Saratoga Investment (SAR) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.25%. A quarter ago, it was expected that this business development company would post earnings of $0.96 per share when it actually produced earnings of $0.94, delivering a surprise of -2.08%. Over the last fo ...

For the three months ended and as of February 29, 2024 NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company ("BDC"), today announced financial results for its 2025 fiscal first quarter, with Net Investment Income ("NII") per share of $1.05 versus $1.35 last year and $0.94 for last year's fourth quarter, and adjusted NII per share of $1.05 versus $1.08 last year and $0.94 for last year's fourth quarter. The C ...

Saratoga Investment's annualized first quarter dividend of $0.74 per share and adjusted net investment income of $1.05 per share imply a 13.1% dividend yield and 18.6% earnings yield based on its recent stock price of $22.59 per share on July 8, 2024. This substantial overearning of the dividend by 31c this quarter, or $1.24 annualized per share, amply supports the increased level of dividends, increases Net Asset Value ("NAV"), supports increased portfolio growth and provides a cushion against adverse even ...

NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company ("BDC"), today announced financial results for its 2025 fiscal first quarter, with Net Investment Income ("NII") per share of $1.05 versus $1.35 last year and $0.94 for last year's fourth quarter, and adjusted NII per share of $1.05 versus $1.08 last year and $0.94 for last year's fourth quarter. Saratoga Investment's annualized first quarter dividend of $ ...

1M USD TERM SOFR - The 1 month USD TERM SOFR rate as of February 29, 2024 was 5.32%. 3M USD TERM SOFR - The 3 month USD TERM SOFR rate as of February 29, 2024 was 5.33%. 6M USD TERM SOFR - The 6 month USD TERM SOFR rate as of February 29, 2024 was 5.27%. PIK - Payment-in-Kind (see Note 2 to the consolidated financial statements). Note 1. Organization The Company is externally managed and advised by the investment adviser, Saratoga Investment Advisors, LLC (the "Manager" or "Saratoga Investment Advisors"), p ...

WATERTOWN, Mass., July 08, 2024 (GLOBE NEWSWIRE) -- Kymera Therapeutics, Inc. (NASDAQ: KYMR), a clinical-stage biopharmaceutical company advancing a new class of small molecule medicines using targeted protein degradation (TPD), today announced that following a review of preliminary KT-474 safety and efficacy data by an Independent Data Review Committee, Sanofi has informed Kymera that it intends to expand the ongoing Hidradenitis Suppurativa (HS) and Atopic Dermatitis (AD) Phase 2 trials to more rapidly pr ...

Who: Christian L. Oberbeck, Chairman and Chief Executive Officer Michael J. Grisius, Chief Investment Officer Henri J. Steenkamp, Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary Webcast: Interested parties may access a live webcast of the call and find the Q1 2025 presentation by going to the "Events & Presentations" section of Saratoga Investment Corp.'s investor relations website, Saratoga events and presentations (https://ir.saratogainvestmentcorp.com/events-presentations). A r ...

How: NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended May 31, 2024, on Tuesday July 9, 2024, after market close. A conference call to discuss the financial results will be held on Wednesday July 10, 2024. Details for the conference call are provided below. Who: Christian L. Oberbeck, Chairman and Chief Executive Officer Michael J. Grisius, Chief Investment Officer Henri J. Steenkam ...

About Saratoga Investment Contact: Henri Steenkamp Saratoga Investment Corp. 212-906-7800 NEW YORK, May 23, 2024 (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 $0.74 per share for the fiscal first quarter ended May 31, 2024, an increase of $0.01 from $0.73 per share in the prior fiscal fourth quarter, and the seventeenth quarterly dividend incre ...

About Saratoga Investment Saratoga Investment is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The Company invests primarily in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. Saratoga Investment's objective ...