Market Overview

UPDATE: Gilford Securities Initiates Coverage on Saratoga Investment on Positive Outlook

Related SAR
Earnings Scheduled For May 17, 2016
Worst Performing Industries For December 16, 2015
Which High-Yield BDCs Are Ready To Rally? (Seeking Alpha)

In a report published Tuesday, Gilford Securities analyst Casey Alexander initiated coverage on Saratoga Investment Corp. (NYSE: SAR) with a Buy rating and $23.00 price target.

In the report, Gilford Securities noted, “We are initiating coverage on Saratoga Investment Corp (SAR) with a Buy Rating and a price target of $23 per share. Saratoga Investment Corp (Symbol: SAR) is a business development company (BDC) headquartered in NYC, New York. It invests primarily in leveraged loans and mezzanine debt issued by private U.S. middle-market companies, both through direct lending and through participation in loan syndicates. Saratoga targets cash flow positive companies with annual revenues between $10 and $100 million and EBITDA in excess of $2 million. The investment objective of Saratoga is to generate current income and capital appreciation from its investments.”

Saratoga Investment Corp. closed on Monday at $19.15.

Latest Ratings for SAR

Oct 2013Gilford SecuritiesInitiates Coverage onBuy

View More Analyst Ratings for SAR
View the Latest Analyst Ratings

Posted-In: Casey Alexander gilford securitiesAnalyst Color Initiation Analyst Ratings


Related Articles (SAR)

View Comments and Join the Discussion!