Saratoga Investment

Saratoga Investment Corp. is a specialty finance company, which engages in the provision of financing solutions. Its portfolio includes investments in leveraged loans issued by middle market companies. The company was founded on March 21, 2007 and is headquartered in New York, NY.

Earnings data Q4 2021

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Saratoga Investment Corp reports robust performance and strategic growth initiatives

Saratoga Investment Corp demonstrated strong financial performance with a notable rise in adjusted net investment income per share annually.
The company's prudent credit quality, strategic workforce planning, and ample investment capacity position them well for future growth.
While facing challenges with specific investments, Saratoga's proactive risk management and focus on talent acquisition present opportunities for value creation.
Strategic decision-making on capital utilization and investment opportunities will be crucial for Saratoga to navigate market dynamics and drive sustainable growth.

Saratoga Investment Corp. reports strong Q1 earnings amidst market challenges

Saratoga Investment Corp. demonstrated solid financial performance with increased income and strong credit quality, despite challenges in NAV and total return.
The company's strategic focus on existing portfolio companies and effective portfolio management are key strengths, while credit risk management and diversification remain critical areas to address.
Opportunities lie in leveraging financial flexibility for growth, actively managing challenged credits, and exploring a balanced mix of new and existing investments for enhanced returns.
Overall, Saratoga's performance reflects stability, prudent financial decisions, and a commitment to maximizing shareholder value through strategic portfolio management.

Saratoga Investment Corp. reports robust Q2 earnings and strategic growth outlook

Saratoga Investment Corp.'s Q2 2025 earnings call showcased strong financial performance, effective asset management, and a proactive approach to addressing challenges. With a focus on growth opportunities and risk mitigation strategies, the company remains well-positioned for continued success in the market.

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Saratoga Investment (SAR) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.58 per share a year ago.

Saratoga Investment (SAR) Surpasses Q2 Earnings and Revenue Estimates

NEW YORK, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company (“BDC”), today announced financial results for its 2024 fiscal second quarter, with Net Investment Income (“NII”) per share down 15% from last quarter though up 80% over last year's second quarter, and adjusted NII per share unchanged from last quarter, and up 86% from last year. The substantial year-over-year increase in earnings reflect growth in Assets under Management (“AUM”), stable overall portfolio performance and margin improvement from rising rates on Saratoga Investment's largely floating rate assets, with costs of financing liabilities remaining largely fixed.

Saratoga Investment Corp. Announces Fiscal Second Quarter 2024 Financial Results

Saratoga is currently paying out an 11% yield after hiking its quarterly payout for the eleventh time since a pandemic-era cut. This was 152% covered by net investment income for the BDC's most recent fiscal 2024 first quarter. The BDC's high leverage ratio poses elevated risks in the event of an economic downturn, despite its record investment income.

Saratoga Investment: 11% Yield And Dividend Hiked But Leverage Elevated

Contact: Henri SteenkampSaratoga Investment Corp.212-906-7800 NEW YORK, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended August 31, 2023, on Monday October 9, 2023, after market close.

Saratoga Investment Corp. to Report Fiscal Second Quarter 2024 Financial Results and Hold Conference Call

Urges Stockholders to Reduce Solicitation Costs by Voting their Shares Immediately

Saratoga Investment Corp. Announces Distribution of Proxy Materials for its 2023 Annual Meeting of Stockholders

NEW YORK, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.71 per share for the fiscal second quarter ended August 31, 2023, an increase of $0.01 from $0.70 per share in the prior fiscal first quarter, and the fourteenth quarterly dividend increase in a row. This dividend is payable on September 28, 2023, to all stockholders of record at the close of business on September 14, 2023.

Saratoga Investment Corp. Increases Quarterly Dividend by $0.01, or 1.4%, to $0.71 per Share for the Fiscal Second Quarter Ended August 31, 2023

Saratoga Investment Corp offers a high yield of 10.5% that's well-covered by net investment income. SAR has a well-diversified portfolio and has maintained a steady NAV per share in recent years. The stock currently trades at a discount to NAV and should continue to benefit from high interest rates.

Saratoga Investment: A +10% Yield And Discount To NAV

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Saratoga Investment Corp (NYSE:SAR ) Q1 2024 Earnings Conference Call July 11, 2023 10:00 AM ET Company Participants Henri Steenkamp - Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary Christian Oberbeck - Chairman and Chief Executive Officer Michael Grisius - Chief Investment Officer Conference Call Participants Mickey Schleien - Ladenburg Bryce Rowe - B. Riley Casey Alexander - Compass Point Research Erik Zwick - Hovde Group Operator Good morning, ladies, and gentlemen.

Saratoga Investment Corp (SAR) Q1 2024 Earnings Call Transcript

NEW YORK, July 10, 2023 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company (“BDC”), today announced financial results for its 2024 fiscal first quarter, with Net Investment Income (“NII”) per share up 67% and 105% over last quarter and last year's first quarter, respectively, and adjusted NII per share up 10% and 104%, respectively, over those same periods. These substantial increases in earnings reflect growth in Assets under Management (“AUM”) and margin improvement from rising rates on Saratoga Investment's largely floating rate assets, which comprise approximately 99% of the Company's AUM, while costs of financing liabilities remain largely fixed.

Saratoga Investment Corp. Announces Fiscal First Quarter 2024 Financial Results

Saratoga has returned around 24% on a total return basis over the last year. Its portfolio held a weighted average yield of 10.7% as of the end of its last reported fiscal 2023 fourth quarter. Saratoga's fourth-quarter earnings were strong, with total investment income growing by 70.3% year-over-year.

Saratoga Investment: An Under-The-Radar 10.4% Dividend Yield

Saratoga Investment Corporation is a Business Development Corporation paying a 9.7% yield. This is set to increase to 10.4% on a forward basis. The company has a quality capital structure, holding fixed-rate debt with maturities of 2–10 years and principal only due at expiration. This capital structure has positioned the firm to benefit from rising rates, as its customers hold floating rate debt that has yielded more as rates have increased.

Saratoga Investment Corp: Solid Buy With Quality Capital Structure

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We take a look at the action in business development companies through the fourth week of June and highlight some of the key themes we are watching. BDCs reversed their rally as broader markets cooled from the recent strong run. BDCs have been issuing fixed-rate bonds at 8%+ coupons - a relatively high level over the past decade which can compress their net income if the Fed cuts rates.

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NEW YORK, June 26, 2023 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended May 31, 2023, on Monday July 10, 2023, after market close. A conference call to discuss the financial results will be held on Tuesday July 11, 2023. Details for the conference call are provided below.

Saratoga Investment Corp. to Report Fiscal First Quarter 2024 Financial Results and Hold Conference Call

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Deep Fishing For Bargains: High Yields From BDC Bonds

NEW YORK, May 22, 2023 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.70 per share for the fiscal first quarter ended May 31, 2023, an increase of $0.01 from $0.69 per share in the prior fiscal fourth quarter, and the thirteenth quarterly dividend increase in a row. This dividend is payable on June 29, 2023, to all stockholders of record at the close of business on June 13, 2023.

Saratoga Investment Corp. Increases Quarterly Dividend by $0.01, or 1.4%, to $0.70 per Share for the Fiscal First Quarter Ended May 31, 2023

Saratoga Investment Corp (NYSE:SAR ) Q4 2023 Earnings Conference Call May 3, 2023 12:00 PM ET Company Participants Christian Oberbeck - Chairman, Chief Executive Officer Henri Steenkamp - Chief Financial and Compliance Officer Michael Grisius - Chief Investment Officer Conference Call Participants Bryce Rowe - B. Riley Mickey Schleien - Ladenburg Casey Alexander - Compass Point Research & Trading Robert Dodd - Raymond James Erik Zwick - Hovde Group Operator Good morning, ladies and gentlemen.

Saratoga Investment Corp (SAR) Q4 2023 Earnings Call Transcript

Saratoga Investment (SAR) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.53 per share a year ago.

Saratoga Investment (SAR) Surpasses Q4 Earnings and Revenue Estimates

NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company (“BDC”), today announced financial results for its 2023 fiscal year and fourth quarter, with Net Investment Income (“NII”) per share up 69% over both last year and last year's fourth quarter, and adjusted NII per share notably up 27% and 85%, respectively, over those same periods. This increase in earnings reflects the improving margins, primarily from rising rates on Saratoga Investment's floating rate assets, which comprise approximately 89% of the Company's assets under management, and the largely fixed interest rates paid on financing liabilities.

Saratoga Investment Corp. Announces Fiscal Year-End and Fourth Quarter 2023 Financial Results

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We take a look at the action in preferreds and baby bonds through the third week of April and highlight some of the key themes we are watching. Preferreds had another decent week as credit spreads continued to tighten. Sector yield remains attractive at around 7%.

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Saratoga Investment (SAR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

News for Saratoga Investment ETF (SAR)