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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
Saratoga Investment Corp. (NYSE:SAR) has announced its 17th consecutive quarterly dividend increase, lifting the dividend by $0.01 to $0.74 per share for the fiscal first quarter ending May 31, 2024. This marks a 1.4% increase from the previous quarter and a 6% rise year-over-year. The dividend is payable on June 27, 2024, to shareholders of record at the close of business on June 13, 2024. In fiscal year 2024, total dividends were $2.85 per share, a 16.8% increase over the prior year. The improved dividend is supported by portfolio growth and favorable interest rates, resulting in a 12.7% annualized yield based on the recent stock price of $23.22. Saratoga's overearning of its dividend by 29% last quarter also highlights a robust earnings yield of 16.2%, increasing the Net Asset Value and providing a buffer against potential interest rate cuts.
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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