Saratoga(US:SAR)2021-07-08 15:41Financial Performance - Saratoga Investment Corp's investment quality remains strong, with 92.9% of loan investments holding the highest internal rating[2] - The company's Return on Equity (ROE) for the last twelve months (LTM) was 19.4%, surpassing the BDC industry average of 17.6%[2] - Saratoga Investment Corp experienced unrealized appreciation of $16.8 million in Q1, fully recovering from the value reduction in Q1 of the previous year[2] - The Adjusted Net Investment Income (NII) reached $6.3 million, an increase of 8.2%, with Adjusted NII per share rising by 4 cents to 56 cents[2] - The Net Asset Value (NAV) per share increased by $1.45, or 5.3%, to $28.70, reaching its highest level yet[2] Asset Growth and Portfolio - Assets Under Management (AUM) increased by 22% since the last quarter and 40% since the previous year, driven by originations of $119.2 million in Q1[2] - The fair value of the investment portfolio is $677.8 million, exceeding the total cost of the portfolio by 3.2%[2] - The company has $157 million in total available liquidity at quarter-end, enabling AUM growth by 23% without new external financing[17] - The portfolio yield is 8.6%, representing the weighted average current yield of the existing portfolio[18] Dividend and Returns - The company increased its dividend by $0.01 to $0.44 per share for the quarter ended May 31, 2021[2] - Saratoga Investment Corp's LTM total return was 68%, outperforming the BDC Index at 54%[80]