Quarterly ResultJul 7, 2026, 04:12 PM
Saratoga Investment Q1 EPS $(0.42); NAV per Share $23.23
AI Summary
Saratoga Investment Corp. announced its fiscal first quarter 2027 financial results, reporting a 1.6% increase in Assets Under Management (AUM) to $1.126 billion and $31 million in net originations. However, Net Asset Value (NAV) per share declined to $23.23, and the company reported an Earnings per share (EPS) loss of $(0.42). The company maintained its base quarterly dividend of $0.75 per share and highlighted a decrease in non-accruals to 0.0% of fair value, indicating solid credit quality despite sector-wide pressures and portfolio markdowns.
Key Highlights
- Assets Under Management (AUM) increased 1.6% to $1.126 billion.
- Net Asset Value (NAV) per share decreased to $23.23 from $24.42 last quarter.
- Earnings per share (EPS) was $(0.42), down from $(0.16) in the prior quarter.
- Net Investment Income (NII) per share was $0.47, compared to $0.53 last quarter.
- Declared a base quarterly dividend of $0.75 per share for Q2 fiscal 2027.
- Originations totaled $79.2 million, with net originations of $31 million.
- Non-accruals decreased to 0.0% of fair value and 1.2% of cost.
- Issued $25.0 million in 7.25% fixed-rate notes due 2029.
Price Impact
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