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 Q1 2023

Earnings data Q2 2023

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NEW YORK, Feb. 28, 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 $0.69 per share for the fiscal fourth quarter ended February 28, 2023, an increase of $0.01 from $0.68 per share in the prior fiscal third quarter. This dividend is payable on March 30, 2023, to all stockholders of record at the close of business on March 16, 2023.

Saratoga Investment Corp. Increases Quarterly Dividend by $0.01, or 1.5%, to $0.69 per Share for the Fiscal Fourth Quarter Ended February 28, 2023

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We take a look at the action in business development companies through the third week of February and highlight some of the key themes we are watching. BDCs had a strong week, bouncing back due to continuing strong earnings.

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We take a look at the action in business development companies through the second week of February and highlight some of the key themes we are watching. BDCs had a rare off week, as most income sectors finished in the red.

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BDCs have staged an impressive rally over the past couple of months, erasing nearly all of the 2022 drawdown. With a lower margin of safety, it can make sense to rotate some of the capital to BDC baby bonds such as the Saratoga Investment SAY bonds.

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We take a look at the action in business development companies through the fourth week of January and highlight some of the key themes we are watching. BDCs had another good week with the sector approaching a double-digit return this year already.

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We take a look at the action in business development companies through the third week of January and highlight some of the key themes we are watching. BDCs were flat during the week, with both stocks and Treasuries proving to be mild headwinds.

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Saratoga Investment (SAR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Why Saratoga Investment (SAR) Might be Well Poised for a Surge

Saratoga Investment Corp (NYSE:SAR ) Q3 2023 Earnings Conference Call January 11, 2023 10:00 AM ET Company Participants Henri Steenkamp - Chief Financial and Compliance Officer Christian Oberbeck - Chairman and CEO Michael Grisius - Chief Investment Officer Conference Call Participants Bryce Rowe - B. Riley Casey Alexander - Compass Point Research & Trading Robert Dodd - Raymond James Erik Zwick - Hovde Group Operator Good morning, ladies and gentlemen, thank you for standing by.

Saratoga Investment Corp (SAR) Q3 2023 Earnings Call Transcript

Saratoga Investment (SAR) delivered earnings and revenue surprises of 14.93% and 10.02%, respectively, for the quarter ended November 2022. Do the numbers hold clues to what lies ahead for the stock?

Saratoga Investment (SAR) Surpasses Q3 Earnings and Revenue Estimates

NEW YORK, Jan. 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 2023 fiscal third quarter, with Net Investment Income (“NII”) per share notably up 30% over the prior quarter and up 84% over the year ago quarter, and Adjusted NII per share up 33% and 45%, respectively, over those same periods. This increase in earnings reflects the positive effects of rising rates on the Company's asset and credit structure, comprised of income from its largely floating rate assets in contrast to expenses from its largely fixed rate credit liabilities.

Saratoga Investment Corp. Announces Fiscal Third Quarter 2023 Financial Results

Saratoga Investment has a healthy portfolio and recently obtained a third SBIC license. It recently raised its dividend by a substantial amount and is benefitting from higher interest rates.

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As December 2022 comes to a close, we observe six new preferred stock / exchange-traded-debt (ETD) offerings during the month, offering annual yields ranging from 6.75% to 11.875%. Here is a comparison against the highest quality preferred stocks in our coverage universe, as ranked by our internal “CDx3 Compliance Score” metric.

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Saratoga Investment (SAR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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Contact: Henri Steenkamp                                        Saratoga Investment Corp.                                 212-906-7800

Saratoga Investment Corp. to Report Fiscal Third Quarter 2023 Financial Results and Hold Conference Call

Saratoga Investment (SAR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Saratoga Investment (SAR) Moves to Strong Buy: Rationale Behind the Upgrade

NEW YORK, NY , Dec. 05, 2022 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (the “Company”) (NYSE: SAR) today announced that it has priced an underwritten public offering of $52.5 million in aggregate principal amount of 8.125% unsecured notes due 2027 (the “Notes”).

Saratoga Investment Corp. Prices Public Offering of $52.5 Million 8.125% Notes Due 2027

NEW YORK, NY, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (the “Company”) (NYSE: SAR) announced the commencement of a registered public offering of unsecured notes (the “Notes”).  The Company also announced that it has received an investment grade rating of “BBB+” from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.

Saratoga Investment Corp. Announces Offering of Notes and BBB+ Investment Grade Rating from Egan-Jones Ratings Company

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Saratoga Investment (SAR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Saratoga Investment (SAR) Stock Jumps 5.6%: Will It Continue to Soar?

NEW YORK, Nov. 15, 2022 (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 $0.68 per share for the fiscal third quarter ended November 30, 2022, substantially increased from $0.54 per share in the prior fiscal second quarter. This dividend is payable on January 4, 2023, to all stockholders of record at the close of business on December 15, 2022.

Saratoga Investment Corp. Increases Quarterly Dividend by 26%, or $0.14, to $0.68 per Share for the Fiscal Third Quarter Ended November 30, 2022

As October 2022 comes to a close, we observe just one single ETD introduced during the month, maturing in 2027 and offering an 8% coupon. Here is a comparison against the highest quality preferred stocks in our coverage universe, as ranked by our internal “CDx3 Compliance Score” metric.

News for Saratoga Investment ETF (SAR)