Saratoga Invt Corp Stock Price, News & Analysis

Saratoga Investment Corp (NYSE: SAR) entered an $85.0 million senior secured revolving credit facility with Valley National Bank as sole lead arranger and administrative agent, replacing a $65.0 million facility with Encina.

Key terms: facility size increased by $20.0 million, maturity extended to November 2028 (vs January 2026), initial draw of approximately $32.5 million with $52.5 million available, and an applicable margin of 2.85% per annum (no SOFR adjustment), ~150 bps lower than the prior all-in rate. The borrowing base now includes additional debt investments and cash withdrawals/advances may be requested with three business days' notice.

Saratoga Investment (NYSE: SAR) reported fiscal Q2 2026 results for the quarter ended August 31, 2025. Key metrics: NAV $410.5M (up $14.1M QoQ), NAV/share $25.61, AUM $995.3M, and cash $200.8M. Quarterly ROE was 13.8%, producing LTM ROE of 9.1% versus a BDC industry average of 7.3%. Adjusted NII was $0.58 per share and adjusted NII decreased versus prior periods. Net originations were $52.2M; portfolio fair value rose by $3.8M in the quarter. Only one investment remains on non-accrual, representing 0.2% of portfolio fair value. Total undrawn capacity and cash available totaled $406.8M.

Saratoga Investment Corp. (NYSE:SAR), a business development company, has scheduled its fiscal Q2 2026 financial results announcement for October 7, 2025, after market close. A conference call to discuss the results will be held on October 8, 2025, at 10:00 a.m. ET.

The company specializes in providing customized financing solutions to U.S. middle-market businesses, focusing on senior and unitranche leveraged loans, mezzanine debt, and equity investments. SAR manages significant assets, including two active SBIC-licensed subsidiaries, a $650 million CLO fund in wind-down, and co-manages a joint venture fund with a $400 million CLO fund.

Saratoga Investment Corp. (NYSE:SAR) has declared a quarterly dividend of $0.75 per share for Q3 fiscal 2026, to be paid in three monthly installments of $0.25 per share. The payments are scheduled for October 23, November 20, and December 18, 2025.

Based on the company's recent stock price of $24.54 (as of September 9, 2025), this dividend rate represents an annualized yield of 12.2%. The company maintains its consistent dividend distribution pattern, having paid regular quarterly dividends since fiscal 2023, with historical payments showing steady growth from $0.53 to the current $0.25 monthly rate.

Shareholders can receive payments in cash or opt for shares through the company's dividend reinvestment plan (DRIP), with the share price calculated at 95% of the average market price over the ten trading days preceding payment.

Saratoga Investment Corp. (NYSE:SAR) has announced the distribution of proxy materials for its 2025 Annual Meeting of Stockholders, scheduled for September 25, 2025, at 10:00 a.m. ET. The meeting will be held at Eversheds Sutherland's New York office.

Stockholders of record as of July 29, 2025, are eligible to vote. The company's Annual Report on Form 10-K and definitive proxy statement are available on Saratoga's Investor Relations website. The company emphasizes the importance of prompt voting to reduce solicitation costs.

Saratoga Investment Corp. (NYSE:SAR), a business development company, reported strong fiscal Q1 2026 results with significant improvements in key metrics. The company achieved a 17.9% increase in Adjusted NII per share to $0.66 and a 0.9% increase in NAV to $396.4 million. The quarterly ROE reached 14.1%, generating a last-twelve-months ROE of 9.3%, outperforming the BDC industry average of 7.0%.

The company maintained a robust portfolio of $968.3 million in AUM, with 86.9% in first lien debt. During Q1, SAR originated $50.1 million in new investments and received $64.3 million in repayments. The company declared a quarterly dividend of $0.75 per share, representing an 11.8% yield based on the July 7, 2025 stock price.

SAR's financial position remains strong with $224.3 million in cash available for new investments or debt repayment, while maintaining high portfolio quality with 99.7% of credits rated in their highest category.

Saratoga Investment Corp. (NYSE:SAR) has scheduled its fiscal Q1 2026 financial results announcement for July 8, 2025, after market close, followed by a conference call on July 9, 2025, at 10:00 a.m. ET. The company, a business development company specializing in middle-market financing, will file its Form 10-Q with the SEC on July 8. Saratoga Investment provides customized financing solutions through senior and unitranche leveraged loans, mezzanine debt, and equity investments. The company manages significant assets including a $550 million CLO fund and co-manages a JV fund with a $400 million CLO fund. It maintains diverse funding sources and operates two active SBIC-licensed subsidiaries, focusing on credit-driven strategies to generate current income and long-term capital appreciation.

Saratoga Investment Corp (NYSE:SAR) has declared a quarterly dividend of $0.75 per share for Q2 fiscal 2026, to be paid in three monthly installments of $0.25 per share. The payments are scheduled for July 24, August 21, and September 24, 2025. Based on the recent stock price of $24.08, this represents an annualized dividend yield of 12.5%. The company, a business development company specializing in middle-market financing, maintains its dividend distribution consistency, having paid regular dividends since fiscal 2023. Saratoga Investment manages a $550 million CLO fund and co-manages a $400 million JV CLO fund, providing diverse funding sources for its financing solutions.

Saratoga Investment Corp (NYSE: SAR) reported financial results for fiscal year and Q4 2025. Key highlights include: NAV increased 4.7% QoQ and 6.1% YoY to $392.7M. Total investment income for FY2025 was $148.9M, up 3.6% YoY. The company reported net investment income of $3.81 per share and earnings of $2.02 per share. Assets Under Management (AUM) decreased 14.1% YoY to $978.1M. The company declared dividends of $3.31 per share including a special dividend of $0.35. Portfolio quality remained strong with 99.7% of credits in highest category and non-accruals at just 0.3% of fair value. The company is transitioning to monthly dividends of $0.25 per share ($0.75 quarterly). Q4 saw $41.8M in new originations including one new platform and six follow-ons, with two additional new portfolio companies added post quarter-end.