Saratoga Investment Corp. specializes in leveraged buyouts and various financing transactions, with a diversified $960M portfolio yielding 10.8% as of 11/30/24. SAR's fiscal Q3 '25 adjusted NII yield was 13.3%, with a trailing dividend yield of 13.04% and strong dividend growth at 17.55% over five years. SAR's assets/debt leverage improved to 1.63X, with $474M investment capacity, and is outperforming the BDC industry and S&P 500 in 2025.
Saratoga Investment (SAR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Saratoga Investment Corp (NYSE:SAR ) Q3 2025 Earnings Conference Call January 9, 2024 10:00 AM ET Company Participants Henri Steenkamp - Chief Financial and Chief Compliance Officer Christian Oberbeck - Chairman and Chief Executive Officer Mike Grisius - Chief Investment Officer Conference Call Participants Erik Zwick - Lucid Capital Markets Casey Alexander - Compass Point Research & Trading Mickey Schleien - Ladenburg Bryce Rowe - B. Riley Operator Good morning, ladies and gentlemen.
Saratoga Investment (SAR) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $1.01 per share a year ago.
Reports 1.1% Sequential Quarter Increase in Adjusted NII per Share (Excluding the Effect of the One-Time Interest Reserve Reversal) and Grows LTM ROE to 9.2%
I am upgrading my rating on Saratoga Investment to a buy due to resilient portfolio quality, improved non-accruals, and strong dividend coverage. SAR's diverse portfolio, primarily in healthcare, has a low non-accrual rate, with 85.2% of investments in senior secured debt, ensuring stability. SAR's net investment income increased significantly, supporting a high dividend yield of 12.4%, with the potential for continued supplemental distributions.
NEW YORK, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended November 30, 2024, on Wednesday January 8, 2025, after market close. A conference call to discuss the financial results will be held on Thursday January 9, 2025. Details for the conference call are provided below.
Saratoga Investment Corp (NYSE:SAR ) Q2 2025 Earnings Conference Call October 9, 2024 10:00 AM ET Company Participants Henri Steenkamp - Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary Christian Oberbeck - Chairman and Chief Executive Officer Michael Grisius - Chief Investment Officer Conference Call Participants Erik Zwick - Lucid Capital Markets Robert Dodd - Raymond James Mickey Schleien - Ladenburg Thalmann Operator Good morning, ladies and gentlemen. Thank you for standing by.
On October 8, 2024, Saratoga Investment Corp (SAR, Financial) released its 8-K filing for the fiscal second quarter of 2025, showcasing a commendable financial performance that surpassed analyst expectations. Saratoga Investment Corp, a specialty finance company, provides customized financing solutions to U.S. middle-market businesses, primarily investing in senior and unitranche leveraged loans, mezzanine debt, and equity.
Saratoga Investment Corp (SAR, Financial) is set to release its Q2 2025 earnings on Oct 8, 2024. The consensus estimate for Q2 2025 revenue is $37.12 million, and the earnings are expected to come in at $0.94 per share.