Saratoga InvestmentNYSE: SAR

NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended May 31, 2024, on Tuesday July 9, 2024, after market close. A conference call to discuss the financial results will be held on Wednesday July 10, 2024. Details for the conference call are provided below.

Contact: Henri Steenkamp                                                            Saratoga Investment Corp.                                                                               212-906-7800

Saratoga Investment (SAR) reported quarterly earnings of $0.94 per share, falling short of the Zacks Consensus Estimate of $0.96 per share. This is lower than the earnings of $0.98 per share from the previous year.

Saratoga Investment Corp is a small-cap business development company with a big 12.4% dividend yield and the shares just sold off hard (down ~10% year-to-date) now trading at a discounted 0.89x book value. Saratoga's 2.2x debt/equity is not as precarious as it may seem (thanks to significant loans backed by the SBIC), but it still could become problematic as non-transparent depreciation/write-downs continue. After comparing Saratoga to 40+ big-yield BDCs, we review the business, dividend, valuation, risks, and conclude with how it ranks among the top ideas in our portfolio.

We take a look at the action in business development companies through the second week of January and highlight some of the key themes we are watching. BDCs were flat on the week, consolidating after a run-up late last year. The early-to-report Saratoga Investment Corp released Q4 results with a drop in net income and NAV.

Saratoga Investment Corp (SAR) Q3 2024 Earnings Call Transcript

NEW YORK, Dec. 28, 2023 (GLOBE NEWSWIRE) --  Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended November 30, 2023, on Tuesday January 9, 2024, after market close. A conference call to discuss the financial results will be held on Wednesday January 10, 2024. Details for the conference call are provided below.

The year-end rally thus far has made it difficult for value investors to find bargains among large-cap stocks. However, plenty of value remains, and Saratoga Investment Corp currently offers a well-covered 11% yield with a diversified and stable portfolio. SAR has a strong track record of preserving and growing NAV/share and currently trades at an appealing discount to net asset value.

Saratoga Investment (SAR) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.58 per share a year ago.