Quarterly ResultJul 7, 2026, 04:07 PM
Saratoga Investment Q1 AUM +1.6% to $1.126B; Non-Accruals 0.0% FV
AI Summary
Saratoga Investment Corp. reported fiscal first-quarter 2027 results, with Assets Under Management (AUM) growing 1.6% to $1.126 billion and net originations of $31 million. Non-accruals decreased to 0.0% of fair value and 1.2% of cost, reflecting solid credit quality despite sector-wide pressure. However, Net Asset Value (NAV) per share declined to $23.23 from $24.42 sequentially, primarily due to $15.0 million in net realized gains and unrealized depreciation. The company declared a base quarterly dividend of $0.75 per share for Q2 FY27 and issued $25.0 million in 7.25% fixed-rate notes.
Key Highlights
- Assets Under Management (AUM) increased 1.6% quarter-over-quarter to $1.126 billion.
- Net originations for the quarter were $31 million, including two new portfolio companies.
- Non-accruals decreased to 0.0% of fair value and 1.2% of cost.
- Net Asset Value (NAV) per share decreased to $23.23 from $24.42 last quarter.
- Adjusted Net Investment Income (NII) per share was $0.47, down from $0.53 last quarter.
- Earnings per share (EPS) was $(0.42), down from $(0.16) in the previous quarter.
- Declared a base quarterly dividend of $0.75 per share for the second quarter of fiscal 2027.
- Issued $25.0 million in 7.25% fixed-rate notes due 2029.
Price Impact
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