SAR Stock Summary and Trading Ideas (Saratoga Investment New | NYSE:SAR)

Saratoga Investment Corp is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The Company invests primarily in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. Its objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its debt and equity investments.

Saratoga Investment New trades on the NYSE stock market under the symbol SAR.

As of December 11, 2024, SAR stock price declined to $24.02 with 58,951 million shares trading.

SAR has a beta of 0.14, meaning it tends to be less sensitive to market movements. SAR has a correlation of 0.01 to the broad based SPY ETF.

SAR has a market cap of $331.49 million. This is considered a Small Cap stock.

Last quarter Saratoga Investment New reported $43 million in Revenue and $1.33 earnings per share. This beat revenue expectation by $6 million and exceeded earnings estimates by $.39.

In the last 3 years, SAR traded as high as $29.65 and as low as $20.16.

The top ETF exchange traded funds that SAR belongs to (by Net Assets): VPC, DVDN.

SAR has underperformed the market in the last year with a price return of +3.4% while the SPY ETF gained +33.5%. However, in the short term, SAR had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.8% vs +11.0% return in SPY. But in the last 2 weeks, SAR shares have been beat by the market, returning -2.0% compared to an SPY return of +1.1%.

SAR support price is $23.96 and resistance is $24.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SAR shares will trade within this expected range on the day.