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 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.
Saratoga Investment Corp. (NYSE:SAR) will report its financial results for the fiscal quarter ended August 31, 2021, on October 5, 2021, post-market. A conference call to discuss these results is scheduled for October 6, 2021, at 10:00 a.m. ET, featuring Chairman Christian L. Oberbeck and other key executives. Investors can participate via phone or access a webcast through the company's investor relations website. The 10-Q filing will also be available on the same day.
Saratoga Investment Corp (NYSE:SAR) has been awarded the title of 2021 Best U.S. Boutique CLO Manager by Creditflux, marking its third consecutive nomination. The award recognizes top performance in the CLO and credit fund management sector based on rigorous quantitative criteria including cash distributions and debt compliance. Saratoga manages a $650 million CLO fund and has distributed $73 million in cash to shareholders. The recognition highlights the company’s commitment to strong financial performance for over 11 years.
Saratoga Investment Corp. (NYSE:SAR) has declared a quarterly dividend of $0.52 per share for the fiscal quarter ending August 31, 2021, an 18% increase from the previous $0.44. This dividend will be payable on September 28, 2021, to shareholders of record by September 14, 2021. The increase reflects the company's robust portfolio performance and favorable credit profile. This marks the third dividend declaration in fiscal year 2022, continuing a trend of consistent dividend growth.
Saratoga Investment Corp. (SAR) has initiated the distribution of proxy materials for its 2021 Annual Meeting of Stockholders, scheduled for September 27, 2021. Stockholders are encouraged to vote their shares promptly to mitigate solicitation costs, especially due to potential delays caused by Covid-19. The Annual Meeting will take place at Eversheds Sutherland in New York. Stockholders of record as of July 30, 2021, are eligible to vote. Saratoga also provides financing solutions to U.S. middle-market businesses, with a focus on generating attractive returns.