Welcome to our dedicated page for Saratoga Invt news (Ticker: SAR), a resource for investors and traders seeking the latest updates and insights on Saratoga Invt stock.
Saratoga Investment Corp. (NYSE: SAR) is a business development company that regularly issues detailed updates on its financial performance, portfolio activity and capital structure. As a specialty finance company focused on U.S. middle‑market businesses, its news flow often centers on quarterly earnings, dividend declarations, credit facilities and developments in its investment portfolio.
Readers of this news page can follow Saratoga Investment’s fiscal quarter results, where the company reports metrics such as assets under management, net asset value, net investment income, earnings per share, return on equity, originations and repayments. Management commentary in these releases provides context on trends in interest rates, market competition, M&A activity and credit quality within the portfolio.
News items also highlight dividend announcements, including base quarterly dividends paid in monthly installments and special dividends intended to distribute spillover income. These releases typically include historical dividend tables and information about the company’s dividend reinvestment plan, giving income‑oriented investors insight into Saratoga Investment’s distribution history.
Another recurring theme in Saratoga Investment’s news is capital and liquidity management. The company has announced credit facilities, such as the Valley Facility with Valley National Bank, describing changes in borrowing capacity, maturities, margins and eligible assets. Updates on cash balances, regulatory leverage and borrowing capacity appear in its earnings communications.
In addition, Saratoga Investment issues notices about upcoming earnings calls and annual meetings, including dates, times and access details for webcasts and conference calls. These items point investors to presentations and SEC filings such as Forms 10‑Q and 10‑K. For anyone tracking SAR, this news stream offers a consolidated view of how the company’s portfolio, earnings, dividends and capital structure evolve over time.
Saratoga Investment Corp. (NYSE:SAR) announced a successful reset and upsizing of its CLO 2013-1, lifting total assets to $600 million from $500 million. This reset involves various classes of notes, with key details including:
- A-1-R-3: $330M, Aaa rating, L+132 coupon
- A-2-R-3: $60M, Aaa rating, L+165 coupon
- B-FL-R-3: $55M, Aa2 rating, L+180 coupon
The anticipated closing is set for February 26, 2021, while the legal final date is April 20, 2033. Note that these securities have not been registered under the Securities Act of 1933.
Saratoga Investment Corp. (SAR) reported its fiscal Q3 2021 financial results, showing a 12.3% increase in assets under management (AUM) to $546.9 million compared to the prior year. Net investment income was $4.5 million ($0.40 per share), experiencing a decline from $4.6 million a year prior. The company's net asset value (NAV) rose to $299.9 million with a NAV per share of $26.84. The Board declared a quarterly dividend of $0.42 per share, up by $0.01 from the previous quarter, reflecting confidence despite economic uncertainty due to the COVID-19 pandemic.
Saratoga Investment Corp. (NYSE:SAR) will disclose its financial results for the fiscal quarter ending November 30, 2020, on January 6, 2021, after market close. A conference call to discuss these results is scheduled for January 7, 2021, at 10:00 AM ET. Interested parties can join by dialing the numbers provided or via webcast on the company’s investor relations page. The 10-Q filing will be submitted to the SEC on January 6, 2021. Saratoga Investment focuses on providing customized financing solutions to U.S. middle-market businesses, aiming for attractive risk-adjusted returns.
Saratoga Investment Corp. (NYSE:SAR) reported its fiscal Q2 2021 results, highlighting an AUM of $508.1 million, up 4.4% YoY. The net asset value (NAV) as of August 31, 2020, rose to $298.2 million, yielding a NAV per share of $26.68. The company achieved a return on equity of 14.3% and declared a quarterly dividend of $0.41 per share, a $0.01 increase from the previous quarter. Despite challenges from the COVID-19 pandemic, Saratoga continues to grow its investment portfolio, with significant unrealized gains totaling $16.6 million this quarter.
Saratoga Investment Corp. (NYSE: SAR) announced it will release its financial results for the fiscal quarter ending August 31, 2020, on October 7, 2020, after market close. A conference call will follow on October 8, 2020, at 10:00 a.m. ET to discuss these results, featuring executives Christian Oberbeck, Michael Grisius, and Henri Steenkamp. The results will be available in the Form 10-Q filed with the SEC. The company specializes in financing solutions for middle-market businesses, focusing on leveraged loans and mezzanine debt, aiming for attractive risk-adjusted returns.
Saratoga Investment Corp. (NYSE: SAR) has initiated the distribution of proxy materials for its 2020 Annual Meeting scheduled on September 29, 2020. Stockholders are encouraged to vote their shares promptly to minimize solicitation costs. The meeting will be held in New York, and stockholders as of July 31, 2020, are eligible to vote. The annual report and proxy statement are available for review on Saratoga's investor relations website. Saratoga Investment focuses on providing financing solutions to U.S. middle-market businesses.
Saratoga Investment Corp. (NYSE:SAR) reported its fiscal Q1 2021 results, revealing a decrease in net asset value (NAV) to $281.6 million from $304.3 million in the previous quarter, alongside earnings per share of ($2.02). The company declared a dividend of $0.40 per share, reflecting strong liquidity post a $43.1 million baby bond issuance. AUM stood at $482.9 million, up 17.9% year-over-year, while net investment income was $9 million, or $0.80 per share. Despite challenges posed by COVID-19, Saratoga maintains significant portfolio strength with 90% of loans rated highly.
Saratoga Investment Corp. (NYSE: SAR) announced a successful public offering of $43.125 million in aggregate principal amount of 7.25% unsecured notes due 2025. The underwriters exercised their option to purchase an additional $5.625 million of these notes. Trading under the symbol 'SAK' began on June 30, 2020, with interest payable quarterly starting August 31, 2020. The Company received a 'BBB' investment-grade rating from Egan-Jones Ratings Company.
Proceeds will be used for investments in middle-market companies and general corporate purposes.
Saratoga Investment Corp. (NYSE: SAR) is set to report its financial results for the fiscal quarter ending May 31, 2020, on July 8, 2020. The announcement will follow with a conference call on July 9, 2020, at 10:00 a.m. ET, led by key executives including CEO Christian L. Oberbeck. Investors can participate by dialing specific numbers or via webcast. The Form 10-Q will be filed with the SEC on the same day. Saratoga focuses on providing customized financing solutions to middle-market businesses, investing primarily in leveraged loans and mezzanine debt.
Saratoga Investment Corp. has priced a public offering of $37.5 million in 7.25% unsecured notes due 2025, with an option for underwriters to purchase an additional $5.625 million. The notes will provide interest quarterly, starting August 31, 2020, and are expected to trade on the NYSE under the symbol 'SAC'. Proceeds will be used for investments in middle-market companies and general corporate purposes. Egan-Jones rated the notes as 'BBB'. The offering is set to close on June 24, 2020.
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