Saratoga Invt Corp Stock Price, News & Analysis

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.

Saratoga Investment Corp. (NYSE:SAR) announced its fiscal Q3 2022 financial results, highlighting a NAV per share of $29.17, a record high, and false claim of 14.6% return on equity. As of November 30, 2021, assets under management (AUM) were $661.8 million, up 21.0% year-over-year. The company reported $16.5 million in investment income and earnings per share of $0.73. Despite lower interest rates impacting yields, strong credit quality was maintained with 95% of loans rated highest. A dividend of $0.53 per share was declared for the quarter.

Saratoga Investment Corp. (NYSE:SAR) announced it will report its financial results for the fiscal third quarter ending November 30, 2021, on January 5, 2022, after the market closes. A conference call to discuss these results is scheduled for January 6, 2022, at 10:00 a.m. ET. Key executives will be present, including Chairman Christian L. Oberbeck and Chief Investment Officer Michael J. Grisius. The company provides customized financing solutions to U.S. middle-market businesses, primarily through leveraged loans and mezzanine debt.

Saratoga Investment Corp. (NYSE:SAR) declared a quarterly dividend of $0.53 per share for the fiscal third quarter ending November 30, 2021, payable on January 19, 2022. This represents an increase of $0.01 from the previous quarter's $0.52 per share. This dividend marks the fourth declaration in fiscal year 2022, showcasing a consistent commitment to shareholder returns. The Company emphasizes its strong portfolio performance and healthy credit profile as key drivers of this dividend strategy, aimed at delivering attractive risk-adjusted returns.

Saratoga Investment Corp. (NYSE:SAR) announced the closing of a new $50 million senior secured credit facility with Encina Lender Finance, enhancing its financial flexibility. The facility, effective October 4, 2021, allows for a potential increase to $75 million within the first two years. It mandates a minimum draw of $12.5 million initially, rising to at least $25 million thereafter. The interest rate is LIBOR plus 4.0%. The company repaid its existing revolving credit facility with Madison Capital Funding, marking a significant move in restructuring its capital.

Saratoga Investment Corp. (SAR) reported its 2022 fiscal second quarter results, showcasing a net asset value (NAV) per share of $28.97, a historic high. With assets under management (AUM) at $666.1 million, it reflects a 31.1% increase year-over-year. Investment income surged by 33.1% to $18.4 million. The company declared a quarterly dividend of $0.52, an 18% increase from the previous quarter. Despite record repayments of $134.8 million, the company maintains strong credit quality with 93% of its credits rated in the highest category.