Saratoga Invt Corp Stock Price, News & Analysis

Saratoga Investment Corp. (NYSE:SAR) announced a quarterly dividend of $0.53 per share for the fiscal first quarter ending May 31, 2022, payable on June 29, 2022. Shareholders of record as of June 14, 2022, can choose between cash or stock via the Company's dividend reinvestment plan. The dividend strategy emphasizes Saratoga's commitment to providing consistent returns, supported by a healthy credit profile and strong portfolio performance. This marks the first dividend declaration in fiscal year 2023, consistent with past quarterly dividends.

Saratoga Investment Corp. (NYSE: SAR) announced a partial exercise of the underwriters' option in its registered public offering of $87.5 million in 6.00% unsecured notes due 2027, adding $10 million in Additional Notes. The Existing Notes began trading on May 3, 2022, under the symbol 'SAT'. The Notes, maturing on April 30, 2027, bear interest at 6.00% and are redeemable beginning April 27, 2027. Egan-Jones Ratings Company provided a rating of 'BBB+'. Proceeds will be used for investments in middle-market companies and to redeem 7.25% fixed-rate notes due 2025.

Saratoga Investment Corp. (NYSE:SAR) reported robust financial results for the fiscal year ending February 28, 2022. Assets Under Management (AUM) reached $817.6 million, a 47.5% increase year-over-year. Net Asset Value (NAV) per share rose to $29.33, a historic high, with earnings per share at $3.99. Investment income grew by 22.7% to $70.7 million, underscoring strong portfolio performance. The company originated $458 million in investments while maintaining high credit quality, with 98.5% rated at the highest category, demonstrating resilience amidst economic challenges.

Saratoga Investment Corp. (NYSE:SAR) will announce its financial results for the fiscal year and quarter ending February 28, 2022, on May 4, 2022, post-market close. A conference call to discuss these results is scheduled for May 5, 2022, at 1:00 PM ET. Key executives including CEO Christian L. Oberbeck and CFO Henri J. Steenkamp will present the findings. The company, which provides financing solutions for middle-market businesses, emphasizes risk-adjusted returns from its debt and equity investments. The Form 10-K will be filed with the SEC on May 4, 2022.

Saratoga Investment Corp. has announced an underwritten public offering of $87.5 million in 6.00% unsecured notes due April 30, 2027. The notes will pay interest quarterly, starting August 31, 2022, and can be redeemed after April 27, 2024. The offering is expected to close on April 27, 2022, and comes with an option for underwriters to purchase an additional $12.5 million. Proceeds will be used for investments in middle-market companies and potentially to redeem existing 7.25% notes. The notes are rated BBB+ by Egan-Jones Ratings Company.

Saratoga Investment Corp. (NYSE: SAR) has announced a registered public offering of unsecured notes. The company received a rating of “BBB+” from Egan-Jones Ratings Company. The notes are expected to be listed on the NYSE under the symbol “SAT” within 30 days. Ladenburg Thalmann, B. Riley Securities, and Oppenheimer are the joint book-running managers for this offering. Investors are advised to consider the investment risks carefully. This press release is not an offer to sell or buy the notes in jurisdictions where such actions would be unlawful.

Saratoga Investment Corp. (NYSE:SAR) has announced a quarterly dividend of $0.53 per share for Q4 of fiscal year 2022, payable on March 28, 2022. This marks the fifth dividend declaration for the fiscal year, consistently increasing from $0.43 in Q4 of FY2021 to $0.53 this quarter. The Company emphasizes its strong portfolio performance and robust deal pipeline, aiming for attractive long-term returns. Shareholders can choose between cash or stock options through the dividend reinvestment plan.

Saratoga Investment Corp. (NYSE: SAR) has successfully closed a public offering of $75 million in 4.35% notes maturing in 2027, yielding approximately 4.50%. The net proceeds of about $72.7 million will be utilized for investments in middle-market companies and general corporate purposes. Interest payments will start on August 28, 2022, and semi-annual thereafter. Notably, the offering saw participation from multiple financial institutions, highlighting strong market interest.

Saratoga Investment Corp. (NYSE: SAR) announced a public offering of $75 million in 4.35% notes due 2027, priced at 99.317% of par, yielding approximately 4.50%. The notes will mature on February 28, 2027, with interest paid semi-annually starting August 28, 2022. Proceeds will support investments in middle-market companies and general corporate purposes. The offering is managed by Raymond James & Associates, Inc., among others, with closing expected around January 19, 2022. Investors are advised to review the preliminary prospectus for risk details.