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SARATOGA INVESTMENT CORP. NEW - SAR STOCK NEWS

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Saratoga Investment Corp. (NYSE: SAR) is a renowned publicly traded business development company (BDC) that focuses on providing tailored financing solutions to U.S. middle-market companies. The firm's senior investment professionals boast over 80 years of combined experience, having invested more than $4 billion in various middle-market businesses. Saratoga operates with a diversified funding strategy that includes an SBIC-licensed subsidiary and a $400 million collateralized loan obligation (CLO) fund.

Saratoga's financing solutions encompass a wide range of instruments, including subordinated debt, first and second lien loans, one-stop and unitranche structures, and equity co-investments. This diversity in funding sources, coupled with a permanent capital base, allows Saratoga to meet the unique financing needs of business owners, equity sponsors, fundless sponsors, and family-owned businesses. The company collaborates closely with management teams to create capital structures that support their strategic business goals.

Saratoga's primary focus is on senior and unitranche leveraged loans and mezzanine debt. They also engage in equity investments to facilitate change of ownership transactions, strategic acquisitions, and recapitalizations, aiming to drive growth initiatives in partnership with business owners, management teams, and financial sponsors. The company's objective is to generate attractive risk-adjusted returns by creating both current income and long-term capital appreciation from its debt and equity investments.

Recent achievements include the efficient management of their diverse funding sources and strategic partnerships, which have significantly bolstered their financial condition. The company's broad range of financing solutions and extensive experience make them a preferred partner for middle-market businesses looking to pursue their business plans with confidence.

Latest News:

  • Financials

Saratoga Investment Corp. continues to provide supplemental information regarding adjusted net investment income, yield, and per-share metrics to ensure transparency and informed decision-making for their investors.

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

Rhea-AI Summary

Saratoga Investment Corp. (NYSE:SAR) announced strong financial results for its fiscal year and fourth quarter of 2024, with notable increases in Net Investment Income per share. The company's AUM grew by 17.1% year-over-year to $1.139 billion, with impressive portfolio performance and increased dividends. Despite challenges in some portfolio companies, Saratoga Investment remains resilient with a well-structured portfolio. The company raised new equity to support growth and NAV, while remaining cautious in new commitments. Overall, Saratoga Investment's solid performance and continued growth reflect its robust investment strategy and strong financial position.

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Saratoga Investment Corp. (SAR) is set to report its financial results for the fiscal fourth quarter of 2024 on May 6, 2024, after market close. A conference call to discuss the results will be held on May 7, 2024, featuring key executives. Interested parties can access the webcast or call in to listen to the discussion.
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Saratoga Investment Corp. (SAR) declares a quarterly dividend of $0.73 per share for the fiscal fourth quarter, marking the sixteenth consecutive quarterly dividend increase. Total dividends for fiscal year 2024 amount to $2.85 per share, showing a 16.8% increase over the prior year. The dividend is payable on March 28, 2024, to stockholders of record on March 13, 2024.
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Saratoga Investment Corp. (NYSE:SAR) announced financial results for its 2024 fiscal third quarter, with Net Investment Income per share down 5% from last quarter and up 27% over last year’s third quarter. The annualized third quarter dividend of $0.72 per share implies an 11.0% dividend yield and 15.4% earnings yield based on its recent stock price of $26.16 per share on January 8, 2024.
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Saratoga Investment Corp. (NYSE:SAR) will report its financial results for the fiscal quarter ended November 30, 2023, on January 9, 2024, after market close. A conference call to discuss the financial results will be held on January 10, 2024, with details provided for the call and webcast.
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Saratoga Investment Corp. (NYSE:SAR) Announces 15th Consecutive Quarterly Dividend Increase
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Saratoga Investment Corp. announces financial results for Q2 2024
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Saratoga Investment Corp. will report its financial results for the fiscal quarter ended August 31, 2023, on October 9, 2023, after market close. A conference call to discuss the financial results will be held on October 10, 2023.
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FAQ

What is the current stock price of SARATOGA INVESTMENT NEW (SAR)?

The current stock price of SARATOGA INVESTMENT NEW (SAR) is $23.74 as of December 20, 2024.

What is the market cap of SARATOGA INVESTMENT NEW (SAR)?

The market cap of SARATOGA INVESTMENT NEW (SAR) is approximately 325.3M.

What does Saratoga Investment Corp. do?

Saratoga Investment Corp. provides customized financing solutions to U.S. middle-market businesses, focusing on senior and unitranche leveraged loans, mezzanine debt, and equity investments.

What types of financing solutions does Saratoga offer?

Saratoga offers subordinated debt, first and second lien loans, one-stop and unitranche structures, and equity co-investments.

Who are the typical partners of Saratoga Investment Corp.?

Their typical partners include business owners, equity sponsors, fundless sponsors, family-owned businesses, and management teams.

What is the objective of Saratoga's investment strategy?

The objective is to generate attractive risk-adjusted returns through current income and long-term capital appreciation from debt and equity investments.

What recent achievements has Saratoga reported?

Saratoga has successfully managed diverse funding sources and strategic partnerships, significantly enhancing their financial condition.

What funding strategies does Saratoga employ?

They manage an SBIC-licensed subsidiary and a $400 million collateralized loan obligation (CLO) fund, among other sources.

How much experience do Saratoga's senior investment professionals have?

They have over 80 years of combined experience, having invested more than $4 billion in middle-market businesses.

What is the significance of Saratoga's permanent capital base?

The permanent capital base allows Saratoga to offer a wide range of financing solutions and meet the unique needs of their partners.

What kind of transactions does Saratoga finance?

They finance change of ownership transactions, strategic acquisitions, recapitalizations, and growth initiatives.

How does Saratoga ensure transparency for investors?

Saratoga provides supplemental information regarding adjusted net investment income, yield, and per-share metrics regularly.

SARATOGA INVESTMENT CORP. NEW

NYSE:SAR

SAR Rankings

SAR Stock Data

325.34M
11.66M
15.51%
15.96%
1.1%
Asset Management
Financial Services
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United States of America
NEW YORK