Saratoga Invt Corp Stock Price, News & Analysis

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.

Saratoga Investment Corp. (NYSE: SAR) announced a public offering of Notes due 2025, rated investment grade 'BBB' by Egan-Jones Ratings Company. The Notes are expected to be listed on the New York Stock Exchange under the symbol 'SAC'. The offering will be managed by a consortium of investment banks, including Ladenburg Thalmann and Janney Montgomery Scott. Investors are advised to review the investment objectives and related risks before participating. A registration statement related to the offering has been declared effective by the SEC.