Saratoga Invt Corp Stock Price, News & Analysis

Saratoga Investment Corp. (NYSE: SAR) announced the launch of a public offering for unsecured notes rated “BBB+” by Egan-Jones Ratings Company. The notes are anticipated to be listed on the New York Stock Exchange under the symbol “SAZ” within 30 days. The company's diverse funding activities include managing a $650 million collateralized loan obligation fund and operating three SBIC-licensed subsidiaries. Saratoga aims to provide customized financing solutions for U.S. middle-market businesses, focusing on senior and unitranche loans, mezzanine debt, and equity investments. The press release includes forward-looking statements regarding the offering and highlights potential risks affecting future performance, such as economic downturns and interest rate fluctuations.

Saratoga Investment Corp. (NYSE:SAR) announced a quarterly dividend of $0.69 per share for the fiscal fourth quarter ended February 28, 2023, an increase of $0.01 from the previous quarter. This dividend, payable on March 30, 2023, rewards stockholders on record by March 16, 2023. The company emphasized strong portfolio performance and a healthy credit profile as key factors for this decision. This marks the fourth dividend in fiscal year 2023, reflecting a trend of increasing payouts from $0.53 per share in previous quarters. Additionally, shareholders may choose to receive dividends in cash or stock through the dividend reinvestment plan (DRIP).

Saratoga Investment Corp. (NYSE:SAR) announced strong financial results for Q3 2023, with Net Investment Income (NII) per share up 30% quarter-over-quarter and 84% year-over-year. Adjusted NII per share also rose 33% sequentially and 45% annually. As of November 30, 2022, Assets Under Management (AUM) were $982 million, up 48.4% year-over-year. The company’s Net Asset Value (NAV) per share slightly decreased to $28.25, while a record 26% dividend increase was declared, resulting in a $0.68 per share dividend.

Saratoga Investment Corp. (NYSE:SAR) will release its financial results for the quarter ended November 30, 2022, on January 10, 2023, after market close. A conference call to discuss these results will occur on January 11, 2023, at 10:00 a.m. ET. Interested parties can access the call via a webcast or phone, with registration required for the latter. The company specializes in providing financing solutions to U.S. middle-market businesses, focusing on leveraged loans and mezzanine debt to generate attractive risk-adjusted returns.

Saratoga Investment Corp. (SAR) has priced an underwritten public offering of $52.5 million in 8.125% unsecured notes due 2027. The notes, which bear interest payable quarterly, will mature on December 31, 2027, and can be redeemed starting December 13, 2024. The offering is expected to close on December 13, 2022. The company aims to utilize the proceeds for investments in middle-market companies and general corporate purposes. The notes will be listed on the NYSE under the symbol 'SAY' and have received a BBB+ investment grade rating from Egan-Jones Ratings Company.

Saratoga Investment Corp. (NYSE: SAR) announced a public offering of unsecured notes, set to list under the symbol 'SAY' on the NYSE. The company has received a 'BBB+' investment grade rating from Egan-Jones Ratings Company, enhancing its credibility. This offering is geared towards raising capital through unsecured debt, with proceeds expected to support its financing strategies in middle-market businesses. Investors are advised to review the associated prospectus for detailed risk and financial information.

Saratoga Investment Corp (NYSE:SAR) has announced a quarterly dividend of $0.68 per share, reflecting a 26% increase from the prior quarter's $0.54. This dividend is set for payment on January 4, 2023, to shareholders recorded by December 15, 2022. The increase is attributed to strong portfolio performance and a favorable credit profile, bolstered by a 95% floating rate loan asset portfolio. Previously, dividends were $0.54 and $0.53 for the last two quarters of fiscal 2023.

Saratoga Investment Corp. (NYSE: SAR) has announced an underwritten public offering of $40 million in 8.00% unsecured notes due October 31, 2027. The offering aims to close on October 27, 2022, and the notes will be listed on the NYSE under the symbol 'SAJ'. Interest on the notes will be payable quarterly, starting February 28, 2023. Additionally, the company received a 'BBB+' investment grade rating from Egan-Jones Ratings. Proceeds will be used for investments in middle-market companies and general corporate purposes, enhancing the company's capacity for growth.

Saratoga Investment Corp. (NYSE: SAR) has launched a registered public offering of unsecured notes. The offering has received an investment grade rating of “BBB+” from Egan-Jones Ratings Company, which is recognized by key regulatory bodies. The notes are expected to be listed on the New York Stock Exchange under the symbol “SAJ” and will trade within 30 days of issuance. The offering is managed by leading investment banks, and investors are advised to carefully consider risks before investing. A registration statement has been filed with the SEC.