Saratoga Investment Corp Stock News

We take a look at the action in preferreds and baby bonds through the first week of March and highlight some of the key themes we are watching. Most preferreds sectors declined due to rising Treasury yields and wider spreads, reflecting weaker risk sentiment and lower equity prices. PennyMac Mortgage Investment Trust issued a new 9% 2030 bond, trading at an 8.35% yield, offering a stable book v...

Three top Dividend Power stocks, Golden Ocean, Diversified Energy, and Saratoga Investment Corp, offer "safer" dividends with free cash-flow yields exceeding dividend yields. The Dividend Power strategy focuses on high earnings yield and top dividend yield stocks, creating a resilient portfolio for both downturns and bull markets. Analysts predict significant net gains (39.97% to 168.6%) for th...

NEW YORK, Feb. 18, 2025 (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 fourth quarter ending February 28, 2025. The dividend is payable on March 25, 2025, to all stockholders of record at the clos...

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 outper...

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 faced a challenging week with a 2.5% drop, mirroring the broader income space; all BDCs in our coverage fell. US corporate bankruptcies hit their highest level since 2010, driven by high debt servicing costs and falling consumer demand.

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 Mi...

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 th...