The stock of Saratoga Investment Corp (NYSE:SAR) hit a new 52-week high and has $27.16 target or 48.00% above today’s $18.35 share price. The 5 months bullish chart indicates low risk for the $107.79 million company. The 1-year high was reported on Oct, 13 by Barchart.com. If the $27.16 price target is reached, the company will be worth $51.74M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 17,073 shares traded hands. Saratoga Investment Corp (NYSE:SAR) has risen 28.39% since March 10, 2016 and is uptrending. It has outperformed by 20.87% the S&P500.
According to Zacks Investment Research, “Saratoga Investment Corporation, formerly known as GSC Investment Corp., is a specialty finance company that invests primarily in leveraged loans and mezzanine debt issued by U.S. middle-market companies, both through direct lending and through participation in loan syndicates. The Company has been elected to be treated as a business development company.”
More notable recent Saratoga Investment Corp (NYSE:SAR) news were published by: Prnewswire.com which released: “Saratoga Investment Corp. Announces Fiscal Second Quarter 2017 Financial Results” on October 12, 2016, also Marketwatch.com with their article: “Saratoga Investment Corp.” published on February 01, 2011, Prnewswire.com published: “Saratoga Investment Corp. to Report Fiscal Second Quarter 2017 Financial …” on September 19, 2016. More interesting news about Saratoga Investment Corp (NYSE:SAR) were released by: Benzinga.com and their article: “Earnings Scheduled For October 12, 2016” published on October 12, 2016 as well as Prnewswire.com‘s news article titled: “Leading Proxy Advisory Firms ISS and Glass Lewis Recommend that Saratoga …” with publication date: September 22, 2015.
SAR Company Profile
Saratoga Investment Corp., incorporated on March 21, 2007, is a specialty finance company. The Firm is an externally managed, closed-end, non-diversified management investment company. The Firm invests primarily in leveraged loans and mezzanine debt issued by private middle-market companies in the United States. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation from its investments. The Firm also purchases mezzanine debt and makes equity investments in middle market companies.
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