Saratoga Investment Reports Q1 NAV per Share of $23.23
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 15 hours ago
0mins
Reports Q1 NAV per share $23.23. Christian Oberbeck, chairman and CEO of Saratoga Investment, commented, "In a quarter defined by sector-wide pressure across private credit, Saratoga's last twelve months return on equity of 4.0% continued to beat the BDC industry average of 2.4%, even as we grew assets under management 1.6% to $1.126 billion on $31 million of net originations. Our core BDC portfolio valuations this quarter reflected portfolio company and market adjustments, and core BDC portfolio fair value remains within 0.2% of cost, continuing to demonstrate solid overall credit quality in a challenging and volatile macroeconomic environment."
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Analyst Views on SAR
Wall Street analysts forecast SAR stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 21.420
Low
23.00
Averages
24.00
High
25.00
Current: 21.420
Low
23.00
Averages
24.00
High
25.00
About SAR
Saratoga Investment Corp. is a specialty finance company that provides customized financing solutions to United States 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. Its investment’s objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its debt and equity investments. The Company’s portfolio is comprised primarily of investments in leveraged loans issued by middle-market companies. It also invests in mezzanine debt and makes equity investments in middle-market companies. The Company’s investment activities are externally managed and advised by Saratoga Investment Advisors, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Saratoga Investment to Announce Q1 Earnings on July 7
- Earnings Announcement: Saratoga Investment (SAR) is set to release its Q1 2023 earnings on July 7 after market close, with consensus EPS estimate at $0.54, reflecting an 18.2% year-over-year decline, and revenue estimate at $31.38 million, down 2.9% year-over-year.
- Historical Performance: Over the past two years, SAR has beaten EPS and revenue estimates 63% of the time, indicating a degree of stability in its financial performance despite market fluctuations.
- Estimate Revision Trends: In the last three months, EPS estimates have seen one upward revision and four downward revisions, while revenue estimates have experienced three upward revisions and two downward revisions, highlighting analyst divergence and market uncertainty regarding the company's future performance.
- Dividend Policy: Saratoga Investment has declared a monthly base dividend of $0.25, aiming to achieve portfolio growth amid competitive spreads, demonstrating the company's ongoing commitment to shareholder returns.
See More
Saratoga Investment Q1 Earnings Miss Expectations
- Non-GAAP NII Miss: Saratoga Investment reported a Q1 non-GAAP net investment income of $0.47, missing expectations by $0.07, indicating pressure on earnings that could affect investor confidence.
- Total Investment Income Decline: The total investment income of $30.77 million represents a 4.8% year-over-year decline and fell short of expectations by $0.61 million, suggesting challenges in profitability amid the current market environment.
- Dividend Declaration: Despite the disappointing financial performance, Saratoga Investment declared a dividend of $0.25 per share, demonstrating a commitment to shareholders that may alleviate some investor concerns.
- Relative Market Stability: Even with software risks, Saratoga Investment has held up better than the broader BDC market, indicating resilience and competitive strength in an uncertain market landscape.
See More
Major Earnings Ahead: Penguin Solutions and Saratoga Investment Corp.
- Earnings Release Preview: On Tuesday, Penguin Solutions (PENG) and Saratoga Investment Corp. (SAR) are set to release their earnings reports, with market participants keenly awaiting their performance and future outlook, which could influence investor confidence and stock price volatility.
- Market Reaction Expectations: Investors are particularly optimistic about Penguin Solutions' earnings, especially following the market feedback on its new product launches, which may positively impact its stock price.
- Industry Dynamics Analysis: As a significant player in the financial services sector, Saratoga Investment Corp.'s earnings report will provide critical insights into investment returns and asset management strategies, potentially influencing overall industry trends.
- Earnings Season Schedule: This earnings release is a crucial part of the earnings season, prompting investors to closely monitor the relevant data to adjust their investment strategies and seize market opportunities.
See More
Analysis of SAR's Dividend Performance and Expectations
- Dividend Yield Expectation: SAR's current annualized dividend yield stands at 13.28%, and while dividends are often unpredictable, historical data suggests this yield may remain stable, indicating the company's ongoing dividend-paying capability.
- Price Fluctuation Range: SAR's 52-week low is $20.78 and high is $25.64, with the latest trade at $22.40, demonstrating reasonable price volatility that may attract investor interest.
- ETF Holdings Insight: SAR constitutes 1.48% of the Virtus Private Credit Strategy ETF (Symbol: VPC), which is up about 0.2% on the day, suggesting that market confidence in SAR is positively influencing the performance of related ETFs.
- Market Performance: In Thursday trading, shares of Saratoga Investment Corp rose approximately 0.2%, reflecting market recognition of its dividend-paying ability and potentially attracting more investor interest in its future dividend policies.
See More
Saratoga Investment Corp. Financial Results Announcement Schedule
- Financial Reporting Schedule: Saratoga Investment Corp. will release its financial results for the fiscal quarter ending May 31, 2026, on July 7, 2026, after market close, reflecting its performance in the middle-market financing sector.
- Conference Call Details: A conference call is scheduled for July 8, 2026, at 10:00 AM ET, where executives will discuss the financial results, likely attracting attention from investors and analysts.
- Investment Strategy Overview: Saratoga focuses on providing customized financing solutions to U.S. middle-market businesses, primarily investing in senior and unitranche leveraged loans and mezzanine debt to achieve attractive risk-adjusted returns.
- Asset Management Status: The company manages a $350 million collateralized loan obligation (CLO) fund and co-manages a $400 million joint venture fund, showcasing its strengths in diversified funding sources and permanent capital base.
See More
Saratoga Investment Corp's Potential Dividend Run Alert
- Dividend Run Concept: Saratoga Investment Corp (SAR) is set to go ex-dividend on July 6, 2026, with an expected dividend of $0.25 per share; historical data indicates that the stock price rose by $0.26 in the two weeks leading up to the ex-dividend date, suggesting that market expectations for dividends may drive stock price increases, attracting more investor attention.
- Historical Performance Analysis: In the last four dividend payments, SAR's capital gains exceeded the total dividend amount, with a cumulative capital gain of $2.19 compared to a total dividend payout of only $1.00, demonstrating a consistent upward trend in the stock price prior to dividends, potentially providing a lucrative investment opportunity.
- Diverse Investment Strategies: Investors have varying views on the timeframe for capturing Dividend Run effects, with some opting to buy and hold for two weeks before the ex-dividend date, while others prefer to sell the day before to maximize capital gains; this flexibility allows investors to tailor their strategies to their specific needs.
- Future Outlook: With an implied annualized yield of 13.58%, SAR attracts investors seeking stable income through dividends; although past performance does not guarantee future returns, its potential for Dividend Runs makes it a stock worth monitoring.
See More
Saratoga Investment to Announce Q1 Earnings on July 7
- Earnings Announcement: Saratoga Investment (SAR) is set to release its Q1 2023 earnings on July 7 after market close, with consensus EPS estimate at $0.54, reflecting an 18.2% year-over-year decline, and revenue estimate at $31.38 million, down 2.9% year-over-year.
- Historical Performance: Over the past two years, SAR has beaten EPS and revenue estimates 63% of the time, indicating a degree of stability in its financial performance despite market fluctuations.
- Estimate Revision Trends: In the last three months, EPS estimates have seen one upward revision and four downward revisions, while revenue estimates have experienced three upward revisions and two downward revisions, highlighting analyst divergence and market uncertainty regarding the company's future performance.
- Dividend Policy: Saratoga Investment has declared a monthly base dividend of $0.25, aiming to achieve portfolio growth amid competitive spreads, demonstrating the company's ongoing commitment to shareholder returns.
See More
Saratoga Investment Q1 Earnings Miss Expectations
- Non-GAAP NII Miss: Saratoga Investment reported a Q1 non-GAAP net investment income of $0.47, missing expectations by $0.07, indicating pressure on earnings that could affect investor confidence.
- Total Investment Income Decline: The total investment income of $30.77 million represents a 4.8% year-over-year decline and fell short of expectations by $0.61 million, suggesting challenges in profitability amid the current market environment.
- Dividend Declaration: Despite the disappointing financial performance, Saratoga Investment declared a dividend of $0.25 per share, demonstrating a commitment to shareholders that may alleviate some investor concerns.
- Relative Market Stability: Even with software risks, Saratoga Investment has held up better than the broader BDC market, indicating resilience and competitive strength in an uncertain market landscape.
See More
Major Earnings Ahead: Penguin Solutions and Saratoga Investment Corp.
- Earnings Release Preview: On Tuesday, Penguin Solutions (PENG) and Saratoga Investment Corp. (SAR) are set to release their earnings reports, with market participants keenly awaiting their performance and future outlook, which could influence investor confidence and stock price volatility.
- Market Reaction Expectations: Investors are particularly optimistic about Penguin Solutions' earnings, especially following the market feedback on its new product launches, which may positively impact its stock price.
- Industry Dynamics Analysis: As a significant player in the financial services sector, Saratoga Investment Corp.'s earnings report will provide critical insights into investment returns and asset management strategies, potentially influencing overall industry trends.
- Earnings Season Schedule: This earnings release is a crucial part of the earnings season, prompting investors to closely monitor the relevant data to adjust their investment strategies and seize market opportunities.
See More
Analysis of SAR's Dividend Performance and Expectations
- Dividend Yield Expectation: SAR's current annualized dividend yield stands at 13.28%, and while dividends are often unpredictable, historical data suggests this yield may remain stable, indicating the company's ongoing dividend-paying capability.
- Price Fluctuation Range: SAR's 52-week low is $20.78 and high is $25.64, with the latest trade at $22.40, demonstrating reasonable price volatility that may attract investor interest.
- ETF Holdings Insight: SAR constitutes 1.48% of the Virtus Private Credit Strategy ETF (Symbol: VPC), which is up about 0.2% on the day, suggesting that market confidence in SAR is positively influencing the performance of related ETFs.
- Market Performance: In Thursday trading, shares of Saratoga Investment Corp rose approximately 0.2%, reflecting market recognition of its dividend-paying ability and potentially attracting more investor interest in its future dividend policies.
See More
Saratoga Investment Corp. Financial Results Announcement Schedule
- Financial Reporting Schedule: Saratoga Investment Corp. will release its financial results for the fiscal quarter ending May 31, 2026, on July 7, 2026, after market close, reflecting its performance in the middle-market financing sector.
- Conference Call Details: A conference call is scheduled for July 8, 2026, at 10:00 AM ET, where executives will discuss the financial results, likely attracting attention from investors and analysts.
- Investment Strategy Overview: Saratoga focuses on providing customized financing solutions to U.S. middle-market businesses, primarily investing in senior and unitranche leveraged loans and mezzanine debt to achieve attractive risk-adjusted returns.
- Asset Management Status: The company manages a $350 million collateralized loan obligation (CLO) fund and co-manages a $400 million joint venture fund, showcasing its strengths in diversified funding sources and permanent capital base.
See More
Saratoga Investment Corp's Potential Dividend Run Alert
- Dividend Run Concept: Saratoga Investment Corp (SAR) is set to go ex-dividend on July 6, 2026, with an expected dividend of $0.25 per share; historical data indicates that the stock price rose by $0.26 in the two weeks leading up to the ex-dividend date, suggesting that market expectations for dividends may drive stock price increases, attracting more investor attention.
- Historical Performance Analysis: In the last four dividend payments, SAR's capital gains exceeded the total dividend amount, with a cumulative capital gain of $2.19 compared to a total dividend payout of only $1.00, demonstrating a consistent upward trend in the stock price prior to dividends, potentially providing a lucrative investment opportunity.
- Diverse Investment Strategies: Investors have varying views on the timeframe for capturing Dividend Run effects, with some opting to buy and hold for two weeks before the ex-dividend date, while others prefer to sell the day before to maximize capital gains; this flexibility allows investors to tailor their strategies to their specific needs.
- Future Outlook: With an implied annualized yield of 13.58%, SAR attracts investors seeking stable income through dividends; although past performance does not guarantee future returns, its potential for Dividend Runs makes it a stock worth monitoring.
See More
