Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. It structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity. It seeks to invest in the United States. The firm primarily invests $5 million to $20 million in companies having EBITDA of $2 million or greater and revenues of $8 million to $150 million. It invests through direct lending as well as participation in loan syndicates. The firm was formerly known as GSC Investment Corp. Saratoga Investment Corp. is based in New York, New York with an additional office in Florham Park, New Jersey.
IPO Year:
Exchange: NYSE
Website: saratogainvestmentcorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/10/2024 | Buy → Neutral | Ladenburg Thalmann | |
| 7/11/2024 | $24.75 | Neutral → Buy | Compass Point |
| 5/8/2024 | Outperform → Perform | Oppenheimer | |
| 1/10/2024 | Buy → Neutral | Compass Point | |
| 1/8/2024 | $28.00 | Buy → Neutral | B. Riley Securities |
| 10/11/2023 | $27.00 | Outperform → Market Perform | Hovde Group |
| 7/12/2023 | Outperform → Mkt Perform | Raymond James | |
| 4/24/2023 | $27.00 | Buy | Janney |
| 12/13/2022 | $27.50 | Buy | B. Riley Securities |
Also Announces Special Dividend of $0.35 Per Share Fulfilling our Fiscal 2024 Distribution RequirementsTotal Distributions in the Fiscal Third Quarter Amount to $1.09 Per Share NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company, today announced that its Board of Directors has declared a base quarterly dividend of $0.74 per share for the fiscal third quarter ending November 30, 2024, and an additional special dividend of $0.35 per share fulfilling our fiscal 2024 distribution requirements. Both dividends are payable on December 19, 2024, to all stockholders of record at the close of busi
NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company ("BDC"), today announced financial results for its 2025 fiscal second quarter ended August 31, 2024. Summary Financial Information The Company's summarized financial information is as follows: For the three months ended and as of($ in thousands, except per share)August 31, 2024 May 31, 2024 August 31, 2023 Assets Under Management (AUM)1,040,711 1,095,559 1,098,945 Net Asset Value (NAV)372,054 367,855 362,079 NAV per share27.07 26.85 28.44 Total Investment Income43,003 38,678 35,514 Net Investment Income (NII) per share1.33 1.05 1.15 A
Urges Stockholders To Vote Their Shares NEW YORK, NY, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment," "Saratoga" or "the Company") today announced that the Company anticipates that it will not have a sufficient number of shares of the Company's common stock present in person or represented by proxy at the 2024 Annual Meeting of Stockholders (the "Annual Meeting"), scheduled for Thursday, September 26, 2024 at 10:00 a.m. Eastern Time, to constitute a quorum. The majority of the votes received are in favor of the motion being proposed which is to elect Christian L. Oberbeck as director of the Company, to serve until the 2027 Annual Meeting.
NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended August 31, 2024, on Tuesday October 8, 2024, after market close. A conference call to discuss the financial results will be held on Wednesday October 9, 2024. Details for the conference call are provided below. Who:Christian L. Oberbeck, Chairman and Chief Executive Officer Michael J. Grisius, Chief Investment Officer Henri J. Steenkamp, Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary When:Wednesday, October 9, 2024 10:00 a.m. Eastern Time (ET) How:Webcast: Interested parties may acces
This Dividend Represents an Increase of Approximately 4.2% as Compared to Same Second Quarter of Fiscal 2024 NEW YORK, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.74 per share for the fiscal second quarter ending August 31, 2024, which represents a 4.2% increase as compared to the $0.71 per share distributed in the second quarter of last year. This dividend is payable on September 26, 2024, to all stockholders of record at the close of business on September 11, 2024. "The highly diversified nature of
NEW YORK, NY, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment," "Saratoga" or "the Company") today announced that the Company commenced distribution of proxy materials to the Company's stockholders for the 2024 Annual Meeting of Stockholders (the "Annual Meeting") to be held on September 26 2024. Saratoga's Annual Report on Form 10-K for the year ended February 29, 2024, and its definitive proxy statement for the Annual Meeting which was filed on August 1, 2024 with the U.S. Securities and Exchange Commission, may be viewed on Saratoga's Investor Relations website at https://ir.saratogainvestmentcorp.com/financial-informations. Your vote is im
NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company ("BDC"), today announced financial results for its 2025 fiscal first quarter, with Net Investment Income ("NII") per share of $1.05 versus $1.35 last year and $0.94 for last year's fourth quarter, and adjusted NII per share of $1.05 versus $1.08 last year and $0.94 for last year's fourth quarter. Saratoga Investment's annualized first quarter dividend of $0.74 per share and adjusted net investment income of $1.05 per share imply a 13.1% dividend yield and 18.6% earnings yield based on its recent stock price of $22.59 per share on July 8,
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. Who: Christian L. Oberbeck, Chairman and Chief Executive Officer Michael J. Grisius, Chief Investment Officer Henri J. Steenkamp, Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary When: Wednesday, July 10, 2024 10:00 a.m. Eastern Time (ET) How: Webcast: Inte
Contact: Henri Steenkamp Saratoga Investment Corp. 212-906-7800 NEW YORK, May 23, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.74 per share
NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company ("BDC"), today announced financial results for its 2024 fiscal year and fourth quarter, with Net Investment Income ("NII") per share up 53% from last year and up 16% over last year's fourth quarter, and adjusted NII per share up 44% from last year and down 4% from last year's fourth quarter. The substantial year-over-year increase in NII reflects growth in Assets under Management ("AUM"), strong overall portfolio performance and margin improvement from year-over-year increased rates and spreads on Saratoga Investment's largely floating rat
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Ladenburg Thalmann downgraded Saratoga Investment from Buy to Neutral
Compass Point upgraded Saratoga Investment from Neutral to Buy and set a new price target of $24.75
Oppenheimer downgraded Saratoga Investment from Outperform to Perform
Compass Point downgraded Saratoga Investment from Buy to Neutral
B. Riley Securities downgraded Saratoga Investment from Buy to Neutral and set a new price target of $28.00
Hovde Group downgraded Saratoga Investment from Outperform to Market Perform and set a new price target of $27.00
Raymond James downgraded Saratoga Investment from Outperform to Mkt Perform
Janney initiated coverage of Saratoga Investment with a rating of Buy and set a new price target of $27.00
B. Riley Securities resumed coverage of Saratoga Investment with a rating of Buy and set a new price target of $27.50
Raymond James initiated coverage of Saratoga Investment with a rating of Outperform and set a new price target of $30.00
Compass Point analyst Casey Alexander upgrades Saratoga Investment (NYSE:SAR) from Neutral to Buy and maintains the price target from $24.75 to $24.75.
B. Riley Securities analyst Bryce Rowe reiterates Saratoga Investment (NYSE:SAR) with a Neutral and maintains $25 price target.
Saratoga Investment (NYSE:SAR) reported quarterly earnings of $1.05 per share which beat the analyst consensus estimate of $0.93 by 12.9 percent. This is a 2.78 percent decrease over earnings of $1.08 per share from the same period last year. The company reported quarterly sales of $38.68 million which beat the analyst consensus estimate of $36.47 million by 6.05 percent. This is a 11.68 percent increase over sales of $34.63 million the same period last year.
As of June 10, 2024, five stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. UP Fintech Holding Ltd (NASDAQ:TIGR) On June 5, UP Fintech Holding reported a year-over-year i
Oppenheimer analyst Mitchel Penn downgrades Saratoga Investment (NYSE:SAR) from Outperform to Perform and lowers the price target from $24 to $23.
Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.73 per share for the fiscal fourth quarter ended February 29, 2024, an increase of $0.01 from $0.72 per share in the prior fiscal third quarter, and the sixteenth quarterly dividend increase in a row. Total dividends for fiscal year 2024 are $2.85 per share, an increase of 16.8% over the prior year. This fourth quarter dividend is payable on March 28, 2024, to all stockholders of record at the close of business on March 13, 2024."We continue to benefit from the elevated level of interest rates on our
Shares of WD-40 Company (NASDAQ:WDFC) rose sharply during Wednesday’s session after the company reported better-than-expected first-quarter results. WD-40 reported quarterly earnings of $1.28 per share which exceeded the analyst consensus estimate of $1.05 per share. The company reported quarterly sales of $140.42 million, clocking in above the Street's estimate of $134.37 million. WD-40 shares jumped 17.3% to $277.56 on Wednesday. Here are some other stocks moving in today's mid-day session. Gainers Nauticus Robotics, Inc. (NASDAQ:KITT) climbed 87.8% to $0.5501. Nauticus Robotics secured additional funding and appointed John W. Gibson, Jr as interim CEO. Clearmind Medicine Inc. (NA
U.S. stocks traded slightly higher, with the Dow Jones index gaining over 20 points on Wednesday. Shares of Veradigm Inc. (NASDAQ:MDRX) shares fell sharply during Wednesday’s session. Veradigm said it sees FY23 revenue of $608 million to $622 million. The company also sees FY23 Non-GAAP EPS of 79 cents to 88 cents. Veradigm shares tumbled 11.1% to $9.56 on Wednesday. Here are some other big stocks recording losses in today’s session. DocGo Inc. (NASDAQ:DCGO) shares dipped 32.9% to $3.2150. Fuzzy Panda Research issued a report and disclosed a short position in the stock. Aehr Test Systems (NASDAQ:AEHR) shares declined 15.1% to $18.97 after the company lowered its full-year revenue g
Compass Point analyst Casey Alexander downgrades Saratoga Investment (NYSE:SAR) from Buy to Neutral and announces $24.75 price target.
Also Announces Special Dividend of $0.35 Per Share Fulfilling our Fiscal 2024 Distribution RequirementsTotal Distributions in the Fiscal Third Quarter Amount to $1.09 Per Share NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company, today announced that its Board of Directors has declared a base quarterly dividend of $0.74 per share for the fiscal third quarter ending November 30, 2024, and an additional special dividend of $0.35 per share fulfilling our fiscal 2024 distribution requirements. Both dividends are payable on December 19, 2024, to all stockholders of record at the close of busi
NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company ("BDC"), today announced financial results for its 2025 fiscal second quarter ended August 31, 2024. Summary Financial Information The Company's summarized financial information is as follows: For the three months ended and as of($ in thousands, except per share)August 31, 2024 May 31, 2024 August 31, 2023 Assets Under Management (AUM)1,040,711 1,095,559 1,098,945 Net Asset Value (NAV)372,054 367,855 362,079 NAV per share27.07 26.85 28.44 Total Investment Income43,003 38,678 35,514 Net Investment Income (NII) per share1.33 1.05 1.15 A
NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended August 31, 2024, on Tuesday October 8, 2024, after market close. A conference call to discuss the financial results will be held on Wednesday October 9, 2024. Details for the conference call are provided below. Who:Christian L. Oberbeck, Chairman and Chief Executive Officer Michael J. Grisius, Chief Investment Officer Henri J. Steenkamp, Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary When:Wednesday, October 9, 2024 10:00 a.m. Eastern Time (ET) How:Webcast: Interested parties may acces
This Dividend Represents an Increase of Approximately 4.2% as Compared to Same Second Quarter of Fiscal 2024 NEW YORK, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.74 per share for the fiscal second quarter ending August 31, 2024, which represents a 4.2% increase as compared to the $0.71 per share distributed in the second quarter of last year. This dividend is payable on September 26, 2024, to all stockholders of record at the close of business on September 11, 2024. "The highly diversified nature of
NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company ("BDC"), today announced financial results for its 2025 fiscal first quarter, with Net Investment Income ("NII") per share of $1.05 versus $1.35 last year and $0.94 for last year's fourth quarter, and adjusted NII per share of $1.05 versus $1.08 last year and $0.94 for last year's fourth quarter. Saratoga Investment's annualized first quarter dividend of $0.74 per share and adjusted net investment income of $1.05 per share imply a 13.1% dividend yield and 18.6% earnings yield based on its recent stock price of $22.59 per share on July 8,
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. Who: Christian L. Oberbeck, Chairman and Chief Executive Officer Michael J. Grisius, Chief Investment Officer Henri J. Steenkamp, Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary When: Wednesday, July 10, 2024 10:00 a.m. Eastern Time (ET) How: Webcast: Inte
Contact: Henri Steenkamp Saratoga Investment Corp. 212-906-7800 NEW YORK, May 23, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.74 per share
NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company ("BDC"), today announced financial results for its 2024 fiscal year and fourth quarter, with Net Investment Income ("NII") per share up 53% from last year and up 16% over last year's fourth quarter, and adjusted NII per share up 44% from last year and down 4% from last year's fourth quarter. The substantial year-over-year increase in NII reflects growth in Assets under Management ("AUM"), strong overall portfolio performance and margin improvement from year-over-year increased rates and spreads on Saratoga Investment's largely floating rat
NEW YORK, April 15, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended February 29, 2024, on Monday May 6, 2024, after market close. A conference call to discuss the financial results will be held on Tuesday May 7, 2024. Details for the conference call are provided below. Who:Christian L. Oberbeck, Chairman and Chief Executive Officer Michael J. Grisius, Chief Investment Officer Henri J. Steenkamp, Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary When:Tuesday, May 7, 2024 1:00 p.m. Eastern Time (ET) How:Webcast: Interested parties may access a live webcast
NEW YORK, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.73 per share for the fiscal fourth quarter ended February 29, 2024, an increase of $0.01 from $0.72 per share in the prior fiscal third quarter, and the sixteenth quarterly dividend increase in a row. Total dividends for fiscal year 2024 are $2.85 per share, an increase of 16.8% over the prior year. This fourth quarter dividend is payable on March 28, 2024, to all stockholders of record at the close of business on March 13, 2024. "We continue to be