Saratoga Investment Corp. (SAR): Christian L Oberbeck , CEO of Saratoga Investment Corp. purchased 1,586 shares on Jul 6, 2016. The Insider buying transaction was reported by the company on Jul 7, 2016 to the Securities and Exchange Commission. The shares were purchased at $17.08 per share for a total value of $27,088.88 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 19, 2016, Steven M Looney (director) purchased 500 shares at $14.53 per share price.On Jan 22, 2015, George Cabell Iii Williams (director) purchased 5,199 shares at $15.27 per share price.
Saratoga Investment Corp: On Tuesday, Jul 6, 2016 heightened volatility was witnessed in Saratoga Investment Corp which led to swings in the share price. The shares opened for trading at $17.0775 and hit $17.24 on the upside , eventually ending the session at $16.95, with a gain of 0.30% or 0.05 points. The heightened volatility saw the trading volume jump to 16,911 shares. The 52-week high of the share price is $18 and the company has a market cap of $98 M . The 52-week low of the share price is at $13.41.
Saratoga Investment Corp. is an externally managed closed-end non-diversified management investment company. The Company’s investment objective is to generate current income and to a lesser extent capital appreciation from its investments. The Company’s portfolio consists primarily of investments in leveraged loans (both first and second lien term loans) issued by middle market companies. The Company also purchases mezzanine debt and makes equity investments in middle market companies. As of February 28 2015 the Company had investments in 34 portfolio companies. As of February 28 2015 the Company’s overall portfolio consisted of 7.6% of syndicated loans 60.3% of first lien term loans 14.8% of second lien term loans 1.8 % of unsecured notes 7.1% of subordinated notes of Saratoga Investment Corp. collateralized loan obligation (CLO) 2013-1 Ltd. (Saratoga CLO) and 8.4% of common equity. The Company is externally managed and advised by Saratoga Investment Advisors LLC.