Saratoga Investment (SAR) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $0.94 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 41.49%. A quarter ago, it was expected that this business development company would post earnings of $0.97 per share when it actually produced earnings of $1.05, delivering a surprise of 8.25%. Over the last fo ...

On October 8, 2024, Saratoga Investment Corp (SAR, Financial) released its 8-K filing for the fiscal second quarter of 2025, showcasing a commendable financial performance that surpassed analyst expectations. Saratoga Investment Corp, a specialty finance company, provides customized financing solutions to U.S. middle-market businesses, primarily investing in senior and unitranche leveraged loans, mezzanine debt, and equity. Oct 08, 2024 Powered by 0 Performance Highlights and Challenges Saratoga Investment ...

Saratoga Investment Corp (SAR, Financial) is set to release its Q2 2025 earnings on Oct 8, 2024. The consensus estimate for Q2 2025 revenue is $37.12 million, and the earnings are expected to come in at $0.94 per share. The full year 2025's revenue is expected to be $147.75 million and the earnings are expected to be $3.17 per share. More detailed estimate data can be found on the Forecast page. Saratoga Investment Corp (SAR, Financial) Estimates Trends Over the past 90 days, revenue estimates for Saratoga ...

The market expects Saratoga Investment (SAR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended August 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be r ...

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This Dividend Represents an Increase of Approximately 4.2% as Compared to Same Second Quarter of Fiscal 2024 NEW YORK, Aug. 22, 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 second quarter ending August 31, 2024, which represents a 4.2% increase as compared to the $0.71 per share distributed in the second qua ...

Financial Data and Key Metrics Changes - Saratoga's adjusted net investment income (NII) per share increased by 12% compared to the previous quarter, reflecting a 19% increase in recurring net interest margin driven by a 9% rise in average assets under management [21][28] - The company's total expenses increased from $2.3 million to $2.9 million compared to last year, representing 1.0% of average total assets on an annualized basis, up from 0.8% last year [29] - The net asset value (NAV) was $367.9 million, a decrease of $2.3 million from the last quarter but an increase of $30.4 million from the same quarter last year [30] Business Line Data and Key Metrics Changes - Originations this quarter totaled $39 million, while repayments and amortization amounted to $76 million, leading to a quarter-end cash position of $93.3 million [24] - The credit quality remained high, with 98.3% of credits rated in the highest category, and only 1.6% of fair value in non-accrual status [25] Market Data and Key Metrics Changes - The overall M&A activity for private equity-backed deals is at record lows, impacting new investment opportunities [3][4] - The company noted that competition on pricing is increasing due to the capital sitting on the sidelines and low new deal activity [4][47] Company Strategy and Development Direction - The company is focusing on the lower end of the middle market, which is viewed as a favorable position for credit quality and deal activity [6][47] - Management is actively implementing changes to capital structure and business plans to enhance recovery value [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deploy capital effectively despite the current low deal activity, emphasizing the importance of maintaining high underwriting standards [7][60] - The management team is focused on supporting existing portfolio companies and managing a few challenged credits, with a strong emphasis on maintaining balance sheet strength and liquidity [38][62] Other Important Information - The company has a significant amount of dry powder available, totaling $299 million, which includes cash and undrawn credit facilities [31] - The annualized dividend of $0.74 per share reflects a 13.1% dividend yield, with the company over-earning its dividend by $0.31 this quarter [26][72] Q&A Session Summary Question: Can you provide commentary on the investing environment and repayment activity? - Management noted that while M&A activity is low, there are still opportunities to support existing portfolio companies, and repayment activity may pick up due to aggressive pricing from lenders [3][4] Question: How is the cash position and undistributed income being managed? - The company mentioned a growing cash position and is evaluating the undistributed income in light of potential future investments [8][9] Question: What is the nature of the follow-on investments made this quarter? - Most follow-on investments were for tuck-in acquisitions in existing platforms, reflecting a strategy that has historically worked well [96] Question: Can you elaborate on the non-accrual investments and their status? - Management confirmed that three investments remain on non-accrual, with ongoing efforts to recover capital from these investments [62][64] Question: How does the company view the competitive landscape in the current market? - While some larger private credit platforms are moving down market, the company has not seen significant competition affecting its operations [14][16]

Saratoga Investment Corp. Fiscal First Quarter 2025 Shareholder Presentation July 10, 2024 Steady Long-Term Growth and Performance in Q1 2025 Fiscal First Quarter 2025 Highlights: • 98.3% of loan investments with highest internal rating and three non-accruals (1.6% of fair value / 4.8% of cost) • Remaining total Pepper Palace and Zollege fair value as of quarter-end is $4.4m • Fair value of $1.096 billion is 2.4% below total cost of portfolio, with core non-CLO BDC portfolio, excluding Zollege and Pepper Pa ...

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 ...