Today’s Market Runner: Saratoga Investment Corp Can’t Be More Hot. Just Reaches 52-Week High

Today's Market Runner: Saratoga Investment Corp Can't Be More Hot. Just Reaches 52 Week High

The stock of Saratoga Investment Corp (NYSE:SAR) hit a new 52-week high and has $21.46 target or 8.00% above today’s $19.87 share price. The 7 months bullish chart indicates low risk for the $114.97 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $21.46 price target is reached, the company will be worth $9.20M 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. The stock increased 0.66% or $0.13 on November 28, hitting $19.87. About 20,370 shares traded hands. Saratoga Investment Corp (NYSE:SAR) has risen 23.12% since April 25, 2016 and is uptrending. It has outperformed by 17.11% the S&P500.

Analysts await Saratoga Investment Corp (NYSE:SAR) to report earnings on January, 11.

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 important recent Saratoga Investment Corp (NYSE:SAR) news were published by: Marketwatch.com which released: “Saratoga Investment Corp.” on February 01, 2011, also Nasdaq.com published article titled: “Saratoga Investment Corp Reports Q2 Earning Per Share up vs. Year Ago, Gain in …”, Prnewswire.com published: “Saratoga Investment Corp. Announces a Special Dividend of $0.20 per Share” on August 08, 2016. More interesting news about Saratoga Investment Corp (NYSE:SAR) was released by: Seekingalpha.com and their article: “Saratoga Investment Corp: Potential Catalyst For A Revaluation” with publication date: June 19, 2014.

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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