12-month price target by 5% to $21 a share, implying 12.5% upside to the shares. (To watch Coffey's track record, click here)Whereas Maxim believes that Saratoga will resume raising its dividends next year, Coffey is optimistic that Ares will hike its dividend this year, and not by a little either, but from $0.40 to $0.47 per share -- a 17.5% increase.Incidentally, Coffey's price target is now the highest on Wall Street -- but others do share his sentiment. On average, analysts see about 10% upside to $20.50 for this stock, and the most recent rating prior to Coffey's was likewise a "buy" -- from RBC Capital analyst Kenneth Lee. (See Ares Capital stock analysis at TipRanks)Global Net Lease (GNL)Shifting gears a bit here at the end, our third and final 8%-plus payer of the day is not a business development company, but a real estate investment trust (REIT) instead.Focusing on the leasing of commercial office space (52% of assets), industrial and warehouse space (43%), and retail (5%0, Global Net Lease is a globe-spanning corporation with $1.8 billion in market cap, $300 million in revenue, and operations in seven different countries in Europe and North America. In line with the well-publicized struggles of brick-and-mortar retail in the U.S., Global Net Lease has been gradually reducing its exposure to this aspect of the market, in particular, divesting 32 Family Dollar locations in the final quarter of 2019.The company still does good business with the properties it's keeping, however, and indeed has 99.6% of the properties on its books leased and generating rental income.Speaking of which, Global Net Lease stands out on today's list as the only company that currently pays out more money in dividends than it makes in profit -- a point of some concern inasmuch as the company needs to earn profits if it's to maintain its generous 10.5% dividend yield. No to worry, though. In a note issued in November, B. Riley FBR analyst Bryan Maher assured investors that recent purchases of "12 net lease properties in the U.S." and planned purchases of 17 other properties in the U.S., Italy, and Canada, have Global Net lease "on pace to [earn enough money to] cover its dividend by mid-2021."Accordingly, Maher maintains a "buy" rating on the stock with a $24 price target that implies nearly 21% upside to the stock. (To watch Maher's track record, click here)Judging from the consensus breakdown, it has been relatively quiet when it comes to other analyst activity. Over the last three months, only 2 analysts have reviewed the real estate firm. Both of which, however, were bullish, making the consensus a Moderate Buy. On top of this, the $22.75 average price target puts the upside potential at ~15%. (See GNL stock analysis at TipRanks)

  • Thomson Reuters StreetEvents

    Edited Transcript of SAR earnings conference call or presentation 9-Jan-20 3:00pm GMT

    Q3 2020 Saratoga Investment Corp Earnings Call

  • ACCESSWIRE

    Saratoga Investment Corp. To Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / January 9, 2020 / Saratoga Investment Corp. (NYSE:SAR) will be discussing their earnings results in their 2020 Third Quarter Earnings to be held on January 9, 2020 at 10:00 ...

  • Saratoga Investment (SAR) Q3 Earnings and Revenues Beat Estimates
    Zacks

    Saratoga Investment (SAR) Q3 Earnings and Revenues Beat Estimates

    Saratoga Investment (SAR) delivered earnings and revenue surprises of 3.39% and 0.22%, respectively, for the quarter ended November 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Saratoga Investment Corp. Announces Fiscal Third Quarter 2020 Financial Results and Quarterly Dividend of $0.56 per Share ($2.24 per Share on an Annualized Basis)

    NEW YORK, Jan. 08, 2020 -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced financial results for.

  • Are Gr. Sarantis S.A.’s (ATH:SAR) High Returns Really That Great?
    Simply Wall St.

    Are Gr. Sarantis S.A.’s (ATH:SAR) High Returns Really That Great?

    Today we are going to look at Gr. Sarantis S.A. (ATH:SAR) to see whether it might be an attractive investment...

  • Hedge Funds Have Never Been This Bullish On Saratoga Investment Corp (SAR)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Saratoga Investment Corp (SAR)

    Before we spend days researching a stock idea we like to take a look at how hedge funds and billionaire investors recently traded that stock. Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018. This means hedge funds […]

  • GlobeNewswire

    Saratoga Investment Corp. to Hold Conference Call to Report Fiscal Third Quarter 2020 Financial Results and Announce Third Quarter Dividend

    NEW YORK, Dec. 09, 2019 -- Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results and announce its dividend for the fiscal.

  • Read This Before You Buy Gr. Sarantis S.A. (ATH:SAR) Because Of Its P/E Ratio
    Simply Wall St.

    Read This Before You Buy Gr. Sarantis S.A. (ATH:SAR) Because Of Its P/E Ratio

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll...

  • Vice Chairman & CEO Kyriakos Sarantis Just Bought Shares In Gr. Sarantis S.A. (ATH:SAR)
    Simply Wall St.

    Vice Chairman & CEO Kyriakos Sarantis Just Bought Shares In Gr. Sarantis S.A. (ATH:SAR)

    Those following along with Gr. Sarantis S.A. (ATH:SAR) will no doubt be intrigued by the recent purchase of shares by...

  • Calculating The Intrinsic Value Of Gr. Sarantis S.A. (ATH:SAR)
    Simply Wall St.

    Calculating The Intrinsic Value Of Gr. Sarantis S.A. (ATH:SAR)

    Does the October share price for Gr. Sarantis S.A. (ATH:SAR) reflect what it's really worth? Today, we will estimate...

  • Thomson Reuters StreetEvents

    Edited Transcript of SAR earnings conference call or presentation 10-Oct-19 2:00pm GMT

    Q2 2020 Saratoga Investment Corp Earnings Call

  • Investors Who Bought Gr. Sarantis (ATH:SAR) Shares Five Years Ago Are Now Up 114%
    Simply Wall St.

    Investors Who Bought Gr. Sarantis (ATH:SAR) Shares Five Years Ago Are Now Up 114%

    While Gr. Sarantis S.A. (ATH:SAR) shareholders are probably generally happy, the stock hasn't had particularly good...

  • ACCESSWIRE

    Saratoga Investment Corp. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / October 10, 2018 / Saratoga Investment Corp. (NYSE: SAR ) will be discussing their earnings results in their 2020 Second Quarter Earnings to be held on October 10, 2018 at 10:00 ...

  • GlobeNewswire

    Saratoga Investment Corp. Announces Fiscal Second Quarter 2020 Financial Results

    NEW YORK, Oct. 09, 2019 -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced financial results for.

  • Earnings Preview: Saratoga Investment (SAR) Q2 Earnings Expected to Decline
    Zacks

    Earnings Preview: Saratoga Investment (SAR) Q2 Earnings Expected to Decline

    Saratoga Investment (SAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • GlobeNewswire

    Saratoga Investment Corp. to Report Fiscal Second Quarter 2020 Financial Results and Hold Conference Call

    NEW YORK, Sept. 23, 2019 -- Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended August 31,.

  • Does Gr. Sarantis S.A. (ATH:SAR) Have A Place In Your Dividend Portfolio?
    Simply Wall St.

    Does Gr. Sarantis S.A. (ATH:SAR) Have A Place In Your Dividend Portfolio?

    Could Gr. Sarantis S.A. (ATH:SAR) be an attractive dividend share to own for the long haul? Investors are often drawn...

  • GlobeNewswire

    Saratoga Investment Corp. Increases Quarterly Dividend to $0.56 per Share Represents the 20th Sequential Quarterly Dividend Increase

    Saratoga Investment Corp. (SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its Board of Directors has declared an increased quarterly dividend of $0.56 per share for the fiscal quarter ended August 31, 2019, payable on September 26, 2019, to all stockholders of record at the close of business on September 13, 2019. This increase is the twentieth sequential increase to the Company’s quarterly dividends.  The Company paid a quarterly dividend of $0.55 per share for the quarter ended May 31, 2019, $0.54 per share for the quarter ended February 28, 2019, $0.53 per share for the quarter ended November 30, 2018, $0.52 per share for the quarter ended August 31, 2018, and $0.51 per share for the quarter ended May 31, 2018, as well as quarterly throughout fiscal years 2018, 2017 and 2016.

  • GlobeNewswire

    Saratoga Investment Corp. Receives Approval of Second SBIC License Providing Up to $175 Million of Additional Growth Capital

    The new license will provide up to $175 million in additional long-term capital in the form of SBA debentures. As a result of the 2016 omnibus spending bill signed into law in December 2015, the maximum amount of SBA-guaranteed debentures that affiliated SBIC funds can have outstanding was increased from $225 million to $350 million. With this license approval, Saratoga will grow its SBA relationship from $150 million to $325 million of committed capital.

  • Gr. Sarantis (ATH:SAR) Seems To Use Debt Quite Sensibly
    Simply Wall St.

    Gr. Sarantis (ATH:SAR) Seems To Use Debt Quite Sensibly

    Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

  • Is Gr. Sarantis S.A. (ATH:SAR) Potentially Undervalued?
    Simply Wall St.

    Is Gr. Sarantis S.A. (ATH:SAR) Potentially Undervalued?

    Gr. Sarantis S.A. (ATH:SAR), which is in the personal products business, and is based in Greece, saw a significant...

  • Have Insiders Been Selling Gr. Sarantis S.A. (ATH:SAR) Shares?
    Simply Wall St.

    Have Insiders Been Selling Gr. Sarantis S.A. (ATH:SAR) Shares?

    We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...

  • Thomson Reuters StreetEvents

    Edited Transcript of SAR earnings conference call or presentation 11-Jul-19 2:00pm GMT

    Q1 2020 Saratoga Investment Corp Earnings Call