Core Viewpoint - Saratoga Investment Corp. is expected to report a decline in quarterly earnings and revenue for its third quarter, with analysts projecting earnings of 59 cents per share and revenue of $31.35 million [1]. Group 1: Earnings Expectations - The company is anticipated to report quarterly earnings of 59 cents per share, a decrease from 90 cents per share in the same period last year [1]. - Revenue is expected to be $31.35 million, down from $35.88 million a year earlier [1]. Group 2: Recent Developments - On November 6, Saratoga Investment announced a new $85 million credit facility with Valley National Bank [2]. - Following the announcement, shares of Saratoga Investment rose by 0.2%, closing at $23.07 [2]. Group 3: Analyst Ratings - Analyst John Rowan from Janney Montgomery Scott downgraded the stock from Buy to Neutral on October 10, 2025, with an accuracy rate of 51% [3]. - Analyst Casey Alexander from Compass Point also downgraded the stock from Buy to Neutral and reduced the price target from $25.25 to $24.25 on June 9, 2025, with an accuracy rate of 66% [3].

Core Viewpoint - Saratoga Investment Corp. is expected to report a decline in quarterly earnings and revenue for its third quarter, indicating potential challenges ahead for the company [1]. Financial Performance - The company is projected to report earnings of 59 cents per share for the third quarter, a decrease from 90 cents per share in the same period last year [1]. - Revenue is anticipated to be $31.35 million, down from $35.88 million a year earlier [1]. Recent Developments - On November 6, Saratoga Investment announced a new $85 million credit facility with Valley National Bank, which may provide additional liquidity for operations [2]. - Following the announcement, shares of Saratoga Investment rose by 0.2%, closing at $23.07 [2]. Analyst Ratings - Analyst John Rowan from Janney Montgomery Scott downgraded the stock from Buy to Neutral on October 10, 2025, with an accuracy rate of 51% [3]. - Analyst Casey Alexander from Compass Point also downgraded the stock from Buy to Neutral and reduced the price target from $25.25 to $24.25 on June 9, 2025, with an accuracy rate of 66% [3].

Core Viewpoint - The article emphasizes the importance of sustainable competitive advantage, margin of safety, and asymmetric risk-reward opportunities in stock investments [1]. Group 1 - The author expresses a personal interest in writing about stocks without claiming any profound insights [1]. - There is a clear distinction made that the content should not be considered as investment advice [3]. - The article reflects the author's own opinions and does not involve any compensation from companies mentioned [2]. Group 2 - The report highlights that past performance does not guarantee future results, indicating a cautionary stance on investment outcomes [4]. - It is noted that only registered investment advisers can provide personalized investment advice, suggesting the need for independent investigation by investors [3].

Core Points - Saratoga Investment Corp. declared a base quarterly dividend of $0.75 per share for Q4 of fiscal 2026, to be paid in three monthly installments of $0.25 each [1][2] - The annualized dividend rate implies a 13.1% yield based on the stock price of $22.86 as of December 9, 2025 [1] - This marks the fourth group of dividends declared for fiscal year 2026, in addition to a special dividend announced last month [2] Dividend History - The base dividend for Q4 2026 is $0.25 per share for each month of December 2025, January 2026, and February 2026, totaling $0.75 for the quarter [3] - The total dividend for the full fiscal year 2026 is projected to be $3.00 per share, with an additional special dividend of $0.25, leading to a total of $3.25 per share [3] Company Overview - Saratoga Investment is a specialty finance company focused on providing customized financing solutions to U.S. middle-market businesses [4][5] - The company primarily invests in senior and unitranche leveraged loans and mezzanine debt, with a goal of generating attractive risk-adjusted returns [5] - Saratoga Investment is regulated as a business development company and is externally managed by Saratoga Investment Advisors, LLC [5]

Core Points - Saratoga Investment Corp. has declared a special cash distribution of $0.25 per share for the third quarter of fiscal 2026, in addition to its regular monthly dividend of $0.25 per share, resulting in a total cash distribution of $0.50 per share for shareholders of record as of December 2, 2025 [1][2][3] Dividend Details - The special dividend will be paid on December 18, 2025, coinciding with the regular monthly dividend payment [2] - This special dividend is intended to meet the final spillover income distribution requirements for fiscal year 2025 [2] - The total dividend per share for fiscal Q3 2026 is $0.50, which includes both the base and special dividends [4] Management Commentary - The Chairman and CEO of Saratoga Investment expressed satisfaction in rewarding shareholders with a year-end special dividend for the second consecutive year, highlighting strong spillover income and a commitment to efficient capital return [3] - The company aims to provide enhanced value to shareholders while maintaining a buffer against potential adverse events, including interest rate cuts [3] Dividend Reinvestment Plan - Shareholders have the option to receive the special dividend in cash or in shares of common stock through the company's dividend reinvestment plan (DRIP) [3] - Shareholders must instruct their brokers if they prefer to receive dividends in common stock prior to the record date [3] Company Overview - Saratoga Investment is a specialty finance company focused on providing customized financing solutions to U.S. middle-market businesses, primarily through senior and unitranche leveraged loans and mezzanine debt [6] - The company is regulated as a business development company and is externally managed by Saratoga Investment Advisors, LLC [6] - Saratoga Investment manages a $650 million collateralized loan obligation (CLO) fund and co-manages a joint venture fund with a $400 million CLO [6]

Core Viewpoint - Saratoga Investment Corp. has secured a new $85 million senior secured revolving credit facility with Valley National Bank, replacing its previous $65 million facility, enhancing borrowing capacity and extending maturity while reducing costs [1][2][4]. Financing Details - The new Valley Facility increases borrowing capacity by $20 million, raising it to $85 million from the previous $65 million [2][5]. - The maturity of the Valley Facility is extended to November 2028, compared to the January 2026 maturity of the Encina Facility [2][5]. - The applicable margin under the Valley Facility is reduced to 2.85% per annum, a decrease of approximately 150 basis points from the previous all-in rate of 4.35% [5]. Asset and Funding Flexibility - The Valley Facility expands the definition of eligible assets for borrowing base calculations to include additional debt investments, enhancing financing flexibility [2][5]. - At closing, approximately $32.5 million of the total $85 million will be drawn, consistent with the outstanding balance under the previous facility, leaving $52.5 million available for incremental funding [3][5]. - The minimum funding requirement under the Valley Facility is set at the greater of $25 million or 38% of the facility amount, compared to a minimum of $32.5 million for the Encina Facility [5]. Management Commentary - The Chairman and CEO of Saratoga Investment expressed satisfaction with the new facility, highlighting its role in enhancing financing flexibility and lowering capital costs, reflecting strong portfolio performance and lending relationships [4]. - The CFO noted that this financing represents a significant step in capital optimization efforts, allowing for a broader range of eligible assets and improved terms [4]. Company Overview - Saratoga Investment Corp. is a specialty finance company focused on providing customized financing solutions to U.S. middle-market businesses, primarily investing in senior and unitranche leveraged loans and mezzanine debt [6]. - The company aims to generate attractive risk-adjusted returns through current income and long-term capital appreciation from its investments [6]. - Saratoga Investment is regulated as a business development company and manages a $650 million collateralized loan obligation fund, among other financial activities [6].

Core Insights - Angry Chickz has secured an investment from Saratoga Investment Corp. to facilitate national expansion, with plans to increase from 33 locations to over 50 in the next year [1] - The company reported $55.6 million in sales for 2024, reflecting a 58.7% year-over-year increase, with average unit volumes of $2.1 million, surpassing competitors like Popeyes and KFC [2] Company Overview - Founded in 2018 in Los Angeles, Angry Chickz has rapidly grown its presence in the quick-service restaurant (QSR) chicken category [2] - The CEO, David Mkhitaryan, expressed enthusiasm about the partnership with Saratoga, emphasizing the importance of capital and strategic support for growth while maintaining quality and culture [3] Investment Details - Saratoga Investment Corp. is a publicly traded business development company that finances middle-market companies across various industries, with a portfolio that includes other food brands [4] - Mike Grisius, co-managing partner and chief investment officer at Saratoga, highlighted Angry Chickz as a compelling growth investment opportunity due to its strong brand and operational discipline [5] - DelMorgan & Co. acted as the exclusive financial advisor for Angry Chickz during this transaction, while Glaser Weil LLP provided legal counsel [5]

Core Insights - The article promotes Systematic Income's Income Portfolios, which are designed with a focus on yield and risk management considerations [1] Group 1 - Systematic Income offers powerful Interactive Investor Tools to assist in navigating various financial markets, including BDC, CEF, OEF, preferred stocks, and baby bonds [1] - The company provides a no-risk opportunity for potential clients to explore its services through a 2-week free trial [1]

Core Insights - The financial sector is experiencing a trend of oversold stocks, presenting potential buying opportunities for undervalued companies [1][2] Company Summaries - **Morningstar Inc (NASDAQ:MORN)**: The company announced an acquisition of the Center for Research in Security Prices (CRSP). Its stock has decreased by approximately 8% over the past month, with a 52-week low of $210.02. The RSI value is 28.1, and shares closed at $214.51, reflecting a 1.8% increase [8] - **Evertec Inc (NYSE:EVTC)**: Recently appointed Joaquin Castrillo as COO and promoted Karla Cruz-Jusino to CFO. The stock has fallen around 12% in the last month, with a 52-week low of $29.38. The RSI value is 28.8, and shares closed at $29.87, showing a 0.9% increase [8] - **Saratoga Investment Corp (NYSE:SAR)**: Reported disappointing quarterly results but noted growth in NAV and strong return on equity. The stock has also decreased by about 12% over the past month, with a 52-week low of $21.10. The RSI value is 28.8, and shares closed at $21.72, up by 0.7% [8]

Group 1 - The article does not provide any specific content related to a company or industry [1]