Saratoga Investment Corp (SAR) : Orinda Asset Management added new position in Saratoga Investment Corp during the most recent quarter end. The investment management firm now holds 12,329 shares of Saratoga Investment Corp which is valued at $210,086 , the company said in a statement filed on Aug 3, 2016 with the SEC.Saratoga Investment Corp makes up approximately 0.23% of Orinda Asset Management’s portfolio.
Other Hedge Funds, Including , Rmb Capital Management reduced its stake in SAR by selling 11,345 shares or 26.86% in the most recent quarter. The Hedge Fund company now holds 30,886 shares of SAR which is valued at $526,297. Saratoga Investment Corp makes up approx 0.04% of Rmb Capital Management’s portfolio. Donald L. Hagan sold out all of its stake in SAR during the most recent quarter. The investment firm sold 500 shares of SAR which is valued $8,860.Foundry Partners boosted its stake in SAR in the latest quarter, The investment management firm added 4,564 additional shares and now holds a total of 96,938 shares of Saratoga Investment Corp which is valued at $1,673,150. Saratoga Investment Corp makes up approx 0.16% of Foundry Partners’s portfolio.Cue Financial Group reduced its stake in SAR by selling 2,400 shares or 5.8% in the most recent quarter. The Hedge Fund company now holds 38,965 shares of SAR which is valued at $672,536. Saratoga Investment Corp makes up approx 0.56% of Cue Financial Group’s portfolio.
Saratoga Investment Corp opened for trading at $17.24 and hit $17.65 on the upside on Monday, eventually ending the session at $17.64, with a gain of 3.16% or 0.54 points. The heightened volatility saw the trading volume jump to 46,519 shares. Company has a market cap of $101 M.
Many Wall Street Analysts have commented on Saratoga Investment Corp. Compass Point Initiated Saratoga Investment Corp on Jul 26, 2016 to “Neutral”, Price Target of the shares are set at $18.
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.