Downgrades Buy Neutral X

SAR Saratoga Investment

Ladenburg Thalmann

Upgrades Neutral Buy X

SAR Saratoga Investment

Compass Point

$24.75

Downgrades Outperform Perform X

SAR Saratoga Investment

Oppenheimer

Downgrades Buy Neutral X

SAR Saratoga Investment

Compass Point

Downgrades Buy Neutral X

SAR Saratoga Investment

B. Riley Securities

$28

Downgrades Outperform Mkt Perform X

SAR Saratoga Investment

Hovde Group

$27

Downgrades Outperform Mkt Perform X

SAR Saratoga Investment

Raymond James

Initiated Buy X

SAR Saratoga Investment

Janney

$27

Resumed Buy X

SAR Saratoga Investment

B. Riley Securities

$27.50

Initiated Outperform X

SAR Saratoga Investment

Raymond James

$30

Initiated Outperform X

SAR Saratoga Investment

Oppenheimer

$29

Initiated Outperform X

SAR Saratoga Investment

Hovde Group

$29

Upgrades Neutral Buy X

SAR Saratoga Investment

Janney

Upgrades Neutral Buy X

SAR Saratoga Investment

Ladenburg Thalmann

Initiated Buy X

SAR Saratoga Investment

B. Riley FBR, Inc.

$23.50

SAR  Saratoga Investment Corp

Saratoga Investment Corp. is a specialty finance company. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in leveraged loans and mezzanine debt issued by private middle-market companies in the United States. Its investment objective is to generate current income and, to a lesser extent, capital appreciation from its investments. It purchases mezzanine debt and makes equity investments in middle market companies. It may invest in other investments, such as investments in distressed debt, including securities of companies in bankruptcy, foreign debt, private equity, securities of public companies that are not thinly traded and structured finance vehicles, such as collateralized loan obligation funds. Its leveraged loan portfolio consists primarily of first lien and second lien term loans. The Company's investment activities are externally managed and advised by Saratoga Investment Advisors, LLC.